Quant Price Prediction: QNT/USD Consolidates in a Range; More Buyers Could Play Out
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Quant Price Prediction – February 28
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: $160, $170, $180
Support levels: $100, $90, $80
QNT/USD is ranging at the moment as the market price hovers below 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. However, any further bullish movement above this barrier could hit the potential resistance levels of $160, $170, and $180.
Moreover, the upward movement could be delayed if the sellers bring the coin below the lower boundary of the channel; the market price could slide to touch the support levels of $100, $90, and $80. Nonetheless, the technical indicator Relative Strength Index (14) is moving to cross above the 40-level, suggesting bullish 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 major resistance level of $130 could be located. However, if the buyers push the price above the upper boundary of the channel, potential resistance could be located at $140 and above.
Meanwhile, the technical indicator Relative Strength Index (14) moves to cross below the 40-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 $115 and below.
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