Quant Price Forecast: January 11
The Quant (QNTUSD) price may likely pump up to the $400.00 resistance value as it journeys up north. Thus, an increase in the buying pressure will pump up the coin price above the $227.00 previous supply point, possibly extending to the $400.00 resistance level and beyond.
Key Levels:
Resistance Levels: $230.00, $230.10, $230.20
Support Levels: $115.00, $114.00, $113.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The daily chart market of QNTUSD shows a bullish race as buyers are hindering the market from smashing through the support zones. This is clear as we can see price continues to make higher highs and higher lows.
The successful breakout by the bulls to the $116.64 supply value during yesterday’s session has made it possible for the Quant market to retain its bullish strength.
The momentum continues today as the bulls increased from the $116.12 level to the $119.62 resistance value above the two EMAs shortly after the daily chart opened today. After a successful breakout and retest of the major zones, a buy at this pair is inevitable after rejection.
In addition to that, the bulls are seen clustered around the market as indicated by the daily signal, should the bulls add an extra effort and close the daily candle above the supply as mentioned above value, a further bearish thesis will be nullified and the bulls could push higher to reach the $400.00 high trend value in the coming days in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)QNTUSD Pumping Up to the $400.00 Resistance Level
The QNTUSD pair is going in favor of the bulls on the 4-hourly chart; the price is trading in an ascending channel which confirms its bullish trend.
Also, the bulls caused an increase to the $116.64 resistance level during yesterday’s session this however, gave buyers the motive to influence the price tendency as the bulls look to gain market momentum.
The market value of Quant at the $119.57 high level can be seen above the moving average lines; therefore, if the bulls increase their tension in the market, the price tendency will rise above the key levels.
Meanwhile, the stochastic indicator pointing upwards implies that the cryptocurrency may likely continue with its bullish correction pattern and this could lead the price of Quant to hit the $400.00 resistance level soon as the journey up north continues in its medium-term outlook.
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