Quant Price Prediction: QNT/USD Trades Around $116.9 Level
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Quant Price Prediction – November 16
The Quant price prediction shows that QNT is yet to display significant bullish moves as the market may move sideways before moving higher.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $180, $200, $220
Support levels: $70, $50, $30
QNT/USD is trading within the 9-day and 21-day moving averages as the price touches the resistance level of $123.3. The Quant price is moving sideways while the coin is getting ready for the upside. Meanwhile, QNT/USD remains in an unstable market as a price surge is more likely to play out.
Quant Price Prediction: QNT Price Would Surge to the Upside
The Quant price remains intact, and for an upsurge to play out, QNT/USD needs to cross above the 21-day moving average, which may cause the coin to hit the nearest resistance levels at $180, $200, and $220 before traders can consider additional level for the trade.
On the contrary, a down surge below the lower boundary of the channel could bring the market to the support levels at $70, $50, and $30. Meanwhile, the technical indicator shows that the Relative Strength Index (14) could move in the same direction around the 40-level, showing a sideways movement.
QNT/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Quant is currently changing hands at $116.7 within the 9-day and 21-day moving averages. If the bulls can hijack the price and push it above the upper boundary of the channel, the next key resistance level could be at $130. Reaching this level could move the coin to $140 and above. However, the Relative Strength Index (14) is crossing above the 50-level, suggesting a bullish movement.
However, if the bulls fail to get the price to the nearest resistance level of $120 above the channel, the market may head to the south, and the Quant price is likely to see a sharp drop towards the lower boundary of the channel. Any further bearish movement within the market could hit the support level of $100 and below.
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