Analytics

Quant Price Analysis: QNT Token Rebounded Above $100 Mark, Wait For Weekly Expiry

  • Quant price appears to be trading above the $100 conceptual round level since last night.
  • The market cap of the QNT token is up 4.7% in the green zone to USD 1.3 billion.
  • QNT price is trading below the 20-day EMA on the daily price scale.

For early buyers, the Quant Token represents an Amazon bullish opportunity. As price movement nears the $100 conceptual round level, hidden positive indications emerge. On June 18, the QNT price demonstrated a dramatic trend reversal as it rallied back from the $42.5 support level.

On the daily price scale, altcoins create a high-low configuration. Thus, the V-shaped recovery demonstrated a continuous march north, accumulating 212% in the last two months. Furthermore, the cryptocurrency should surpass the $156 threshold under the influence of an inverted head and shoulders pattern.

Source: QNT/USDT by Tradingview 

Buyers reached a 90-day high of $133 as the purchasing persisted. Later, the purchasers were unable to maintain the higher zone. Because altcoins are being rejected, QNT is down 7.5% this week. Nevertheless, the QNT coin is now selling at $110 per USDT as of press time.

According to CMC statistics, the QNT token’s market value is up 4.7% in the green zone to USD 1.3 billion. Meanwhile, the QNT token is trading at 0.004997 Satoshis with the bitcoin combination, up 6.5%. Trading volume, on the other hand, grew by 13% to $35.9 million.

RSI Reached Semi-line Amid Recovery 

Source: QNT/USDT by Tradingview 

The RSI indicator rebounded from the 40 levels. Now its peak is coming halfway as a hurdle of bullishness. Conversely, the MACD is trending down after signaling a bearish crossover.

Conclusion

The Quant (QNT) token is showing an uptrend after yesterday’s rally. Buyers again pushed QNT’s price above the $100 key volatility area, which turned into immediate support. Furthermore, 20-DMA will be the next resistance.

Support level – $100 and $80

Resistance level – $150 and $200

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

   

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