Quant Price Prediction: QNT/USD Shoots Near $165 Resistance
Estimated Reading Time: 2 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Quant Price Prediction – November 4
As the daily chart reveals, the Quant price is trading near the resistance level of $165 as the recovery comes slowly.
QNT/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $215, $225, $235
Support Levels: $120, $110, $100
At the time of writing, QNT/USD is seen trading at $163.8 as the coin heads toward the 9-day and 21-day moving averages. The Quant price will create additional gains if the bulls increase the buying pressure within the market.
Quant Price Prediction: Quant (QNT) May Range-bound
On the bullish side, the Quant price needs to cross above the 9-day and 21-day moving averages, otherwise, there may come a bearish breakdown when QNT/USD remains below that barrier. The 9-day MA and the 21-day MA are going to cross each other as the technical indicator Relative Strength Index (14) is sending moderate signs where the signal line moves to cross above the 50-level.
However, QNT/USD will confirm the bullish trend if the market price moves above $165. Meanwhile, the Quant price may follow the bearish trend if the price retreats below the moving averages and face the lower boundary of the channel. Should this happen, the Quant price can drop to the critical supports of $120, $110, and $100. Otherwise, a strong bullish spike may push the price toward the resistance levels of $215, $225, and $235.
QNT/USD Medium-Term Trend: Bearish (4H Chart)
Looking at the 4-hour chart, the Quant price is currently above the 9-day and 21-day moving averages. If the price continues to rise further and crosses above the upper boundary of the channel, it could reach the nearest resistance level at $175 and above.
On the contrary, if the bears bring the coin below the moving averages, the price of Quant could reach the closest supports at $155 and below. Presently, the technical indicator Relative Strength Index (14) is seen moving towards the 60-level, crossing above it will confirm the bullish trend for the market.
Place winning Quant trades with us. Get QNT here
