Quant Price Prediction: QNT/USD Ranges; More Buyers Are Expected
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Quant Price Prediction – November 16
The Quant price prediction will recover to the upside if the coin remains above the 9-day moving average, aiming to head to the upside.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $180, $200, $220
Support levels: $75, $55, $35
QNT/USD is heading to the upside as the market price remains within the 9-day and the 21-day moving averages. However, the market has become cheaper so therefore, the new and existing buyers are expected to enter the market. Meanwhile, should the bulls fail to push the price upward, the Quant price may move sideways before creating additional upsides.
Quant Price Prediction: QNT/USD Could Shoot to the Upside
The Quant price would break above the 9-day and 21-day moving averages if the bulls can defend the current market value of $118.7 level. Consequently, any bullish movement above the moving averages will push the price to the potential resistance levels of $180, $200, and $220.
Moreover, the upward movement may be delayed if the coin crosses below the channel’s lower boundary. Therefore, any further bearish trend could touch the support levels of $75, $55, and $35. More so, the technical indicator Relative Strength Index (14) is showing the possible movement as the signal line moves to cross above the 40-level.
QNT/USD Medium-term Trend: Bullish (4H Chart)
Looking at the chart, the Quant price keeps hovering within the 9-day and 21-day moving averages as any bullish movement toward the upper boundary of the channel could hit the significant resistance level at $120. However, if the buyers push the price above this level, higher resistance could be located at $150 and above.
Moreover, the technical indicator Relative Strength Index (14) is heading to the east, indicating that the market could move sideways. Therefore, should the bulls fail to move the current market value to the upside, the bears may step back into the market, and the nearest support level could be found at $100 and below.
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