Quant Price Prediction: QNT/USD Slides Below $130 Level; Price Could Rebound
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Quant Price Prediction – February 27
The Quant price prediction is likely to create a low at $125 if the price dips more for new buyers to surface.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $160, $170, $180
Support levels: $100, $90, $80
QNT/USD is at the moment trading at $129 as the coin moves below the 9-day and 21-day moving averages. The daily chart reveals that the sellers are bringing the coin towards the south and this could allow the new buyers to step into the market while the existing buyers are expected to buy the dips.
Quant Price Prediction: QNT/USD Could Retreat to Move Higher
Looking at the daily chart, the Quant price is becoming cheap for more buyers to enter the market. Therefore, the coin could drop more if the technical indicator Relative Strength Index (14) moves to cross below the 40-level. In other words, the Quant price can experience new buyers coming into the market, but any further supports could be located at $100, $90, and $80 respectively.
Nonetheless, if the buyers should hold the current support at $127 and push the coin higher; the bulls can expect immediate resistance to be located at $140. Any further bullish movement toward the upper boundary of the channel can locate the resistance levels at $160, $170, and $180.
QNT/USD Medium-term Trend: Bearish (4-Hour Chart)
On the 4-hour chart, the Quant price remains below the 9-day and 21-day moving averages; this could allow new buyers to enter the market. Meanwhile, the existing buyers are expected to buy the dip as the bulls gather momentum to begin a new upward movement.
From the upside, if the buyers push the market price toward the upper boundary of the channel, the potential resistance level could be found at $140 and above. Moreover, should the coin slide below the lower boundary of the channel, a critical support level could come at $120 and below while the Relative Strength Index (14) keeps moving below the 40-level, suggesting sideways movement.
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