Quant Price Prediction: QNT/USD Trades at $140 to Prepare for the Upside
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Quant Price Prediction – February 8
The Quant price prediction shows that QNT could give a remarkable improvement if it begins a new bullish movement.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $160, $170, $180
Support levels: $120, $110, $100
According to the daily chart, QNT/USD is preparing to move towards an upward formation after having a bearish session a few hours ago. The Quant price is currently moving to cross above the 9-day and 21-day moving averages as the signal line of the technical indicator Relative Strength Index (14) remains above the 50-level, which indicates that bullish movement may play out.
Quant Price Prediction: QNT Bulls Will Spike to the Upside
The Quant price is going to cross above the moving averages to head to the upside. Nonetheless, if the coin begins to follow the bullish trend, the bulls would push the price toward the resistance levels of $160, $170, and $180. In the continuation of the bearish movement, if the market price drops and crosses below the lower boundary of the channel, it could touch the support levels at $120, $110, and $100 respectively.
QNT/USD Medium-term Trend: Bearish (4H Chart)
QNT/USD is trading below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves below the 50-level which could introduce a bearish movement. Meanwhile, a possible drop below the lower boundary of the channel could surface if the price head to the south, any further bearish movement can bring the coin to the critical support level of $130 and below.
However, if the bulls push the coin higher, the Quant price will head toward the upper boundary of the channel. Once this comes to focus, the price would hit the resistance level of $150 and above. More so, the trading volume is coming up slowly and will begin to climb higher if the technical indicator moves to the positive side.
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