Quant Price Prediction: QNT/USD Heads Toward $120 Resistance
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Quant Price Prediction – April 28
The Quant price prediction is moving towards the upper boundary of the channel for the confirmation of the bullish movement.
QNT/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $130, $135, $140
Support levels: $100, $95, $90
QNT/USD is trading within the 9-day and 21-day moving averages as the coin moves to the positive side. Looking at the daily chart, the Quant price faces the upside as traders anticipate the current price movement indicating the upcoming price rally in the market.
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 60-level.
At the moment, QNT/USD is moving moderately within the channel, but if the coin faces the lower boundary of the channel, it could touch the nearest support level of $110. On that note, any further bearish movement can hit the supports at $107, $105, and $102, while the potential resistance levels could be located at $120, $122, and $124 respectively.
QNT/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-hour chart, the Quant price could make a bullish cross above the upper boundary of the channel. However, crossing above this barrier could hit the nearest resistance at $115. Meanwhile, if the QNT price slides below the moving averages, it could head toward the lower boundary of the channel which may increase the selling pressure. Moreover, if the coin crosses below the support level of $100, QNT/USD could therefore hit the critical support at $107 and below.
Nevertheless, any bullish movement above the upper boundary of the channel may confirm the upward movement for the coin, and it can reach the potential resistance level of $120 and above while the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
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