QNT/USD Price Prediction: Quant Gets Ready for Upside Spike
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Quant Price Prediction – December 16
The Quant price prediction shows that QNT will begin to face moderate volatility towards the upper boundary of the channel.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $200, $220, $240
Support levels: $60, $40, $20
QNT/USD is trading around the $120.87 level below the 9-day and 21-day moving averages. As the Quant price consolidates within the channel, the closest support could be located below the lower boundary of the channel. Meanwhile, if the bullish movement increases, the nearest resistance level of $130 could be found.
Quant Price Prediction: QNT Price Ready for the Upside
The Quant price will begin to create bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line moves to cross above the 50-level.
At the moment, QNT/USD is moving moderately within the channel, but if the coin decides to cross below the lower boundary of the channel, it could touch the nearest support level of $100. On that note, any further bearish movement can hit the supports at $60, $40, and $20, while the potential resistance levels could be located at $200, $220, and $240 respectively.
QNT/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the Quant price could make a bullish cross above the 9-day and 21-day moving averages. However, crossing above this barrier could hit the nearest resistance at $130. Meanwhile, if the QNT price decides to stay under the moving averages, it could go towards the channel’s lower boundary should the bears increase the selling pressure; QNT/USD could therefore hit the critical support at $115 and below.
Moreover, any bullish movement above the upper boundary of the channel may allow the coin to begin a new uptrend, and this can reach the potential resistance level at $130 and above as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.
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