Quant Price Prediction: QNT/USD Recovery Would Hit $175 Level
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Quant Price Prediction – October 31
The Quant price prediction shows that QNT will recover to the upside as the coin prepares for a cross above the moving averages.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $240, $260, $280
Support levels: $120, $100, $80
QNT/USD is ranging at the moment as the market price moves to reclaim the resistance level of $175 above the 9-day and 21-day moving averages. On the contrary, the market can become cheaper for new and existing buyers to enter the market but 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
According to the daily chart, the Quant price will break towards the upper boundary of the channel if the bulls defend the $160 support level. However, any further bullish movement above the moving averages can push the price to the potential resistance levels of $240, $260, and $280 respectively.
Meanwhile, the upward movement can be delayed if the bears bring the market price below the channel’s lower boundary and could touch the low of $120, $100, and $80 support levels. The technical indicator Relative Strength Index (14) is moving in the same direction above the 50-level, preparing the market for 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 still cheap as the major support level could be located at $164. However, if the buyers push the price above the 9-day and 21-day moving averages, higher resistance could be located at $185 and above.
The technical indicator Relative Strength Index (14) will move to cross above the 50-level, indicating that bullish signals are coming to play. Moreover, should the bulls fail to push the current market value above the moving averages, the bears can revisit the market, and the nearest support level could be found at $150 and below so that the existing buyers can buy the dips and the new buyers are expected to come into the market.
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