Quant Price Prediction: QNT/USD Trades at $105; Ready to Press Higher
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Quant Price Prediction – May 9
The Quant price prediction shows that QNT will begin to form higher as the coin prepares to follow the bullish movement.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $140, $150, $160
Support levels: $80, $70, $60
QNT/USD is sliding below the 9-day moving average as the coin heads toward the channel’s lower boundary. The market price is hovering at $105 and the Quant price may retreat more to allow new investors to come into focus.
Quant Price Prediction: QNT/USD Will Break to the Upside
The Quant price would begin to rise and break above the 9-day and 21-day moving averages if the bulls can defend the $100 support level. However, any further bullish cross above the 9-day and 21-day moving averages may push the coin to the potential resistance levels of $140, $150, and $160.
Nevertheless, this technical analysis may not play out now if the sellers increase the selling pressure. Crossing below the channel’s lower boundary could hit the support levels of $80, $70, and $60. Moreover, the technical indicator Relative Strength Index (14) remains below the 60-level to prepare the coin for the bullish movement. Meanwhile, this could be the best time for old and new buyers to enter the market.
QNT/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the Quant price would move up higher if the coin crosses above the 9-day and 21-day moving averages. However, the long-term moving averages will begin the bullish movement as the market prepares for a new trend.
However, if the buyers push the price above the moving averages, higher resistance could be reached at $113 and above while the technical indicator Relative Strength Index (14) remains below the 40-level which could increase the bearish movement. Moreover, should the bulls fail to move above the current market value, bears may increase the selling pressure, and the nearest support level could be $97 and below.
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