Quant Price Forecast: January 28
Today, the QNTUSD pair sends a clear bullish signal that the bulls are still strong and the price will probably rise further. If the forces from buyers in the market should increase and the prices are sustained above the $235.000 high level, the bullish rally may plunge the coin price to the $400.000 supply level trend line.
Key Levels:
Resistance Levels: $200.200, $200.300, $200.400
Support Levels: $120.000, $119.000, $117.000
QNTUSD Long-term Trend: Bullish (Daily chart)
Despite the interference of short-term traders in the price flow, the long-term market shows a bullish race. The prices of Quant are above the moving averages and have confirmed a bullish momentum breaking the previous high at $144.700 value.
The coin has been having a series of higher highs in the past few days which has made it remain strong above the supply levels.
As a result of low bullish momentum, the coin was brought down to a low at $151.154 value above the two EMAs; this means that the price of QNTUSD is still at the disposal of the buy investors. Staying above the moving averages makes the bulls capable to influence the price tendency.
Thus, if the bulls could prove more vital and exchange hands with the bears at the $151.154 support level, the price might possibly reverse and turn upsides to retest the $235.000 resistance value which may likely extend the cost to the $400.000 upper resistance value in the days ahead in its higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Will Increase Further
Due to low bearish momentum, the QNTUSD now trades in a general bullish trend. Buyers are hindering the market from smashing through the supply zones.
After completing the downward move by the bears, the market was propelled higher by the bulls until it reached a new high at the $152.449 resistance mark above the moving averages as the 4-hourly session resumes today. This suggests a recovery attempt and shows that the bulls are ready to take the price higher and dominate the market.
Thus, if the bulls regroup and push higher, a steady rise above the mentioned supply value will accelerate the new correction phase to a significant key level in the supply area.
Further, continuation to the north is likely as the bulls are seen clustering around the coin market at the present. So we can expect a steady increase in the price of Quant to reach the $400.000 resistance level as the journey up north continues in its medium-term outlook.
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