- QNT Token price doubles in value after finding support near the $64 mark.
- All the EMAs rise higher in a bullish alignment as the bullish rally continues.
- The token pair QNT/BTC trades at 0.003146 BTC with an intraday rise of +32.21%
QNT token rose more than 30% in the past 24 hours as the bullish pressure burst leading to an incredible price jump. However, a higher price rejection in the price action is noticeable due to the long wick formation.
Investors hoping to ride the bullish trend may find an entry spot if the price retests the 20-day EMA.
Presently, the QNT token price is $125.19, with an 1141% boom in intraday trading volume. Furthermore, the market cap of the coin has increased 32.32% in the past 24 hours.
QNT Token Forms Morning Star to Crush Any Underlying Bearish Sentiment
QNT token price continues to move uptrend supported by a solid support trendline resisting the fall despite numerous bearish attacks. Therefore, investors may price treat the dips near the trendline as entry spots.
The price action analysis of QNT’s price chart shows that token prices could face resistance at the $150-$175 levels if the uptrend continues above $130. However, in the event of a reversal, horizontal levels at $100 or $80 could be supportive of halting the fall.
The Relative Strength Index (Bullish), as the RSI line trends higher approaching the overbought zone.
The parabolic SAR is below the token price, indicating an upward trend in action.
The ADX indicator predicts a rise in trend momentum.
CONCLUSION- QNT token price has been in an uptrend even though the crypto market was falling. Hence, it comes as no shock that the bullish rally continues in QNT as the overall market sentiment gains bullish momentum.
QNT token prices may rise to the heights of $150 if it sustains above the $130 mark. In the long game, investors may even see the token price hitting the level of $200 if the overall crypto market remains bullish just long enough.
Support – $100 and $80
Resistance – $150 and $175