Quant Price Prediction: QNT/USD Sets to Touch the $120 Resistance
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Quant Price Prediction – November 30
The Quant price prediction shows that QNT is getting ready to move to the upside as the coin hovers around the $117.90 level.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $180, $200, $220
Support levels: $65, $45, $25
QNT/USD is crossing above the 9-day and 21-day moving averages, and the coin could hit the $120 resistance level in the next positive movement. The coin will continue to move sideways as it tries to focus on the upside. However, the Quant price is currently trading at $117.90, but it could probably retest below this level before heading 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 positive break towards the upper boundary of the channel will encourage more buyers to increase the buying pressure, which could touch the resistance levels of $180, $200, and $220. On the downside, if the price breaks below the lower boundary of the channel, sellers could gain traction with the next focus towards the nearest support at $100.
Moreover, if the support level of $80 is broken, the downside pressure will increase while the next supports can be created around $65, $45, and $25 respectively. The technical indicator Relative Strength Index (14) is moving to cross above the 50-level, as the signal line moves in that direction.
QNT/USD Medium-term Trend: Ranging (4H Chart)
The Quant price is moving above the 9-day and 21-day moving averages as the coin heads to the north. However, a close above the resistance level of $120 will encourage the bulls to extend the rally toward the resistance level of $135 and above.
In other words, any bearish drop below the lower boundary of the channel could reverse the QNT price, and a further bearish movement can locate the support level of $105 and below. Meanwhile, there is a possibility that the Quant price will continue the upward movement if the technical indicator Relative Strength Index (14) remains above the 50-level.
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