Quant Price Forecast: January 1
The Quant price is likely to grow more and we could likely see a further shift in the price to retest the $153.78 supply value. The crypto might likely continue its upside move if the current support at $139.16 value holds, and the daily chart closes above the $14409 resistance level, then there is a high probability of the price going up to its recent swing high, which is $153.78 resistance trend line.
Key Levels:
Resistance Levels: $149.00, $150.00, $151.00
Support Levels: $100.00, $98.00, $97.00
QNTUSD Long-term Trend: Bullish (Daily chart)
Quant is in a bullish trend in its long-term view. Although the bears are now involved in the order flow, it seems that the price may likely turn positive to retest the $153.78 high value soon as the bulls are about to take over and push us higher.
The order flow by the long-term traders at the $153.40 high value during yesterday’s session has made the coin price stay above the supply levels in its recent high.
The QNTUSD price plummeted to the $139.16 support level above the EMA-50 as the daily chart resumes today. Nevertheless, today’s price drop has still not stalled the bull run as it remains intact.
Hence, an upside breakout above the $144.09 mark with daily candle closing will offer buyers a solid foothold to push the Quant price higher.
Should the bulls prove stronger and the coin price sustain above the $144.09 high level, the potential rally could surge higher to retest the $153.78 value which could further expose the QNTUSD price to the $160.00 upper resistance level and beyond.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Retest the $153.78 Supply Level
The market value of QNTUSD in the medium-term time frame (4H) at the $139.72 high value is seen above the moving averages. This means that the market is in a bullish trend zone and the price may retest the $153.78 high value as we can see a new correction in place.
The pair has been having interference from the long-term traders in the previous action and this has made the crypto trade above the supply trend line in recent times.
Despite the moves from the sell traders, the price of Quant remains in an uptrend at the $139.72 supply value above the EMA-50. Thus, staying above the moving average will enable the coin to further increase which may lead to a retest of $153.78 high value resulting in more gains for the coin buyers.
Further, the market is oversold; the selling pressure has been exhausted therefore buyers must redouble their efforts to forecast a bullish increase in the market above the current price level to retest the $153.78 previous high mark and beyond as momentum continues to appreciate in its medium-term time frame.
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