Quant Price Forecast: January 17
Quant‘s next price target might possibly be the $350.00 resistance value as the price is likely to break out from its shell and move above the resistance trend lines soon. If the bulls disagree with the bears and increase their strength the coin price could jump up and closes above the $227.00 high level, further bearishness would be invalidated and the price could hit the $350.00 supply level.
Key Levels:
Resistance Levels: $200.20, $200.30, $200.40
Support Levels: $110.00, $109.00, $108.00
QNTUSD Long-term Trend: Bullish (Daily chart)
The QNTUSD price is in a bullish market at the moment in the higher time frame, this is due to the high impact of the buy traders in the order flow. Further, the price action can be seen above the two EMAs.
The cryptocurrency has been having a series of higher highs and higher lows in the past few days which have sustained its upward strength.
The bulls made an increase to the $132.16 high mark above the supply trend lines shortly after the daily session opens today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
Furthermore, the Quant price is showing more upside possibilities on the daily stochastic, therefore if the bulls could sustain the price above the $227.00 supply value, the next price target could be the $350.00 resistance mark in the coming days in its long-term perspective.
QNTUSD Medium-term Trend: Bullish (4H chart)
QNTUSD Price to Reach the $350.00 Resistance Value
The QNTUSD price is in a bullish trend in its medium-term perspective as can be seen from the chart below. The prices can be seen trading above the supply trend levels which has confirmed its bullishness.
The high bullish impact on the coin in the past few hours has contributed to its upward momentum in recent times.
The bulls caused an increase to the $131.25 resistance level above the moving average levels, as the 4-hourly chart opens today. Trading above the resistance lines will give the bulls more tendency to influence the coin price and with this, the price could go higher above the key levels.
Meanwhile, there are more bullish runs to come as the market is pointing upwards on the daily stochastic, this suggests that the price of Quant will still definitely rise further above the current supply level and the next price target by the bulls might be the $350.00 high mark in the nearby days in its medium-term outlook.
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