Quant Price Forecast: January 15
The price of Quant (QNTUSD) may increase further to the $160.00 upper resistance level as we can see a new correction phase in place. The coin is moving upward, and if all support levels hold and resistance breaks out of the $153.83 level, we can see a further increase in the price and this may increase the Quant price to the $160.00 upper high trend line and beyond, bringing greater profits for the coin traders.
Key Levels:
Resistance Levels: $118.00, $119.00, $120.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD is still positive and will increase further in the higher time frame. The fact that the prices are trading above the EMA-50 makes this evident. This is a result of the buy investors’ significant influence.
The high order flow from the bulls in the past few days also added to this bullishness. However, the bulls are now set to increase the trend.
However, on the daily chart today, there is a broader recovery in the price of Quant. The crypto jumped up to a $120.02 supply level above the EMA-50 as the bulls took to their ground to increase further.
Thus, maintaining a position above the EMA-50 suggests a high likelihood of a bullish correction. A strong breakup above the $153.83 resistance point would strengthen the bullish pressure.
In continuation, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price of QNTUSD might increase further to hit the $160.00 supply value in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
The Quant market is recovering and trading below the moving average in its medium-term outlook. The price is set to increase further as the bulls stand their ground to continue with the trend.
The price of the coin has fallen below the supply trend lines due to the bears’ pressure, which brought it to a low of $112.87 during yesterday’s session, but it now appears like the bulls are set to take control and increase further.
The bulls hit the resistance level of $120.02 above the EMA-50 as the 4-hourly chart resumes today. However, the buy traders could not relent, aiming to drag the price to a significant level.
Adding to this, the bullish correction at the mentioned resistance level is an indication that the bulls are planning to strongly move the price of QNTUSD to a high level at the upsides and the $160.00 supply trend line might be the target also in the future as the coin price increase further in its medium-term outlook.
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