Quant Price Forecast: January 18
The market price of Quant will likely swing up and continue its upside moves, thus breakout is imminent. Based on the outlook, should the daily candlestick closes above the $227.00 supply mark, the correction phase might possibly extend to meet the resistance at the $400.00 trend line.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $106.00, $105.00, $104.00
QNTUSD Long-term Trend: Bullish (Daily Chart)
QNTUSD is possibly making its way up after hitting the $112.52 support level to overcome resistance to signal a pump-up. It looks like the price will want to bounce up again in the long-term perspective. This is due to the high influence of the buy traders.
The coin was able to reach a high of $132.71 value during yesterday’s session and has enhanced the price to stay in green ready for an upward performance.
The coin price on the daily chart today is currently facing resistance and trading at the $141.52 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery.
In addition to that, the coin is in an uptrend on the daily signal, if the coin buyers could hold above the $227.00 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could swing up to hit the $400.00 resistance value in the days ahead in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H Chart)
QNTUSD remains bullish in the medium-term outlook. This is clear as we can see price continues to make higher highs and higher lows above the moving average lines.
The successful breakout by the bulls to the $132.71 supply value during yesterday’s session has made it possible for the Quant market to retain its bullish strength.
Earlier today, the bulls made a smooth run to the $141.52 supply level after which the sell traders returned the price to a low at the $134.59 support level above the moving averages, suggesting an improved bullish market sentiment.
This current trend will enable the price to remain on the upside and rise or break out to the upside. This however creates a strong area of interest for buyers.
Next, if additional selling power is prevented, a post-retest rally may drive the prices high to hit the $400.00 resistance value soon in its medium-term outlook.
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