QNT/USD Forecast: Quant Consolidates, More Buyers Expected
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Quant Price Prediction – June 14
The Quant price prediction shows that QNT will recover to the upside after touching the support level of $96.
QNT/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $115, $120, $125
Support levels: $85, $80, $75
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 can 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 Will Spike to the North
According to the daily chart, the Quant price could break above the 9-day and 21-day moving averages if the bulls resume into the market. However, any further bullish movement toward the upper boundary of the channel could hit the potential resistance levels of $115, $120, and $125.
Moreover, the upward movement could be delayed if the coin slides below the lower boundary of the channel; the market price could touch the support levels of $85, $75, and $70. Nonetheless, the technical indicator Relative Strength Index (14) is likely to cross into the oversold region, suggesting bearish movement and this could make more buyers come into the market.
QNT/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-chart, the Quant price is moving bearishly after which it could head to the upside. However, if buyers could push the market price above the upper boundary of the channel, it could hit the potential resistance at $110 and above.
Meanwhile, the technical indicator Relative Strength Index (14) moves above the 40-level, indicating that the bulls are building momentum. Therefore, if the bulls fail to push the current market value to the north, it could slide a little, and the nearest support level could be found at $90 and below.
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