Quant Price Prediction: QNT/USD Could Spike Above $115 Resistance

Quant Price Prediction – January 6

The Quant price prediction will recover to the upside as the coin gets ready for a cross above the channel.

QNT/USD Medium-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $160, $180, $200

Support levels: $80, $60, $40

QNT/USD ranges as the coin stays above the 9-day and the 21-day moving averages. Meanwhile, the market can become lower for new and existing buyers to enter the market. Meanwhile, should bulls fail to push the price upward, the Quant price may continue with the sideways movement before heading to the upside.

Quant Price Prediction: QNT/USD Would Move Higher

The Quant price will break above the upper boundary of the channel as the bulls resume into the market. Any further bullish movement above this barrier will hit the potential resistance levels of $160, $180, and $200.

On the other hand, the upward movement may be delayed if the coin slide below the 9-day and 21-day moving averages which could touch the support levels of $80, $60, and $40 support levels. Moreover, the technical indicator Relative Strength Index (14) keeps moving around the 50-level to prepare for the upward movement.

QNT/USD Medium-term Trend: Ranging (4H Chart)

Looking at the 4-hour chart, the Quant moves to cross above the 9-day and 21-day moving averages as the bulls need to hijack the market from the bears and head towards the north to touch the major resistance level at $115. If the buyers push the price toward the upper boundary of the channel, crossing above this barrier could hit the resistance level at $120 and above.

Moreover, the technical indicator Relative Strength Index (14) moves below the 60-level, encouraging new and existing buyers to invest in the coin. Therefore, should the bulls fail to move the current market value above, the bears could revisit the market, and the nearest support level could be found at $105 and below.

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