Quant Price Forecast: December 30
The Quant price will most likely continue its bullish momentum and could still go higher. However, further bullish pressure may break up at the $153.83 level, pushing the coin price to the $160.00 upper high level, resulting in a good buy for coin traders.
Key Levels:
Resistance Levels: $141.00, $142.00, $143.00
Support Levels: $108.00, $107.00, $106.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish and may continue its bullish momentum in the higher time frames. This is clear as we can see the prices trading strongly above the supply trend levels indicating a strong bullish trend. However, the recent market has favored the bulls.
The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to continue its bullish momentum in its recent high.
The coin trading above the moving averages at the $143.00 resistance level above the moving averages as the daily chart opens today, is an indication of a more bullish impact in the market.
If the bullish momentum persists, a breakout above the accumulation zone of $153.83 level with a candle closing will signal a strong buy signal for interested traders.
Further, the price of Quant might continue its bullish momentum as shown by the price indicator which is in an upward direction. As a result, we can expect the coin price to test its previous swing high and even break above that level to hit the $160.000 upper resistance level soon in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
Despite the interference of short-term traders in the price flow, the medium-term outlook indicates that the QNTUSD pair may continue its bullish momentum and also remain in an uptrend.
In the past few hours, the bullish pressure at the $141.83 supply level has made the coin stay above the supply trend levels in its recent high.
The bulls increase their pressure and move the market price of the coin up to a $143.00 high level as the 4-hourly chart opens today. This allows the coin to continue its bullish momentum and remain good for a BUY position.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue the bullish momentum and the target might be the $160.00 resistance level soon in its medium-term outlook.
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