Quant Price Prediction: QNT/USD Consolidates Near $116; Price Will Climb Higher
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Quant (QNT) Price Prediction – November 24
After touching the daily high of $116, the Quant price begins a downside correction which will move toward the resistance level of $120.
QNT/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $180, $200, $220
Support Levels: $55, $35, $15
Today, QNT/USD is seen slipping below the $116 level as buying pressure cooled off. The market price even traded below $112 and formed a low of nearly $110 before stabilizing. At the time of writing, the Quant (QNT) is still trading below the 9-day and 21-day moving averages as it is down by 1.56% at its price of $111.39.
Quant Price Prediction: What to Expect from Quant (QNT)
The Quant price is likely to test the lower levels in the next few hours. A decisive breakout below $100 support may intensify selling pressure. Therefore, if bears bring the market price below the lower boundary of the channel, the consolidation may turn into a bear run. On the other hand, the sideways movement could also play out for the coin, and the next hurdle for the king coin could emerge at $115,000, but that won’t stop the higher price movements.
However, the bulls need massive liquidity and volume to cross the $120 level and make a dash to the $150 level. The technical indicator Relative Strength Index (14) is seen moving around the 40-level as any sharp downward slope could be an indication of the influence which may allow bears to increase the pressure.
Meanwhile, a reversal is possible but only if the resistance at $116 is reclaimed. The persistence trade above this level may technically push the coin to the resistance levels of $180, $200, and $220 while the supports lie at $40,000, $38,000, and $36,000.
QNT/USD Medium-Term Trend: Ranging (4H Chart)
Looking at the 4-Hour chart, Quant (QNT) has not yet slipped below $111 and is still in the loop of making a bounce back. The Quant price hovers above the 9-day and 21-day moving averages and may likely take time to trade above the current market value at $111.94.
However, if the bulls energize the market, the price may likely test the resistance level of $135 and above. In other words, if the bears should continue to hold the price and drag it downward, then the support level of $95 and below could be visited as the Relative Strength Index (14) moves to cross below the 50-level suggesting that bearish signals may come into play.
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