Quant Price Forecast: January 23
The QNTUSD price is going up and has claimed another bullish cycle. The price is going up and will keep rising further. However, this can be achieved if the current supply at $143.165 value ignites a sharp increase and closes above the $235.000 resistance level, this rally may register a $400.000 high value and beyond.
Key Levels:
Resistance Levels: $230.200, $230.300, $230.400
Support Levels: $131.000, $130.000, $129.000
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD pair is in a bullish market zone in its higher time frame as can be seen from the chart above. The price is currently recovering and trades above the resistance trend levels. This is an indication of an uptrend. The bullish reversal at the $153.000 high value in the previous action has sustained the crypto above the supply trend line.
As a result of low bearish momentum, buyers have been able to push the price of Quant higher to a $141.057 high level above the two EMAs as the daily session opens today.
Actions from buyers have also increased the coin further up to the $143.165 resistance value as it journeys up north. More gains are possible if the bulls can put extra effort into the price action.
Furthermore, the momentum indicator pointing upwards suggests the continuation of the bullish trend; in this case, the price might possibly retest the $235.000 supply value soon which might possibly extend to the $400.000 resistance level in the coming days in its long-term outlook.
QNTUSD Medium-term Trend: Bullish (4H chart)
The coin is now displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders. The increase in the momentum by the bulls at the $147.479 supply value during yesterday’s session has enabled the Quant price to stay strong above the resistance lines.
The coin price at the $143.165 support value which is above the supply trend levels as the 4-hourly chart opens today indicates an uptrend and a more bullish impact on the coin. Thus, staying above the $130.000 value will make it capable for the coin price to rise further. Hence, the price is likely to grow more and is an opportunity for long investors.
In addition, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $235.000 previous high, the resulting rally may hit the $400.000 psychological level at the upside in the days ahead in its medium-term perspective.
Place winning Quant trades with us. Get QNT here
Leave a Reply