Quant Price Prediction: QNT/USD Moves Toward $130 Resistance
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Quant Price Prediction – June 2
The Quant price prediction shows that QNT is heading toward the upside as the coin hovers around the $119.5 level.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $135, $140, $145
Support levels: $105, $100, $95
QNT/USD is trading above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. However, the coin could hit the $120 resistance level if the bulls increase the pressure. Moreover, as the Quant price trades at $119.5, it could probably revisit the support at $114 before heading to the upside.
Quant Price Prediction: QNT Price Could Gain More
According to the daily chart, the Quant price is hovering above the 9-day and 21-day moving averages. Therefore, a break above the upper boundary of the channel could encourage more buyers into the market, and this could push the price toward the resistance levels of $135, $140, and $145. On the downside, if the price breaks below the 9-day and 21-day moving averages, it could face the lower boundary of the channel, and sellers could gain traction with the next focus toward the nearest support at $110.
Therefore, if the above support level is broken, the downside pressure will increase while the next supports can be created around $105, $100, and $95 respectively. The technical indicator Relative Strength Index (14) is likely to cross above the 50-level, as the signal line moves in that direction.
QNT/USD Medium-term Trend: Bullish (4H Chart)
According to the 4-hour chart, the Quant price is hovering above the 9-day and 21-day moving averages but it could move sideways before heading to the upside. However, a close above the resistance level of $120 will encourage the bulls to extend the rally toward the resistance level of $127 and above.
On the contrary, any bearish drop toward the lower boundary of the channel could reverse the price of Quant, and a further bearish movement can locate the support level of $113 and below as the technical indicator Relative Strength Index (14) moves around the 68-level.
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