Quant Price Prediction: QNT/USD Stays Below Range; Is this an Entry Point for Buyers?
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Quant Price Prediction – December 18
The Quant price prediction reveals that QNT will begin to form higher as the coin prepares for the bullish movement.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $185, $205, $225
Support levels: $50, $30, $10
QNT/USD is still hovering below the 9-day and 21-day moving averages, but it’s yet to get head to the upside. At the time of writing, the market price is hovering at $110.32 after touching the daily low of $108.20, and it could become lower to allow new investors to come into the market.
Quant Price Prediction: QNT/USD Will Retrace Back to the Top
The Quant price will make a retracement back above the 9-day and 21-day moving averages after the bulls defend the $108 support. However, the coin will begin to follow the upward movement by crossing above the moving average; any further bullish movement could push the coin towards the upper boundary of the channel which could hit the potential resistance levels of $185, $205, and $225 respectively.
On the contrary, the bullish movement could be delayed if the bears break below the lower boundary of the channel and fall to the support levels of $50, $30, and $10. Nevertheless, the technical indicator Relative Strength Index (14) moves around the 40-level, which could prepare the coin for the bullish movement in the next positive direction.
QNT/USD Medium-term Trend: Bearish (4H Chart)
Looking at the 4-hour chart, the Quant price is hovering within the 9-day and 21-day moving averages. The new buyers can come into the market while the existing buyers are to re-invest. However, the long-term moving averages will begin the bullish movement as the market prepares for a new trend.
Moreover, if the buyers push the price toward the north, it could reach a potential resistance level of $125 and above. At the moment, the technical indicator Relative Strength Index (14) is likely to cross above the 40-level, but if the bulls fail to move the current market value upward, the bears could bring the coin to the support level of $100 and below.
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