- Covalent is a privacy-protected data network that offers continuous encryption through a decentralized computing protocol.
- Covalent Token was founded in April 2021 by Ganesh Swami and Levi Aul.
The CMP (Current Market Price) of the CQT Token is $0.1379. The CQT Token’s market capitalization is $86.336 million. CQT Token is the native cryptocurrency of the Covalent Network.
Technical Indicators for Covalent Token
The 200-day Exponential Moving Average in Cqt Token shows selling activity at the $1.43013 price level. According to its 200-day Simple Moving Average, it should be sold at $1.64360.
The 100-day SMA offers selling at the $0.91761 market price. At $0.76342, the 100-day EMA suggests a selling trend.
At 29.21114, the RSI (14) line indicates buy action. It indicates that the stock was sold more than it was bought.
Technical Analysis of CQT Token
The all-time high in CQT was made on August 14, 2021, which was around $2.1140. As we can see in the image, the CQT Token is situated in a downtrend. It took multiple support from the support level. The green line is acting as a strong line.
Today CQT Token is up by 3.24%. Therefore, the SafePal increased by $0.0044.
As we can see, the CQT Token began to go in a downtrend motion. It has been moving in the same pattern since September 2021.
Our technical indicators indicate that the market is currently bullish, while the Fear & Greed Index is currently reading 70 (Greed). Over the past 30 days, CQT has experienced 12.06% price volatility and 19/30 (63%) green days.
The rising three patterns imply that the coin will show positive signs in the future. It might make a resistance point on the downtrend line and again fall till it takes support from the support level. The CQT Token in the last 6 months is down by 11% and last month it was up by 69%. In the Last 5 years, the CQT Token has been down by 78%. It was up by 73% in the last year. In the 7-D analysis, the CQT Token is up by 13%.
Live Chart of CQT Token
Market Information About CQT Token
Covalent Token’s market cap increased by 3.00% at the press time. Volume decreased by 15% in the last 24 hours. The ratio of tokens is unequal. $391.624K worth of CQT Tokens were traded the previous day. It is now ranked 283rd among 8,826 active cryptocurrencies in the world by market capitalization. The liquidity of the cryptocurrency CQT Tokens is 0.49%.
The market supply of CQT Tokens is currently 620.676 million CQT.
Conclusion
As per the report made by the experts, the CQT Token might fall to $0.143026 by 01 November 2023. The fall will be around 7.30%, which is very bad for any token.
Technical Levels
Support level- $0.01544 and $1.15240
Resistance level- $0.02362 and $2.04303
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.