QNT Price Analysis – August 9
During the European session today, the Quant price analysis begins a progressive movement as the price increases slightly.
QNT/USD Market
Key Levels:
Resistance levels: $140, $145, $150
Support levels: $110, $105, $100
QNT/USD bulls have been attempting to move above the 21-day moving average. The $124 support level is the critical support where the price touched today. Meanwhile, the Quant price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.
Quant Price Analysis: Can Quant Move to the Upside?
The Quant price is likely to rise more if the bulls could defend the $124 level; the coin may continue its upward movement by breaking above the 9-day moving average after keeping the price above the 21-day moving average. Therefore, any further bullish movement may take the coin to the potential resistance levels of $140, $145, and $150.
However, as revealed by the daily chart, the current prediction may be invalidated if the bears break below the $120 level, and the Quant price may fall to the low of $110, $105, and $100 support levels. More so, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level; suggesting more bullish movements.
QNT/BTC Market: May Consolidates Above the Channel
When compared with Bitcoin, the Quant price is currently trading above the 9-day and 21-day moving averages. However, the red line of the 9-day moving average remains above the green line of the 21-day moving average to touch the nearest resistance of 5500 SAT.
Therefore, if the buyers could push the price above the mentioned resistance, higher resistance lies at 6000 and above. Moreover, should the bulls fail to move it upward, then, the nearest support level could be located at 5000 SAT and below. More so, the technical indicator Relative Strength Index (14) keeps moving above 60-level, which indicates that buyers may dominate the market.
