• Quant is currently priced at $131.86 and is up by 23.37% over the past 24 hours.
• The Trading Volume has seen a monumental increase of 302.79% over the past 24 hours.
• The coin continues to show bullish momentum as bears are in the lead
SHORT TERM VIEW
The cryptocurrency market has seen some profit booking on Thursday which ended the 2 day winning streak when the coins soared. The selling pressure has been intense across all the altcoins. However, amidst all the gloom there’s one coin that has shown remarkable resilience and has been successful in shaking off the bears.The live Quant price today is $131.86 USD with a 24-hour trading volume of $175,156,330 USD. Quant is up 23.37% in the last 24 hours.
This run began after QNT/USD rose from its support of $89 on Monday, after falling to its lowest level in over 1-year towards the end of last month. A high trading volume has been directed towards the coin and if it continues to show the bullish momentum, it could even be within touching distance of its all time high of $428.38 which it reached on September 11,2021.The Volume to Market Cap Ratio stands at 0.11.
The likely is likely to face resistance at $148 which it could cross in the coming hours if it continues to frame higher highs.The coin is likely to find support at $118.The SMA validates the bullish momentum as the altcoin is trading comfortably above the 20 and 50 SMA.
LONG TERM VIEW
The start of the month saw a bullish crossover as the MACD line crossed the signal line and the coin has been showing no signs of slowing down with a slew of higher highs. The histograms further validate the uptrend as they continue to rise which suggests the bullish momentum is showing no signs of fizzling out. The RSI is hovering around the 50 mark.
CONCLUSION
The coin has provided the cryptocurrency market with a great sense if relief as it continues to be the exception to the norm as all other assets have seen some reduction in prices.In fact,it keeps on framing new higher highs with bulls firmly in the driver’s seat.A market overview also shows that this pattern will continue to surge in the coming trading days.