Quant Price Prediction: QNT/USD Trades Around $115.7; Ready for the North?
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Quant Price Prediction – May 31
The Quant price prediction reveals that QNT drops to touch the daily low of $113.63 as the price dips for new buyers to surface.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $130, $135, $140
Support levels: $100, $95, $90
QNT/USD is trading at $115.79 above the 9-day and 21-day moving averages. According to the daily chart, sellers are bringing the coin toward the south as 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 is likely to drop further and it could become cheap for more buyers to come into the market. However, the technical indicator Relative Strength Index (14) reveals that the market will expect move investors to come into the market as the signal line crosses above the 40-level. If the price drops more, it could hit the critical supports at $100, $95, and $90.
Moreover, should buyers hold the current market value at $115.79 and push the coin higher; the bulls can expect immediate resistance to be located at $120. Any further bullish movement above the 9-day and 21-day moving averages will hit the resistance level of $130, $135, and $140 respectively.
QNT/USD Medium-term Trend: Bullish (4H Chart)
On the 4-hour chart, the Quant price keeps hovering above the 9-day and 21-day moving averages; this could be the best opportunity for new buyers to enter the market to gain more. Similarly, the existing buyers are expected to reinvest as the market moves to cross above the upper boundary of the channel.
From above, if the buyers push the price above the channel; higher resistance could be found at $127 and above. Meanwhile, should the coin retreat and slide below the 9-day and 21-day moving averages, support may come at $106 and below, while the Relative Strength Index (14) stays above the 60-level.
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