- QNT Token price action indicates a descending triangle price pattern in the daily chart.
- The 24-Hour trading volume is $101 Million, a rise of 55% in comparison to yesterday.
- The pair of QNT/BTC is trading at 0.005031 BTC with an intraday gain of +5.30%.
QNT Coin price action forms a descending triangle price pattern in the daily chart. The support level for this triangle is at a zine near the $275 mark. Moreover, the resistance trendline stays strong as marked in the daily chart.
The volume is increasing dramatically in the daily chart, compared with the last few days. As a result, the volume may also break the 20 days MA.
QNT Token trades at $307.57 and has seen a 5.69% increase in market capitalization over 24 hours. In addition, the intraday trading volume has increased 55% in the last day, indicating that buyers are increasing in numbers.
QNT Token In The 4-Hour Chart
QNT token price action signals a sideways movement within a consolidation range, with a trading volume boom on the 4-hour chart. The price action rises higher with higher low formation. Hence, it indicates a rise in underlying bullishness.
According to pivot points analysis, resistance levels for the token is at $375 after the $335 mark. If the price reverses, sellers might find resistance at $275 and $250.
The daily chart shows that the coin price is higher than all the EMAs. Therefore, these EMAs will absorb any upcoming bearish attacks. Therefore, it will help to maintain the underlying bullishness.
The RSI indicator predicts a dramatic rise in the underlying bullishness as the slope jumps towards the overbought area.
The ADX indicator indicates a rising trend which suggests that there is significant potential for underlying momentum.
Conclusion: QNT Coin’s future trend is becoming more bullish from a technical perspective. The technical indicators combined with increased trading volume suggest a boom in buying. However, safe trades must wait till the breakout of the descending triangle in the daily chart.
Support – $275 or $250
Resistance – $335 and $375