Quant Price Prediction: QNT/USD Sets to Touch $130 Resistance
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Quant Price Prediction – March 29
The Quant price prediction shows that QNT is moving to the upside as the coin hovers around the $127.3 level.
QNT/USD Long-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $140, $150, $160
Support levels: $110, $100, $90
QNT/USD is likely to cross above the upper boundary of the channel, and the coin could hit the $130 resistance level in the next positive movement. The coin may continue to move to the upside as it tries to stay above the 9-day and 21-day moving averages. However, the QNT price is currently trading at $127.39, but it could probably retest below this level again before it heads to the upside.
Quant Price Prediction: QNT Price Could Move Sideways
According to the daily chart, the Quant price is hovering above the 9-day and 21-day moving averages. Therefore, a break above the channel could encourage more buyers to increase the buying pressure, which could push the price toward the resistance levels of $140, $150, and $160. On the downside, if the price slide toward the lower boundary of the channel, sellers could gain traction with the next focus towards the nearest support at $120.
Moreover, if the support level of $115 is broken, the downside pressure will increase while the next supports can be created around $110, $100, and $90 respectively. The technical indicator Relative Strength Index (14) is likely to remain above the 50-level, as the signal line moves in that direction.
QNT/USD Medium-term Trend: Ranging (4H Chart)
On the 4-hour chart, the Quant price is moving to cross above the upper boundary of the channel as the coin faces the north. However, a close above the resistance level of $130 will encourage the bulls to extend the rally toward the resistance level of $135 and above.
On the contrary, any bearish drop below the 9-day and 21-day moving averages could reverse the QNT price, and a further bearish movement can locate the support level of $120 and below. Meanwhile, there is a possibility that the Quant will continue the upward movement as the technical indicator Relative Strength Index (14) moves above the 60-level.
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