Like most cryptocurrencies, Quant (QNT) has witnessed a considerable price rally over the past weeks. The token has added more than 8.24% over the past 24 hours. <\/p>\n
Even the broader cryptocurrency market<\/a> has recently seen tremendous improvement in its prices. Reports revealed<\/a> that the cryptocurrency market outperformed the traditional equity market.<\/p>\n QNT saw a 14-day gain<\/a> of 26.8% and a 7-day price surge of 7.58%. These performances could be credited to improving economic conditions and recent improvements on the Quant Network.\u00a0<\/p>\n Quant Network is an interoperability-enabling platform launched to connect several blockchains effectively. The Quant token price often moves in response to changes in the U.S. economy.<\/p>\n For example, the Consumer Price Index (CPI) for December<\/a> at 6.5% showed a value in line with market expectations. CPI is a metric in the United States that measures inflation. A higher CPI signifies high inflation, while a lower value indicates a reduction. The crypto market had positive sentiments before the CPI release, which boosted the sector, including QNT.<\/p>\n Over the past weeks, Quant showed signs of a breakout from the descending channel. A movement above the descending channel often indicates a potential breakout, which drives the price upwards. This trend could also be one of the factors influencing Quant\u2019s rally.<\/p>\n Data<\/a> indicates that Quant might have seen a double-bottom on the daily time frame while the cryptocurrency broke out of a channel that pushed the price action upwards.<\/p>\n Also, Quant oscillators and the 7-day Moving Average is currently showing a strong buy. It could be among the factors driving QNT\u2019s price upwards. Also, the fear and greed index is showing neutral.<\/p>\n Latest developments on the Quant Network could also be among the factors driving the asset price upwards. The Quant Network designs secure bridges<\/a> for asset transfer. Bridges are networks used for asset transfer from one network to another. But it is common knowledge that bridges are usually susceptible to hack attacks.\u00a0<\/p>\n QNT is currently trading at $154.91<\/a>. The coin is above its 50-day and 200-day Simple Moving Average (SMA). The formation of a golden cross in the coming weeks is likely if the 50-day SMA crosses over the 200-day SMA.\u00a0<\/p>\n Quant\u2019s support levels are $137.30, $139.09, and $141.27. It has broken its resistance levels at $145.24, $147.02, and $149.21. The token is currently under bullish pressure. A new resistance will form at the $164.67 level, with the old resistance levels turning to support. The formation of a long green candle today shows the bulls have controlled most of the trading activity.<\/p>\n Quant\u2019s Relative Strength Index (RSI) reading is 72.97, which is in the overbought region. That is also a bullish signal. The MACD (Moving Average Convergence\/Divergence)<\/a>\u00a0is now above the signal line showing positive readings. Expect the positive trend to sustain for a few more weeks. Although the token might record a slight price correction, it will remain bullish for the short term.<\/p>\n Please note that altcoins are relatively volatile and might deviate from a predicted trend. Also, an altcoin that loses half its value must recover 100% to return to its original price. However, they provide opportunities for traders who love volatile markets to profit with proper risk management techniques.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Like most cryptocurrencies, Quant (QNT) has witnessed a considerable price rally over the past weeks. The token has added more than 8.24% over the past 24 hours. <\/p>\n Even the broader cryptocurrency market<\/a> has recently seen tremendous improvement in its prices. Reports revealed<\/a> that the cryptocurrency market outperformed the traditional equity market.<\/p>\n QNT saw a 14-day gain<\/a> of 26.8% and a 7-day price surge of 7.58%. These performances could be credited to improving economic conditions and recent improvements on the Quant Network.\u00a0<\/p>\n Quant Network is an interoperability-enabling platform launched to connect several blockchains effectively. The Quant token price often moves in response to changes in the U.S. economy.<\/p>\n For example, the Consumer Price Index (CPI) for December<\/a> at 6.5% showed a value in line with market expectations. CPI is a metric in the United States that measures inflation. A higher CPI signifies high inflation, while a lower value indicates a reduction. The crypto market had positive sentiments before the CPI release, which boosted the sector, including QNT.<\/p>\n Over the past weeks, Quant showed signs of a breakout from the descending channel. A movement above the descending channel often indicates a potential breakout, which drives the price upwards. This trend could also be one of the factors influencing Quant\u2019s rally.<\/p>\n Data<\/a> indicates that Quant might have seen a double-bottom on the daily time frame while the cryptocurrency broke out of a channel that pushed the price action upwards.<\/p>\n Also, Quant oscillators and the 7-day Moving Average is currently showing a strong buy. It could be among the factors driving QNT\u2019s price upwards. Also, the fear and greed index is showing neutral.<\/p>\n Latest developments on the Quant Network could also be among the factors driving the asset price upwards. The Quant Network designs secure bridges<\/a> for asset transfer. Bridges are networks used for asset transfer from one network to another. But it is common knowledge that bridges are usually susceptible to hack attacks.\u00a0<\/p>\nWhat Factors Could Be Driving Quant Price Up?<\/h2>\n
Quant Price Predictions, will it Continue Soaring?\u00a0<\/h2>\n
What Factors Could Be Driving Quant Price Up?<\/h2>\n
Quant Price Predictions, will it Continue Soaring?\u00a0<\/h2>\n