Quant Price Prediction: QNT/USD Touches $195 Level; Buy Now
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Quant Price Prediction – October 19
After touching the daily high of $195, the Quant price retreats a little before creating another high above the channel.
QNT/USD Long-term Trend: Bullish (Daily Chart)
Key levels:
Resistance Levels: $255, $275, $295
Support Levels: $120, $100, $80
At the time of writing, QNT/USD is hovering around $178.2 as buying pressure cooled off a little. The market price could form a low at nearly $175 before heading to the upside. As of now, the Quant price stays above the 9-day and 21-day moving averages as the new buyers are expected to come into the market while the existing buyer is to buy the dips.
Quant Price Prediction: What to Expect from Quant (QNT)
The Quant price is presently correcting lower, and a decisive breakout below $175 support may intensify selling pressure. However, according to the chart, buyers and sellers were struggling with each other as the price is trading above the 9-day and 21-day moving averages. Should in case there is a breakout around the $180 level, the Quant price will increase to the resistance level at $190, which may increase to $200.
However, bulls need massive liquidity and volume to cross the $200 high and make a dash to the $220 level. The technical indicator Relative Strength Index (14) is seen moving below the 70-level from the overbought zone as the sharp downward slope is a clear indication of the influence, which may allow more investors to come into the market.
Meanwhile, a persistent trade above the upper boundary of the channel could technically push the coin to the resistance levels of $255, $275, and $295, while the supports lie at $120, $100, and $80.
QNT/USD Medium-Term Trend: Bullish (4H Chart)
Looking at the 4-Hour chart, Quant (QNT) has not yet slipped below the 9-day and 21-day moving averages but is in the loop of making a bounce back. The Quant price hovers above the moving averages and would trade above the resistance level of $200.
However, if the bulls energize the market, the price will hit the resistance level of $210 and above. In other words, if the bears hold the price and drag it downward, the support level of $150 and below may be visited as the RSI (14) remains below the 50-level, and more buyers are expected to come in.
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