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Quant Price Prediction: QNT/USD Climbs Above $130 Resistance

March 17, 2023

#QNT#QNTUSD#Quant#Technical Analysis

Quant Price Prediction – March 17

As the daily chart reveals, the Quant price is trading near the resistance level of $120 as the recovery comes slowly.

QNT/USD Long-term Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $160, $170, $180

Support Levels: $100, $90, $80

QNT/USD is seen trading at $129.5 above the 9-day and 21-day moving averages. As seen on the daily chart, the Quant price will create additional gains if the bulls increase the buying pressure and trade near the upper boundary of the channel.

Quant Price Prediction: Quant (QNT) Could Spike to the North

Looking at the daily chart, the Quant price needs to stay above the 9-day and 21-day moving averages, otherwise, there may come a bearish breakdown if QNT/USD slides below the $120 support. However, the 9-day MA will cross above the 21-day MA as the technical indicator Relative Strength Index (14) keeps sending a moderate sign where the signal line moves above the 60-level. Therefore, QNT/USD will confirm the bullish trend if the market price touches the nearest resistance level at $140.

On the contrary, the Quant price may follow the bearish trend if the price retreats below the moving averages and face the lower boundary of the channel. Should this come to focus, QNT/USD could hit the critical supports at $100, $90, and $80 respectively. Otherwise, a strong bullish spike may surface, which could push the price above the upper boundary of the channel as the resistance levels are located at $160, $170, and $180.

QNT/USD Medium-Term Trend: Ranging (4H Chart)

Looking at the 4-hour chart, the Quant price will cross above the upper boundary of the channel if the buying pressure increases. Meanwhile, if the price slide below the 9-day and 21-day moving averages, it could head toward the lower boundary of the channel; the Quant price could hit the support level at $110 and below.

Meanwhile, if the bulls push the coin above the upper boundary of the channel, the price of Quant could touch the potential resistance at $150 and above. At the moment, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level, which could confirm the bullish movement in the market.

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