Quant Price Prediction: QNT/USD Remain Lower as Price Ready to Press Higher
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Quant Price Prediction – March 7
The Quant price prediction shows that QNT would begin to form higher as the coin prepares to follow the bullish movement.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $150, $160, $170
Support levels: $100, $90, $80
QNT/USD keeps hovering below the 9-day and 21-day moving averages as the coin stays around the lower boundary of the channel. The Quant price is exchanging hands at $122.9 and it could slide below the lower boundary of the channel 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 9-day and 21-day moving averages if the bulls can defend the $122 support level. However, as soon as the coin begins to head to the upside, it could hit the potential resistance levels of $150, $160, and $170.
Meanwhile, this technical analysis may not play out if the sellers increase the selling pressure, crossing below the lower boundary of the channel will hit the support levels of $100, $90, and $80. However, the technical indicator Relative Strength Index (14) is likely to cross into the oversold region to prepare the coin for the bullish movement.
QNT/USD Medium-term Trend: Bearish (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.
Therefore, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $132 and above but the technical indicator Relative Strength Index (14) keeps hovering around the 40-level, suggesting a sideways movement. Moreover, should the bulls fail to move the current market value above, the bears could step into the market, and the nearest support level could be found at $115 and below.
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