Quant Price Prediction: QNT/USD Faces Fresh Support At $98.27
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Quant Price Prediction – November 3
The Quant price prediction shows QNT sliding toward the downside as the cryptocurrency touches the $95.46 low.
QNT/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $115, $117, $119
Support Levels: $82, $80, $78
QNT/USD is dropping with another loss of 1.13% today as the cryptocurrency falls beneath the $98 support level to reach the daily low at $95.46. However, the daily chart reveals that $98 is a very important area as it is expected to provide strong support for the coin.
Quant Price Prediction: Quant Price May Cross Below $95k
The Quant price begins to slide below the 9-day moving average at support provided by the trend line. A breakdown below the 21-day moving average could cause the Quant price to create a new low below the $96 level. However, the coin is currently in a critical position with the next few days dictating the direction that it will head to. A drop toward the lower boundary of the channel could be detrimental to Quant as it could lead the coin toward the supports at $82, $80, and $78.
Moreover, if the buyers can rebound from the current support level at $98.2, the first level of resistance could lie at $100. Above this, further resistance is expected at $105. This may likely be followed by the potential resistance at the $115, $117, and $119 levels. Therefore, if the coin can break above these levels, then the market may be on the verge of turning bullish in the long term.
QNT/USD Medium-Term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Quant price is seen hovering at $98.68 as the coin prepares to cross above the 9-day and 21-day moving averages. However, if the bulls decide to push the market price to the upside, the coin may likely hit the resistance at $110 and above.
Nevertheless, it now appears that the cryptocurrency is at risk of seeing further downside as the multiple attempts to shatter the daily low of $98.01 seem to indicate that bears are likely to build momentum. As the 9-day moving average remains below the 21-day moving average, the coin may locate critical support at $85 and below.
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