Quant Price Prediction: QNT/USD Could Enter Recovery Mode But Can It Touch $120?
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Quant Price Prediction – December 24
The Quant price consolidates underneath a $105 barrier and could be doing this for another bullish movement to the $120 level.
QNT/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $160, $180, $200
Support Levels: $65, $45, $25
QNT/USD could touch the daily high of $120 before heading to the downside. During this period, the Quant price is now facing down by 0.60% in value. It is likely to keep moving sideways in the near term as the technical indicator Relative Strength Index (14) moves in the same direction, preparing for the upside. At the time of writing, the Quant price is hovering at $104.56.
Quant Price Prediction: QNT Price Ready to Push Higher Again
According to the daily chart, if the Quant price head to the downside, the nearest support at $100 may be tested as the price consolidates. Failure of the noted support could see the Quant price sliding towards the lower boundary of the channel. Moreover, this area is likely to slow down the correction and could serve as a jumping-off ground for another recovery attempt; if it is out of the way, the support level of $65, $45, and $25 may come into play.
In the meantime, QNT/USD is still fighting to correct the subtle bearish movement, and the bullish trend coupled with the right volume and high volatility level is the right ingredient for the recovery to $120. This could be necessary for the coin to resume its upward movement toward the resistance levels of $160, $180, and $200.
QNT/USD Medium-Term Trend: Bearish (4H Chart)
On the 4-Hour chart, QNT/USD is currently trading below the 9-day and 21-day moving averages as the price hovers around $104.47, it could take time to persistently head to the upside. In addition, the upward movement could touch the resistance levels of $115 and above if the bulls push higher again.
On the downside, the price could slide towards the lower boundary of the channel if the bears increase the selling pressure; therefore, any further movement could test the critical support at the $95 level and below as the existing buyers and the new buyers are expected in the market. Moreover, the Relative Strength Index (14) is moving above the 40-level as the coin prepares for the bullish movement.
Place winning Quant trades with us. Get QNT here
