Quant Price Prediction: QNT/USD Spikes to the Upside as Price Touches $132 Level
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Quant Price Prediction – March 5
The Quant price prediction shows that QNT will begin to face moderate volatility toward the upper boundary of the channel.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $155, $165, $175
Support levels: $105, $95, $85
QNT/USD is trading around the $130.5 level within the 9-day and 21-day moving averages as the coin moves toward the upper boundary of the channel. Meanwhile, should the Quant price slide to the south, the closest support could be located below the lower boundary of the channel but if the bullish movement increases, the nearest resistance level of $140 could be found.
Quant Price Prediction: QNT Price Ready for the Upside
The Quant price will begin to create bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line moves to cross above the 50-level.
At the moment, QNT/USD is moving moderately within the channel, but if the coin decides to cross below the lower boundary of the channel, it could touch the nearest support level of $110. On that note, any further bearish movement can hit the supports at $105, $95, and $85, while the potential resistance levels could be located at $155, $165, and $175 respectively.
QNT/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-hour chart, the Quant price could make a bullish cross above the upper boundary of the channel. However, crossing above this barrier could hit the nearest resistance at $135. Meanwhile, if the QNT price decides to slide below the 9-day and 21-day moving averages, it could head toward the lower boundary of the channel should the bears increase the selling pressure; QNT/USD could therefore hit the critical support at $120 and below.
Moreover, any bullish movement above the channel’s upper boundary may allow the coin to continue the uptrend, and QNT/BTC can hit the potential resistance level at $140 and above as the technical indicator Relative Strength Index (14) moves to cross above the 70-level.
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