Quant Price Prediction: QNT/USD Ready to Reclaim $125 Resistance
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Quant Price Prediction – March 11
As the Quant price prediction trades above $120, the bulls are ready to push the king coin to hit the resistance level of $130.
QNT/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $160, $170, $180
Support Levels: $90, $80, $70
QNT/USD will follow a bullish movement as the king coin get ready to cross above the 9-day and 21-day moving averages. At the beginning of today’s trading, the Quant price sees a steady rise towards the upside, and the Quant price hits the daily high at $125.49.
Quant Price Prediction: QNT Price Faces the Upside
The Quant price is seen retracing and trading below the 9-day and 21-day moving averages as the market price prepares to move to the upside. However, any bullish cross above the 21-day moving average will increase the current market value to reach the nearest resistance at $140. The buyers may locate the potential resistance levels at $160, $170, and $180 if the bulls put in more effort.
In the meantime, if the resistance level of $125 fails to hold, it may reverse and face the support level of $110, further increase in the bears’ pressure may bring down the price below the lower boundary of the channel, and this could cause the coin to hit the support levels at $90, $80, and $70 respectively. Moreover, the technical indicator Relative Strength Index (14) is moving in the same direction, suggesting sideways movement.
QNT/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-hour chart, the Quant price is hovering above the 9-day and 21-day moving averages at $117.6. The bulls can push the price above the upper boundary of the channel if they increase the buying pressure but any bearish movement below the moving averages could bring the coin to the support level of $105 and below.
Moreover, if the Quant price finds a decent resistance level at $125 level, the Quant price will head to the north, which could hit the resistance level of $135 and above. At the moment, the technical indicator Relative Strength Index (14) may continue to move sideways as the signal line moves within the 50-level.
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