Quant Price Forecast: January 16
The market price of Quant (QNTUSD) remains pressured above the $127.65 high value. Based on the outlook, if the resistance level rises above the $227.00 value, continuation to the upside is ensured, which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $115.50, $115.40, $115.30
QNTUSD Long-term Trend: Bullish (Daily chart)
The price of Quant is currently trading in a bullish zone in its long-term view. The pressure from buyers actually adds to the bullish impact on the market.
The successful breakout by the bulls to the $127.65 supply value during yesterday’s session has made it possible for the coin market to retain its bullish strength.
The crypto gave a bullish breakout from the $128.95 level to the $135.54 supply level above the moving average lines, suggesting buyers are making a recovery attempt as the daily chart opens today. Thus, we can grow in confidence that a potential buyer is coming near.
Next, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $400.00 resistance level in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
On the lower time frame, the Quant price can be seen above the EMAs, which means that the price is in a bullish market zone.
The sustained bullish pressure at the $127.65 resistance value in the previous action has made it capable for the crypto to remain above the supply trend.
Earlier today, the bulls made an increase to the $132.00 high value this was
overridden by the sell traders and dropped the coin price down to the $128.04 support level above the resistance trend levels. Such lower price rejection indicates that buyers are defending this level and attempting to push the price higher. Hence, a strong push above the $132.00 supply level will offer strong resistance to the crypto price.
If buyers should intensify their efforts, the price of QNTUSD might possibly retest the $127.65 supply level and this may extend to a $400.00 high mark in the days ahead in its medium-term outlook.
Place winning Quant trades with us. Get QNT here
Leave a Reply