- Quant price is trading with strong uptrend momentum towards the rising parallel channel over the daily chart.
- QNT crypto has recovered to 20, 50, 100, and 200-day Daily Moving Average.
- The pair of QNT/BTC is at 0.005054 BTC with an intraday drop of 0.36%.
The Quant price is increasing quickly through an upward parallel channel on the daily price chart. The token first moved below a line with a downward slope but was able to exit the pattern and go into the channel with an upward slope. The token needs to keep moving upward at its current rate in order to surpass the daily chart. Investors in QNT must wait until the token acquires popularity and runs into a manageable level of resistance. The QNT currency is currently trading midway between the upper and lower trendlines of the rising parallel channel. To advance toward the top trendline, the token has to receive the necessary upward momentum from QNT bulls.
Quant Price’s market value increased by 7.48% the day before, and it is currently trading at $105.29. The intraday trading session saw a 35.61% increase in trade volume. This shows how QNT is currently able to maintain the momentum with the bulls’ support. The volume to market cap ratio is 0.02927.
On the daily chart, the QNT coin’s price fluctuates inside a rising parallel channel. QNT bulls must keep close to the trendline since the coin is now flowing upstream in that direction. To reduce the volatility brought on by bears during the intraday trading session, the QNT coin volume change, which is currently below average, needs to grow. After its breakthrough, the QNT coin’s price must keep rising.
Will QNT Back Propagate Inside the Rising Channel?
The price of the QNT coin has been fluctuating inside a rising parallel channel over the duration of the daily price chart. The token must move in the direction of the top trendline to break out of the rising pattern. Technical indications show that the QNT coin is significantly uptrending toward the ascending parallel channel.
The Relative Strength Index shows the momentum of the upswing for the QNT coin. The RSI is currently trading over neutrality and is moving into the overbought region. The QNT coin’s bullish momentum is visible in the MACD. After a positive crossover, the MACD line is ahead of the signal line. Investors in QNT should keep an eye on the daily chart for any trends that might change.
Conclusion
The Quant price is increasing quickly through an upward parallel channel on the daily price chart. The token first moved below a line with a downward slope but was able to exit the pattern and go into the channel with an upward slope. The token needs to keep moving upward at its current rate in order to surpass the daily chart. Investors in QNT must wait until the token acquires popularity and runs into a manageable level of resistance. The QNT currency is currently trading midway between the upper and lower trendlines of the rising parallel channel. To reduce the volatility brought on by bears during the intraday trading session, the QNT coin volume change, which is currently below average, needs to grow. After its breakthrough, the QNT coin’s price must keep rising. Technical indications show that the QNT coin is significantly uptrending toward the ascending parallel channel. After a positive crossover, the MACD line is ahead of the signal line. Investors in QNT should keep an eye on the daily chart for any trends that might change.
Technical Levels
Support Levels: $86.80 and $80.00
Resistance Levels: $115.00 and $120.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
