•QNT/USD is currently priced at $105.39 and has increased by 4.67% over the past day
•The trading volumes have increased by 40.81% over the past day
•The technical indicators suggest a positive outlook for the near term
Short Term View: Bulls are still at large in the market as QNT approaches the $110 mark
The Quant price today is $105.39 USD with a 24-hour trading volume of $38,280,781 USD. Quant is up 4.67% in the last 24 hours. The trading volumes have increased over the past day amid increased investor activity whereas the Volume to Market Cap Ratio stands at 0.03009 for the altcoin.
In spite of the broad downturn in the cryptocurrency market, Quant has held firm on its end which has helped drive the recent surge in QNT. The asset had plunged to deeper levels but now looks to be on course to regain its former glory. The altcoin is in an uptrend as the QNT Price is currently transacting above the 20,50 SMA on the four-hour chart. The Quant bulls will continue to target a near-term test of the next area of significant resistance to the north of the $110 level. A continuation of the uptrend will drive the prices even higher, potentially breaching the resistance placed at $120. On the flip side, the all-important support level for the asset resides at $100 in the event of the bears staging a comeback.
Long Term View for Quant
The RSI for QNT is currently transacting at 52.45 and looks to be heading towards the overbought territory, with gallant steps being taken by the bulls to achieve it. The RSI line has moved above the 14-day average line as a seismic shift in momentum has been observed on the daily chart. Furthermore, the histograms have remained green for the better part of the past month. Although the bullish momentum seems to have waned in recent days, the momentum is still firmly sided with the bulls as the MACD and signal lines continue to transact in the positive territory.
Quant is in an uptrend and the technical analysis indicates that the asset is in a bullish state to potentially hit the next given targets or resistances. Hence, the uptrend is likely to continue for the altcoin as the asset looks to recover its lost gains.
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.