Quant Price Prediction: QNT/USD Swings Above $120 Resistance
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Quant Price Prediction – March 28
The Quant price prediction shows that QNT may restart the uptrend after touching the daily high of $122.23.
QNT/USD Long-term Trend: Ranging (Daily Chart)
Key levels:
Resistance Levels: $140, $150, $160
Support Levels: $100, $90, $80
QNT/USD looks green today as the price moves to cross above the 9-day and 21-day moving averages. However, a bullish cross toward the upper boundary of the channel may increase the Quant price to the resistance level of $130. Nevertheless, traders should note that a consistent price increase could bring more buyers into the market as bulls increase their positions.
Quant Price Prediction: Price Will Initiate a Price Hike
According to the daily chart, after the Quant price touches the daily high of $122.23, the crypto is now looking forward to touching another resistance level of $125. Therefore, if the red line of the 9-day moving average remains above the green line of the 21-day moving average, this will keep the coin on the positive side.
In other words, bears may keep the market price below the moving averages if the bulls fail to push it to the upside. Meanwhile, the technical indicator Relative Strength Index (14) is hovering above the 40-level which could take the coin to the resistance levels of $140, $150, and $160 but if the market price retreats and move towards the lower boundary of the channel, it may bring the price to the supports at $100, $90, and $80.
QNT/USD Medium-term Trend: Bearish (4H Chart)
According to the 4-hour chart, the Quant price is exchanging hands above the 9-day and 21-day moving averages as the coin could move below the lower boundary of the channel to reach the support level of $113 and below.
On the other hand, if the buyers push the market price upward, traders can expect a rise toward the upper boundary of the channel, and breaking above this barrier could take the price to hit the resistance level of $130 and above. Meanwhile, the technical indicator Relative Strength Index (14) is moving below the 50-level, suggesting preparation for the bullish movement.
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