Quant Price Forecast: January 8
QNTUSD has the potential for a bullish rise as the coin market now faces the overhead trend line with more concerns from the bulls. The nearest resistance of the crypto is between levels of $119.80 to $123.64, whereas the most immediate resistance is found around $123.64. There is a higher probability of a price-breaking resistance zone if the buy traders can double their efforts.
Key Levels:
Resistance Levels: $120.00, $121.00, $122.00
Support Levels: $100.00, $99.00, $98.00
QNTUSD Long-term Trend: Bullish (Daily chart)
QNTUSD has the potential for a bullish rise and also indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the EMA line which confirms its bullishness. 
The bullish impact on the crypto to a $128.50 high level in the past few days has sustained its firmness above the supply levels in its recent trend levels.
After completing the lows at a $116.01 level during yesterday’s session, the bulls’ action increases the price of Quant up to the $123.64 resistance level above the EMA-50 as a pullback even as the daily session opens today.
The coin price has the potential for a bullish rise by trading above the supply level, a break above the $155.57 mark would intensify the buying pressure on the crypto.
Notably, the Quant market is pointing upwards on the daily stochastic, this suggests that the coin has the potential for a bullish rise and will draw more buy traders to the market for a bullish continuation pattern, if that occurs the coin price could further climb toward a $160.00 upper high level and this will add to the bullish rise in the future in its long-term outlook.
QNTUSD Medium-term Trend: Bearish (4H chart)
Quant is trading below the supply level which means that it’s in a bearish trend in its medium-term view.
The coin price has fallen below the supply trend lines as a result of the bears’ pressure, which brought it to a low of $119.20 during yesterday’s session, but the coin has a potential for a bullish rise, as it now appears like the bulls are set to take control and drive us upward.
The coin buyers responded to the market after the interruption from the sell traders and broke out from the support trend line at the $119.20 value to a high at the $122.72 supply mark below the moving average lines; this suggests the gradual return of the bulls to the market which would in turn lead to a potential for a bullish rise.
Additionally, the daily stochastic suggests an uptrend. This indicates a potential for a bullish rise upward, which will allow the bulls to continue the current rally and may soon result in the $160.00 resistance trend line or higher in the medium-term forecast.
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