Quant (QNTUSD) Price Breakout and Bullish Continuation

Quant Price Forecast: January 24
QNTUSD price just broke out and it’s about to break through strong resistance at the $227.00 mark. However, if the coin price could sustain above the pattern supply trend line, the price may trigger up to the overhead resistance at the $450.00 level and beyond.

Key Levels:
Resistance Levels: $233.00, $234.00, $235.00
Support Levels: $120.00, $119.00, $118.00

QNTUSD Long-term Trend: Bullish (Daily chart)
With the inflows from the short traders, Quant prices still trade and remain in a bullish race in its long-term outlook. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line.

The bulls were able to push the QNTUSD price up to the $148.84 resistance value on the 21st of January and have enhanced the price to stay in green ready for an upward performance.

The coin price on the daily chart today is currently facing resistance and trading at the $144.98 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery.

Meanwhile, the pair has a target price level of $400.00 as it’s about to continue its uptrend to the upper resistance as indicated by the daily stochastic pointing up in the oversold region. The mentioned target might be tested in its long-term perspective.

QNTUSD Medium-term Trend: Bullish (4H Chart)QNTUSD Price Breakout and Bullish Continuation
The coin also trades in a bullish trend market in the medium-term outlook. This is due to the high impact of long-term traders on the price flow.

The sustained bullish momentum to the $144.23 high value in the past few hours has enabled the coin price to remain firm above the supply trend levels.

The journey up north continue as the bulls returned and triggered the momentum in the price of QNTUSD up to the the$144.80 resistance value above the moving averages. Thus, staying above the moving averages will enable the coin to rise further.

Similarly, the coin price is in an upward direction on the daily stochastic, if the Quant price sustains above the current resistance level; the resulting rally may surpass the $227.00 mark and hit the $400.00 psychological level at the upside in the days ahead in its medium-term perspective.

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