Quant Price Prediction: QNT/USD Range-bounds as More Buyers Are Expected
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Quant Price Prediction – October 23
The Quant price prediction shows that QNT will recover to the upside as the coin remains within the moving averages.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $230, $250, $270
Support levels: $135, $115, $95
QNT/USD is ranging at the moment as the market price is ready to reclaim the resistance level of $200 above the 9-day moving average. Meanwhile, the market will become cheaper for new and existing buyers to enter the market. However, should the bulls fail to push the price upward, the Quant price may continue sideways before gaining the upside.
Quant Price Prediction: QNT/USD Would Move Higher
As revealed by the chart, the Quant price would break towards the upper boundary of the channel if the bulls defend the $170 support level. However, any further bullish movement above the upper boundary of the channel will push the price to the potential resistance levels of $230, $250, and $270.
Nevertheless, the upward movement may be delayed if the bears bring the market price below the 21-day moving average, crossing below the lower boundary of the channel and could touch the low of $135, $115, and $95 support levels. More so, the technical indicator Relative Strength Index (14) slides below the 60-level to prepare the market for the upward movement.
QNT/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-chart, the Quant price is still consolidating within the channel. The coin is becoming cheap as the closest support level could be located at $170. However, if the buyers push the price above the resistance level of $200, higher resistance could be located at $215 and above.
Moreover, the technical indicator Relative Strength Index (14) moves to cross below the 50-level, indicating that bearish signals are still in play. Moreover, should the bulls fail to keep the current market value above the moving averages, the bears can increase the selling pressure, and the nearest support level could be found at $150 and below for the existing buyers to buy the dips as the new buyers are expected to come into the market.
Place winning Quant trades with us. Get QNT here
