On Saturday, the price of Quant (QNT) extricated from\u00a0the seven-month-old falling wedge formation. With the continuing retest phase on Monday, buyers will verify the legitimacy of the breakout.<\/p>\n
QNT is the native cryptocurrency of the Quant Network, a blockchain platform that facilitates the interoperability of blockchains.<\/p>\n
Monday\u2019s trade price for QNT is $75.71, a decrease of 10.2 percent over the last seven days, according to statistics from Coingecko. Therefore, if the price holds over $77.5, the altcoin could extend the current recovery.<\/p>\n
Quant (QNT) has increased significantly over the previous week, signaling that a bottom may just be around the corner. The pace increased as purchasers drove the price above $67.<\/p>\n
Moving averages have accomplished a bullish confluence, and the relative strength index is in the positive region, indicating a potential trend reversal.<\/p>\n
Suggested Reading | Dogecoin (DOGE) Seen Jumping This Month, Despite Twitter-Musk Deal Collapse<\/p>\n
Quant Barrels Past $75 Barrier<\/p>\n
After nearly two months, a huge price increase pushed QNT past the $67 threshold. As QNT bulls forced their way forward, the coin\u2019s price increased, passing the $75 barrier.<\/p>\n
If bullish momentum sustains this week, the next important price levels to monitor will be $89 and $100. Near $90, the uptrend is encountering a formidable obstacle.<\/p>\n
Meanwhile, volumes have grown over the last several sessions, resulting in an increase in volatility; therefore, investors should wait until the price resolves before placing transactions.<\/p>\n
The sellers are seeking to halt the uptrend at $90, but the upward-sloping moving averages and strong relative strength index\u00a0signals\u00a0that the bulls have the edge.<\/p>\n\n
QNT total market cap at $911 million on the daily chart | Source: TradingView.com
\nQNT Sees Short-Term Upswing<\/p>\n
If the price of QNT recovers from the 20 exponential moving average, buyers could push the price back up to $90. A break and closing above this psychological barrier could indicate the restart of the short-term upswing.<\/p>\n
In a falling pattern, the QNT\/USDT pair displays its continued downward trend. For nearly seven months, the price of the coin fell within this pattern, denying a substantial bullish resurgence.<\/p>\n
Suggested Reading |\u00a0Solana Glints With 14% 3-Day Rally \u2013 Will SOL Keep On Beaming?<\/p>\n
In addition, the bull cycle inside the pattern began on June 17, when the QNT price rallied from the trendline of support at its lowest point. As a result, the bullish surge boosted the market value to past\u00a0$75.<\/p>\n
Quant reached a record high of $427 on September 11, 2021 \u2013 a far cry from its current price of $75.71.\u00a0The token\u2019s price reached an all-time low of $0.215 on August 23, 2018.<\/p>\n
Recent price activity for Quant has resulted in a market capitalization for the token that exceeds $1.8 billion. This year, QNT has experienced a change of -57.80 percent.<\/p>\n
Featured image from Coinpedia, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
On Saturday, the price of Quant (QNT) extricated from\u00a0the seven-month-old falling wedge formation. With the continuing retest phase on Monday, buyers will verify the legitimacy of the breakout.<\/p>\n
QNT is the native cryptocurrency of the Quant Network, a blockchain platform that facilitates the interoperability of blockchains.<\/p>\n
Monday\u2019s trade price for QNT is $75.71, a decrease of 10.2 percent over the last seven days, according to statistics from Coingecko. Therefore, if the price holds over $77.5, the altcoin could extend the current recovery.<\/p>\n
Quant (QNT) has increased significantly over the previous week, signaling that a bottom may just be around the corner. The pace increased as purchasers drove the price above $67.<\/p>\n
Moving averages have accomplished a bullish confluence, and the relative strength index is in the positive region, indicating a potential trend reversal.<\/p>\n
Suggested Reading | Dogecoin (DOGE) Seen Jumping This Month, Despite Twitter-Musk Deal Collapse<\/p>\n
Quant Barrels Past $75 Barrier<\/p>\n
After nearly two months, a huge price increase pushed QNT past the $67 threshold. As QNT bulls forced their way forward, the coin\u2019s price increased, passing the $75 barrier.<\/p>\n
If bullish momentum sustains this week, the next important price levels to monitor will be $89 and $100. Near $90, the uptrend is encountering a formidable obstacle.<\/p>\n
Meanwhile, volumes have grown over the last several sessions, resulting in an increase in volatility; therefore, investors should wait until the price resolves before placing transactions.<\/p>\n
The sellers are seeking to halt the uptrend at $90, but the upward-sloping moving averages and strong relative strength index\u00a0signals\u00a0that the bulls have the edge.<\/p>\n
QNT total market cap at $911 million on the daily chart | Source: TradingView.com
\nQNT Sees Short-Term Upswing<\/p>\n
If the price of QNT recovers from the 20 exponential moving average, buyers could push the price back up to $90. A break and closing above this psychological barrier could indicate the restart of the short-term upswing.<\/p>\n
In a falling pattern, the QNT\/USDT pair displays its continued downward trend. For nearly seven months, the price of the coin fell within this pattern, denying a substantial bullish resurgence.<\/p>\n
Suggested Reading |\u00a0Solana Glints With 14% 3-Day Rally \u2013 Will SOL Keep On Beaming?<\/p>\n
In addition, the bull cycle inside the pattern began on June 17, when the QNT price rallied from the trendline of support at its lowest point. As a result, the bullish surge boosted the market value to past\u00a0$75.<\/p>\n
Quant reached a record high of $427 on September 11, 2021 \u2013 a far cry from its current price of $75.71.\u00a0The token\u2019s price reached an all-time low of $0.215 on August 23, 2018.<\/p>\n
Recent price activity for Quant has resulted in a market capitalization for the token that exceeds $1.8 billion. This year, QNT has experienced a change of -57.80 percent.<\/p>\n
Featured image from Coinpedia, chart from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-3120","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/3120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=3120"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/3120\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=3120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=3120"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=3120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}