Quant Price Prediction: QNT/USD Consolidates in a Range; More Buyers Are Expected
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Quant Price Prediction – December 29
The Quant price prediction shows that QNT will recover to the upside as the coin gets ready for a cross above the 9-day and 21-day moving averages.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $175, $195, $205
Support levels: $60, $40, $20
QNT/USD is ranging at the moment as the market price hovers within the 9-day and 21-day moving averages. Meanwhile, the market could become low so that new and existing buyers could come into the market. Meanwhile, if the bulls fail to push the price to the upside, the Quant price may continue to range before gaining the upside.
Quant Price Prediction: QNT/USD Would Move Higher
According to the daily chart, the Quant price will break towards the upper boundary of the channel if the bulls push and keep the coin above the 9-day and 21-day moving averages. Therefore, any further bullish movement above this barrier could hit the potential resistance levels of $175, $195, and $205.
Moreover, the upward movement could be delayed if the sellers head toward the lower boundary of the channel; the market price could slide to touch the support levels of $60, $40, and $20. Nonetheless, the technical indicator Relative Strength Index (14) is hovering below the 45-level, suggesting sideways movement.
QNT/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-chart, the Quant price is consolidating within the channel. The coin is preparing to head to the upside if the significant resistance level of $115 could be located. However, if the buyers push the price above the upper boundary of the channel, potential resistance could be found at $120 and above.
Meanwhile, the technical indicator Relative Strength Index (14) moves to cross below the 50-level, indicating that the bulls are building momentum. Therefore, should the bulls fail to move the current market value to the upside, the QNT price could slide a little, and the nearest support level could be found at $100 and below.
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