Quant Price Prediction: QNT/USD Consolidates to Shoot Upward
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Quant Price Prediction – December 5
The Quant price prediction shows that QNT is facing moderate volatility before heading to the upside.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $200, $220, $240
Support levels: $80, $60, $40
QNT/USD is trading around the $0.068 level below the 9-day and 21-day moving averages. As the Quant price consolidates within the channel, the closest support could be located below the lower boundary of the channel. Meanwhile, if the bullish movement increases, the nearest resistance level of $0.070 could be found.
Quant Price Prediction: QNT Price Will Face the Upside
The Quant price will begin to create bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line moves to cross above the 50-level.
At the time of writing, the Quant is moving moderately within the channel, but if the coin decides to cross below the lower boundary of the channel, it could touch the nearest support level of $120. However, any further bearish movement can hit the supports at $80, $60, and $40, while the resistance levels can be located at $200, $220, and $240 respectively.
QNT/USD Medium-term Trend: Bullish (4H Chart)
The Quant continues to hover above the 9-day and 21-day moving averages. However, the nearest resistance could be found at around $135. Meanwhile, if the QNT price crosses below the moving averages and heads toward the lower boundary of the channel, QNT/USD can create a critical support level at $120 and below.
Meanwhile, any bullish movement above the upper boundary of the channel could allow the coin to begin a new uptrend, and this could reach the potential resistance level at $145 and above but the technical indicator Relative Strength Index (14) moves to cross below the 60-level, suggesting bearish movement.
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