Quant Price Prediction: QNT/USD Consolidates Above $105; Price Could Rebound
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Quant Price Prediction – May 17
The Quant price prediction reveals that if bulls push the market price above the moving averages, QNT will head to the upside.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $125, $130, $135
Support levels: $90, $85, $80
At the time of writing, QNT/USD is moving bearishly, trading within the 9-day and 21-day moving averages. Meanwhile, as the coin hovers at $106, the bullish momentum will make the coin move toward the resistance level of $110 resistance level. Nevertheless, if the bulls fail to drive the price toward the upper boundary of the channel, the Quant price could slide toward the lower boundary of the channel.
Quant Price Prediction: QNT/USD Would Head to the Upside
The Quant price is changing hands at $106 where it could reclaim the resistance level of $107. The coin may cross above the 9-day and 21-day moving averages so that it can locate the potential resistance levels at $125, $130, and $135 respectively. Meanwhile, the support levels remain at $90, $85, and $80 for the new buyers to come into the market while the technical indicator Relative Strength Index (14) keeps moving in the same direction around the 40-level.
QNT/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-hour chart, the Quant price will cross above the 21-day moving average if the buyers return to the market. The technical indicator Relative Strength Index (14) remains within the 50-level, which suggests that the coin may retreat a little before gaining additional uptrends. This is to prepare the buyers for the upward movement and it could be the best time for more buyers to buy the dip.
However, any bullish movement above the upper boundary of the channel could hit the resistance level at $115 and above. Nevertheless, QNT/USD could display, some bearish signals if the market price crosses below the 9-day moving average, and the Quant price could locate the critical support at $100 and below.
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