Quant Price Prediction: QNT/USD Fluctuates Below $120 Level
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Quant Price Prediction – December 11
The Quant price prediction shows that QNT may create a low at $115 if the price dips for new buyers to come to play.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $180, $200, $220
Support levels: $75, $55, $25
QNT/USD is currently trading at $118.89 within the 9-day and 21-day moving averages. The sellers are bringing the coin towards the south as this could allow the new buyers to step into the market while the existing buyers are expected to buy the dips.
Quant Price Prediction: QNT Price Retreats to Move Higher
Looking at the daily chart, the Quant price is still low for more buyers to enter the market. However, the coin could drop more as the technical indicator Relative Strength Index (14) remains below the 50-level. Meanwhile, the coin will experience new buyers coming into the market, but any further support could be located at $75, $55, and $25 respectively.
However, should the buyers hold the current level at $118 and push the coin higher; the bulls can expect immediate resistance to be located at $130. Any further bullish movement toward the upper boundary of the channel could hit the resistance level of $180, $200, and $220.
QNT/USD Medium-term Trend: Ranging (4-Hour Chart)
On the 4-hour chart, the Quant price remains below the 9-day and 21-day moving averages; this will allow new buyers to enter the market. Nevertheless, the existing buyers are also expected to buy the dip as the buyers gather momentum to begin a new bullish movement.
From above, if the buyers push the price above the 9-day and 21-day moving averages, the potential resistance level could be found above the moving averages at $120 and above. Moreover, should the coin slide below the lower boundary of the channel, another support may come at $110 and below while the Relative Strength Index (14) moves to cross below the 40-level.
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