Quant Price Forecast: January 4
In the previous actions, QNTUSD has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves. Should the coin price turn up further from the current price at the $113.000 supply value and jump above the $235.000 supply mark, the bearish thesis would get invalidated and the target could be the $350.000 high trend levels and beyond.
Key Levels:
Resistance Levels: $233.000, $234.000, $235.000
Support Levels: $107.000, $106.000, $105.000 
QNTUSD Long-term Trend: Bullish (Daily chart)
On the long-term outlook, the QNTUSD market still trades in a bullish trend. The sustained bullish pressure at the $120.000 high level during yesterday’s session actually made it capable for the buy investors to retain the strength.
Today, despite the moves by the sell traders the coin price remains in an uptrend at the $113.000 supply value which is above the EMA-9. A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.
Further, it is very likely for the Quant price to rise further as the market is now showing an upward direction on the daily signal; this means that the buying pressure might not be interrupted again.
So we can expect the bullish correction to surpass the previous high of the $235.000 mark which may likely extend to the $350.000 resistance value in the nearby days in its long-term scenario.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Surpass the $235.000 High Level
The momentum on the medium-term outlook is still in an uptrend despite the inflows from the sell traders. The price bar can be seen above the moving averages. Thus, the bulls are capable of pushing higher from this trend line.
The QNTUSD price has been in a bullish rally in the previous action and from the look of it, it will keep growing.
After a series of downward movements, the bulls eventually made an increase to the $113.000 resistance value above the supply trend levels shortly after today’s 4-hourly chart opens. A breakout above the mentioned supply trend line will trigger this chart pattern and replenish the bullish momentum.
Similarly, the daily stochastic indicates an upward trend, therefore, if the Quant buyers could hold above the $129.384 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY. As a result, the price could surpass the $235.000 supply level to hit the $350.000 resistance value soon in its medium-term outlook.
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