Quant Price Forecast: January 3
The Quant (QNTUSD) price can rise further as the coin is currently facing high pressure from the bulls. In case the bulls should defend the selling pressure at the $135.11 support value, an increase in the bulls’ momentum may break the resistance level at $153.83 and this may increase the Quant price to a $160.00 upper high trend line.
Key Levels:
Resistance Levels: $141.00, $142.00, $143.00
Support Levels: $130.00, $128.00, $127.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish above the moving average on the higher time frames. Meanwhile, the price will rise further as we can see the bulls clustering around the market.
The high order flow from the bulls at the $141.68 supply level during yesterday’s session also added to this bullishness in recent times. However, the bulls are now set to further swing up the coin price to the upper resistance zone.
As the daily session begins today, the pair’s current price at the $145.52 high level above the EMA-50 indicates an uptrend in the context of the market’s strength. This allows for a more bullish impact on the market right now.
The long-term traders can grab this short bullish upswing to the overhead resistance, but the fate of Quant’s near future price depends on the range breakout.
Adding to this, there are tendencies for the coin price to rise further, if the support level holds, this will enable buyers to take the QNTUSD price up to a high of $160.00 soon in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Rise Further
QNTUSD is also showing a more bullish impact in its medium-term time frame. The chart indicates that the price will rise further as the bulls have the market at their disposal at the moment.
The bullish pressure at the $141.02 supply level in the past few hours has sustained the crypto price above the trend levels in its recent high.
The bulls made an aggressive move up with a bullish candle to the $142.33 resistance level above the EMA-50 shortly after the 4-hourly chart opens today. This however makes it possible for the coin to rise further. Trading above the moving averages will enable the market value of Quant to rise further.
Similarly, the price signal which is pointing upwards indicates that the trend will rise further and remain in an uptrend, if buyers should intensify their tension in the market and the prices break above the current resistance trend line, a bullish trend continuation to the overhead resistance of $160.00 is possible soon in the medium-term outlook time frame.
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