Quant Price Prediction: QNT/USD Hovers Around $131.39; Prepares for the North
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Quant Price Prediction – February 25
The Quant price prediction reveals that QNT drops to touch the daily low of $129.62 as the price dips for new buyers to surface.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $160, $170, $180
Support levels: $110, $100, $90
QNT/USD is at the time of writing trading at $131.39 staying below the 9-day and 21-day moving averages. According to the chart, 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 Could Retreat to Move Higher
The Quant price is likely to drop further and it could become cheap for more buyers to come into the market. However, the technical indicator Relative Strength Index (14) reveals that the market will expect move investors to come into the market as the signal line moves in the same direction. If the price drops more, it could hit the critical supports at $110, $100, and $90.
Moreover, should buyers hold the current support of $129 and push the coin higher; the bulls can expect immediate resistance to be located at $140. Any further bullish movement above the 9-day and 21-day moving averages will hit the resistance level of $160, $170, and $180 respectively.
QNT/USD Medium-term Trend: ranging (4H Chart)
On the 4-hour chart, the Quant price remains below the 9-day and 21-day moving averages; this could be the best opportunity for new buyers to enter the market. Similarly, the existing buyers are expected to buy the dip as the market gathers momentum to begin another bullish movement.
Looking at it from above, if buyers push the price above the moving averages; higher resistance could be found at $145 and above. Moreover, should the coin retreat and slide below the lower boundary of the channel, support may come at $120 and below, while the Relative Strength Index (14) stays below the 40-level.
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