Quant Price Prediction: QNT/USD Keeps Falling Below $120 Level
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Quant Price Prediction – November 19
The Quant price prediction is likely to create a low at $110 if the price dips more for new buyers to surface.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $185, $205, $225
Support levels: $65, $45, $25
QNT/USD is currently trading at $114.6 within the 9-day and 21-day moving averages. The daily chart reveals that 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 Could Retreat to Move Higher
Looking at the daily chart, the Quant price is now low for more buyers to enter the market. However, the coin will drop more as the technical indicator Relative Strength Index (14) moves to cross below the 40-level. Meanwhile, the Quant price will experience new buyers coming into the market, but any further supports could be located at $65, $45, and $25 respectively.
However, should buyers hold the current support of $113.3 and push the coin higher; the bulls can expect immediate resistance to be located at $140. Any further bullish movement toward the upper boundary of the channel could hit the resistance levels at $185, $205, and $225.
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 upper boundary of the channel, the potential resistance level could be found at $145 and above. Moreover, should the coin slide towards the lower boundary of the channel, another support may come at $95 and below while the Relative Strength Index (14) keeps moving below the 50-level, suggesting sideways movement.
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