Quant Price Prediction: QNT/USD Trades Around $110 Level; Time to Buy
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Quant Price Prediction – November 12
The Quant price prediction reveals that QNT drops to the daily low of $106.9 as the price dips for new buyers to surface.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $200, $220, $240
Support levels: $50, $30, $10
QNT/USD is at the time of writing trading at $110.10 below the 9-day and 21-day moving averages. According to the chart, sellers are bringing the coin towards the south as this could allow the new buyers to step into the market while the existing buyers are expected to buy the dips.
Quant Price Prediction: QNT Price Retreats to Move Higher
Looking at the daily chart, the Quant price is now low for more buyers to enter the market. However, the coin can drop more as the technical indicator Relative Strength Index (14) reveals, but the crypto will expect more investors to come into the market, any further bearish movement could reach the supports at $50, $30, and $10.
Nevertheless, should the buyers hold the current market value and push the coin higher; the bulls can expect immediate resistance to be located at $130. Any further bullish movement toward the upper boundary of the channel could hit the resistance levels at $200, $220, and $230 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 still coming to play as new buyers are expected 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 moving averages; higher resistance could be found at $140 and above. On the contrary, should the coin retreats and slide below the lower boundary of the channel, support may come at $85 and below while the Relative Strength Index (14) remains below the 40-level.
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