Quant Price Prediction: QNT/USD Turns Lower; Ready to Press Higher
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Quant Price Prediction – December 17
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: Bearish (1D Chart)
Key Levels:
Resistance levels: $175, $185, $205
Support levels: $53, $43, $33
QNT/USD is sliding below the 9-day and 21-day moving averages as the coin heads toward the lower boundary of the channel. The market price is hovering at $180.19 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 will begin to rise and break above the 9-day and 21-day moving averages as soon as the bulls increase the buying pressure. Any further bullish cross to the positive side could push the coin to the potential resistance levels of $175, $185, and $205.
Nevertheless, this technical analysis may not play out if the sellers increase the pressure, crossing below the lower boundary of the channel will hit the support levels of $53, $43, and $33. Moreover, the technical indicator Relative Strength Index (14) is crossing below the 40-level to prepare the coin for the bullish movement in the next positive direction.
QNT/USD Medium-term Trend: Bearish (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.
Meanwhile, if the buyers push the price above the moving averages, higher resistance could be reached at the resistance level of $120 and above as the technical indicator Relative Strength Index (14) remains within the oversold region. Moreover, should the bulls fail to move the current market value above, the bears may step into the market, and the nearest support level could be located at $100 and below.
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