Quant Price Prediction: QNT/USD Trades Around $106.5; Good Time to Buy
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Quant Price Prediction – May 15
The Quant price prediction reveals that QNT drops to touch the daily low of $106.1 as the price dips for new buyers to surface.
QNT/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $125, $135, $145
Support levels: $90, $80, $70
QNT/USD is at the time of writing trading at $106.5 aiming to cross above the 21-day moving average. According to the chart, sellers are making an effort in bringing the Quant (QNT) toward the south and this could allow new buyers to step into the market while the existing buyers are expected to buy the dips.
Quant Price Prediction: QNT Price Could Retreat to Move Higher
The Quant price at the time of writing becomes cheap for more buyers to come into the market. However, the coin can drop more as the technical indicator Relative Strength Index (14) reveals, but the market will expect move investors to come into the market, any further supports could be located at $90, $80, and $70.
Moreover, should the buyers hold the current support of $106 and push the coin higher; the bulls can expect immediate resistance to be located at $115. Any further bullish movement above the upper boundary of the channel will hit the resistance level of $125, $135, and $145 respectively.
QNT/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Quant price remains below the 9-day and 21-day moving averages; this is the best opportunity for new buyers to enter the market. Similarly, the existing buyers are also expected to buy the dip as the market gathers momentum to begin another bullish movement.
From above, if the buyers push the price above the upper boundary of the channel; higher resistance could be found at $113 and above. Moreover, should the coin retreat and slide toward the lower boundary of the channel, support may come at $100 and below, while the Relative Strength Index (14) slides below the 50-level to prepare the coin for the upside.
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