Quant Price Prediction: QNT/USD Trades Bullishly Above $117 Level
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Quant Price Prediction – December 12
The Quant price prediction is consolidating, if the bulls increase their momentum, the price will shoot higher.
QNT/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $200, $220, $240
Support levels: $60, $40, $20
QNT/USD is ready for the upside as the coin prepares for a recovery above the 9-day and 21-day moving averages. If the bulls increase their momentum and penetrate the resistance level at $125, the price will shoot higher and move toward the upper boundary of the channel.
Quant Price Prediction: QNT Price Will Spike to the Upside
According to the daily chart, if the Quant price can experience an increasing volume coupled with a bullish regroup, it will begin to correct gain significantly on the upside. On the contrary, the bears could become severe with more losses for the new buyers to enter as the next support levels could be located at $60, $40, and $20 respectively.
In the meantime, the Quant price will continue to move to the upside as the coin aims to hit the nearest resistance level of $150, any further bullish movement could hit the potential resistance levels at $200, $220, and $240. Meanwhile, the technical indicator Relative Strength index (14) is moving to cross above the 50-level, suggesting bullish movement for the coin.
QNT/USD Medium-term Trend: Ranging (4H Chart)
The Quant (QNT) is trading above the 9-day and 21-day moving averages according to the chart, the coin will create additional gains should it touch the resistance level of $130. Therefore, if the price breaks above the upper boundary of the channel, the market may experience an upward trend and could touch the resistance level at $135 and above.
Meanwhile, QNT/USD is likely to retreat a little bit, if the coin breaks below the lower boundary of the channel; it could hit the support at $110 and below. However, the technical indicator Relative Strength Index (14) is seen moving to cross above the 60-level, suggesting bullish movement.
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