Quant Price Prediction: QNT/USD Nosedives as Price Ready to Press Higher
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Quant Price Prediction – June 5
The Quant price prediction shows that QNT would begin to form higher as the coin prepares to follow the bullish movement.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $130, $135, $140
Support levels: $100, $95, $90
QNT/USD is sliding below the 9-day moving average as the coin heads toward the upper boundary of the channel. The market price is hovering at $114.69 and the Quant price may retreat more to allow new investors to come into focus.
Quant Price Prediction: QNT/USD May Break to the Upside
The Quant price would begin to rise and break above the upper boundary of the channel if the bulls can defend the $105 support level. However, any further bullish cross above the channel may push the coin to the potential resistance levels of $130, $135, and $140.
Meanwhile, this technical analysis may not play out now if the sellers increase the selling pressure, crossing below the lower boundary of the channel could hit the support levels of $100, $95, and $90. Moreover, the technical indicator Relative Strength Index (14) is crossing below the 60-level to prepare the coin for the bullish movement.
QNT/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the Quant price would move up higher if the coin crosses above the 9-day and 21-day moving averages. However, the long-term moving averages will begin the bullish movement as the market prepares for a new trend.
However, if the buyers push the price above the upper boundary of the channel, higher resistance could be reached at $125 and above while the technical indicator Relative Strength Index (14) moves to cross above the 50-level to increase the bearish movement. Moreover, should the bulls fail to move the current market value above, the bears could increase the selling pressure, and the nearest support level could be located at $105 and below.
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