Quant Price Prediction: QNT/USD Trades Near $111 Low; Price Ready for the North?
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Quant Price Prediction – January 8
The Quant price prediction reveals that QNT drops to touch the daily low of $111.4 as the price dips for new buyers to surface.
QNT/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $135, $145, $155
Support levels: $95, $85, $75
QNT/USD is trading at $113 hovering above the 9-day and 21-day moving averages. According to the daily chart, sellers are pushing the Quant price towards the south as this could allow new buyers to step into the market while the existing buyers are expected to buy more.
Quant Price Prediction: QNT Price Retreats to Move Higher
The Quant price is inexpensive for more buyers to come into the market. However, the coin can drop more as the technical indicator Relative Strength Index (14) moves to cross below the 9-day and 21-day moving averages. Meanwhile, the existing buyers are expected to buy the dips and any further bearish movement below the lower boundary of the channel could locate supports at $95, $85, and $75.
Moreover, should the buyers hold the current support of $111.4, pushing it higher can hit the previous resistance level of $114. However, any further bullish movement above the 9upper boundary of the channel will locate the resistance levels at $135, $145, and $155.
QNT/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the Quant price remains below the 9-day and 21-day moving averages, expecting new buyers to enter the market. Similarly, the existing buyers are to invest more as the coin could slide a little.
From the upside, if the buyers push the price above the moving averages; higher resistance could be found towards the upper boundary of the channel at $118 and above. But, should the coin retreat and slide below the lower boundary of the channel, critical support can come at $108 and below, while the Relative Strength Index (14) stays above the 50-level, suggesting that buyers may come into focus.
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