Quant Price Prediction: QNT/USD Gets Set For A Cross Above $130
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Quant Price Prediction – March 21
The Quant price prediction shows that QNT is getting ready to move to the upside as the coin hovers around the $129.5 level.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $150, $155, $160
Support levels: $110, $105, $100
QNT/USD is hovering above the 9-day ad 21-day moving averages, and the coin could hit the $130 resistance level in the next positive movement. The Quant price may continue to follow the bullish movement if the market price crosses above the upper boundary of the channel. However, QNT/USD is currently trading at $129.5, but it could probably retest below the $125 level again before it heads to the upside.
Quant Price Prediction: QNT Price Will Move Bullishly
Looking at the daily chart, the Quant price is moving to cross above the upper boundary of the channel. Therefore, a break above the channel could encourage more buyers to increase the buying pressure, which could push the price to the resistance levels of $150, $155, and $160. On the downside, if the price breaks below the 9-day and 21-day moving averages, sellers could gain traction with the next focus toward the nearest support at $125.
Moreover, if the support level of $120 is broken, the downside pressure may increase while the next supports can be created around $110, $105, and $100 respectively. The technical indicator Relative Strength Index (14) is likely to keep moving above the 50-level, while the signal line moves to the north.
QNT/USD Medium-term Trend: Bullish (4H Chart)
The Quant is moving in the same direction within the 9-day and 21-day moving averages as the coin prepares for the next bullish spike. However, a close above the resistance level of $130 will encourage the bulls to extend the rally toward the resistance level of $140 and above.
Therefore, any bearish drop below the lower boundary of the channel could reverse the Quant price, and a further bearish movement can locate the support level of $120 and below. Meanwhile, there is a possibility that the Quant will continue the upward movement if the technical indicator Relative Strength Index (14) heads toward the 60-level.
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