Quant Price Prediction: QNT/USD Could Hit $150 Resistance
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Quant Price Prediction – February 3
The Quant price prediction shows that QNT is getting ready to move to the upside as the coin hovers around the $146.4 level.
QNT/USD Long-term Trend: Bullish (1D Chart)
Key Levels:
Resistance levels: $180, $190, $200
Support levels: $120, $110, $100
QNT/USD is likely to cross above the 9-day moving average, and the coin could hit the $150 resistance level in the next positive movement. The coin may begin to move sideways as it tries to focus on the upside. Meanwhile, the Quant price is exchanging hands at $146.4, but it could probably touch the nearest resistance level of $150 if the bulls increase the pressure.
Quant Price Prediction: QNT Price Could Move Sideways
According to the daily chart, the Quant price is hovering within the 9-day and 21-day moving averages. Therefore, a break above this barrier could encourage more buyers to increase the buying pressure, which could push the price toward the resistance levels of $180, $190, and $200. On the downside, if the price breaks toward the lower boundary of the channel, sellers could gain traction with the next focus towards the nearest support at $135.
Moreover, if the lower boundary of the channel is broken, the downside pressure will increase while the next supports can be created around $120, $110, and $100 respectively. The technical indicator Relative Strength Index (14) is likely to remain above the 50-level, as the signal line moves in that direction.
QNT/USD Medium-term Trend: Ranging (4H Chart)
The Quant is moving to cross above the 9-day and 21-day moving averages as the coin continues to move sideways within the channel. However, a close above the resistance level of $150 will encourage the bulls to extend the rally toward the resistance level of $160 and above.
Therefore, any bearish drop below the lower boundary of the channel could reverse the market price, and a further bearish movement can locate the support level of $130 and below. Meanwhile, there is a possibility that the Quant will begin the upward movement if the technical indicator Relative Strength Index (14) stables above the 50-level.
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