Quant Price Prediction: QNT/USD Trades Near $140 High; Price Ready for the North?
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Quant Price Prediction – February 7
The Quant price prediction reveals that QNT drops to the daily low of $135.8 as the price dips for new buyers to surface.
QNT/USD Medium-term Trend: Bullish (1D Chart)
Key Levels:
Resistance levels: $160, $170, $180
Support levels: $120, $110, $100
QNT/USD is trading at $137 hovering below the 9-day and 21-day moving averages. According to the daily chart, sellers are pushing the coin towards the north 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 Could Retreat 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 above the 50-level. Moreover, the existing buyers are expected to come into the market and any further bearish movement toward the lower boundary of the channel could locate supports at $120, $110, and $100.
Moreover, should the buyers hold the current support of $135.5, pushing it higher can hit the previous resistance level of $138; however, any further bullish movement above the upper boundary of the channel will locate the resistance levels at $160, $170, and $180.
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 above the upper boundary of the channel at $150 and above. Nonetheless, should the coin retreat and slide toward the lower boundary of the channel, critical support can come at $130 and below. At the same time, the Relative Strength Index (14) stays above the 40-level, suggesting that buyers may come into focus.
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