Quant Price Forecast: January 5
The QNTUSD price is positive and shows more jumps ahead. The coin may likely increase further if the bulls could push the price higher and the market price sustains above the $199.500 resistance mark, the potential rally could surge above the $235.000 previous higher level to hit the $400.000 upper resistance value.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $107.000, $106.000, $105.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is trading in a bullish momentum in its higher time frame. The coin has been trading in green in the last few days which has made it capable for the coin to remain in an uptrend. This looks nice for the buying trader and signifies a buy signal.
The coin price finds a reliable resistance at around the level of $109.747 supply value above the EMA-9 as the daily session commences today, resulting in intraday gains, evidence of bullish recovery, and growth in bullish momentum.
However, the higher price injector attached to the retest candle reflects a high impact on the bullish commitment. An increase in the bullish momentum may break up the $235.000 resistance value which may further rise to the overhead resistance.
In a like manner, the underlying sentiment regarding the Quant market suggests an uptrend continuation in the coming days as indicated by the daily stochastic, this means that more jumps are ahead and in this case, the bullish rally might possibly take us higher to the $400.000 supply mark soon in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD – More Jumps Ahead
On the medium-term outlook, the QNTUSD market still trades in a bullish trend. The price bar can be seen above the EMA-9, indicating an uptrend.
In the previous actions, the crypto has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves.
Earlier today, the coin buyers responded to the market after testing the bottom support and breaking out from the support trend line to a high at the $109.747 supply value above the EMA-9; this is an indication of more forces from the buy traders and bullish commitment.
Therefore, if buyers can put more effort into their buying motives in the market, a shift in trend upward will be achieved.
Similarly, more jumps are ahead as the Quant price suggests an uptrend on the daily signals which is pointing up in the oversold region. This means that the selling pressure is not likely to continue, as a result, the bulls may likely touch the $400.000 high value in the days ahead in its medium-term outlook.
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