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Quant Price Prediction: QNT/USD Targets $160 Resistance

January 24, 2023

#QNT#QNTUSD#Quant#Technical Analysis

Quant Price Prediction – January 24

The Quant price prediction shows that QNT will move to the upside as the coin touches the daily high at the $159 level.

QNT/USD Long-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $185, $195, $205

Support levels: $120, $100, $80

QNT/USD will hit the $160 resistance level in the next positive movement as the difficult time seems to be fading out for the coin. The Quant price is currently trading at $158.43, as the coin moves to cross above the upper boundary of the channel; it could probably touch the resistance level of $160 to move higher.

Quant Price Prediction: QNT Price Will Spike to the Upside

The Quant price is seen hovering above the 9-day and 21-day moving averages. A break above the upper boundary of the channel could encourage more buyers to increase the buying pressure, and the coin could hit the resistance levels of 185, $195, and $205. On the contrary, if the price breaks below the 9-day moving average, the sell-off could gain traction with the next focus toward the lower boundary of the channel.

Moreover, if the support level of $140 is broken, the downside pressure may increase while the next supports may be created around $120, $100, and $80 respectively as buyers are expected to buy the dip. However, the technical indicator Relative Strength Index (14) remains within the overbought region to gain additional bullish signals.

QNT/USD Medium-term Trend: Bullish (4H Chart)

On the 4-hour chart, the Quant price is hovering above the 9-day and 21-day moving averages to confirm the bullish movement. However, if the coin faces the upside and crosses above the upper boundary of the channel, this will encourage the bulls to extend the rally toward the resistance level of $180 and above.

QNTUSD – 4-Hour Chart

Meanwhile, any further bearish movement below the lower boundary of the channel could bring the coin to the support level of $140 and below. However, there is a possibility that the Quant will retreat before moving to the upside while the technical indicator Relative Strength Index (14) could slide below the 70-level, but the coin is currently following the bullish movement.

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