Quant Price Forecast: January 10
The Quant price forecast is that market buyers will continue to grow stronger even as the price has now broken the $115.00 barrier.
Quant Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $125.25, $155.70, $227.70
Zones of Demand: $88.70, $101.30, $115.00
Quant has generated momentum between the $115.00 resistance level and the $101.30 support level. The price has then taken the next step by breaking out of that mini-consolidation zone. Furthermore, the price shows consecutive bullish candles that are rising higher to test the resistance level of the general ranging channel at $125.25. A successful breakthrough will see the coin rise to $227.70.
Quant Price Forecast: QNT/USD Outlook
The Quant market spent some time in the lower half of the general ranging zone of the market, that is, between the $115.00 resistance level and the $101.30 support level.
After that, the price began to move away from this point after gaining significant momentum. A strong bullish rise helps the market breach the $115.00 resistance level.
The coin is now edging closer to testing the next resistance zone at $126.25. The Momentum indicator shows the momentum has been increasing since the second bounce off the $101.30 level.
QNT/USD Medium-Term Trend: Bullish (4-hour chart)
All the indicators are pointing in a positive direction for the Quant market. The price is now trading above the MA period 25 (Moving Average) on the daily chart. Even on the 4-hour chart, it is also below the candlesticks, acting much more as price support.
On the same 4-hour time frame, the Momentum indicator is also trending upward, however, in an undulating manner. Quant is currently very bullish, and it will test the $125.25 resistance level when it comes in contact with it. Once this level is broken, the next resistance at $227.70 will be the target.
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