Quant Price Forecast: January 12
The Quant (QNTUSD) is gaining more strength and is ready for a buy as the bulls aim to drag the market price to the overhead resistance zone. In the previous actions has been high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves. Should the coin price jump above the $227.00 supply mark, the bearish thesis would get invalidated.
Key Levels:
Resistance Levels: $230.10, $230.20, $230.30
Support Levels: $106.30, $106.20, $106.10
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD remains bullish on the higher time frames. This is clear as we can see the prices breaking out of the ascending broadening wedge, confirming its uptrend.
The sustained bullish pressure at the $123.46 high value during yesterday’s session actually made it capable for the buy investors to retain the upward strength.
The coin price at the $121.40 resistance level which later increase to a $121.86 high level above the moving averages shortly after the daily chart opens today indicates that bulls are more active in the market at the present. If the Quant buyers could hold prices above the $227.00 high mark and close a candle, closing above the mentioned resistance will signal a potential BUY.
Hence, the crypto indicates an uptrend on the daily stochastic, if the QNTUSD price sustains above the mentioned resistance level, the resulting rally may surpass the $400.00 high level and hit the $450.00 psychological level at the upside in the days ahead in the higher time frame.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Is Gaining More Strenght
Quant turns positive today as well in its medium-term range. The price opened lower but managed to trade in green over the past few hours. This means that the coin is in a bullish trend zone.
The coin was able to reach a high of $123.46 level in the previous action and has sustained its bullish strength.
The bulls made a smooth ride up from the $118.78 value to the $121.66 resistance level shortly after the 4-hour session opened today. This shows that the buy traders are actually are the top of the market at the moment, traders are hereby advised to seize the opportunity and buy the coin now to have more gains ahead.
In addition to that, if the buy traders should increase their price action, and bullish momentum is sustained, the cryptocurrency may likely pump up to a significant level of $400.00 and beyond in the upside in the days ahead. This signals a BUY trade again in its medium time frame.
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