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Quant Coin: Will Rising Volume Trigger the QNT Price Surge?

  • The volume of QNT coin increased by 36% in the last 24 hours by the Coinglass.
  • The total circulating supply of QNT is 14.8 Million.
Source: CoinMarketCap.com

Introduced in June 2018, Quant aims to establish global connections among blockchains and networks without compromising network efficiency and interoperability. 

It stands as the inaugural initiative to address interoperability challenges by crafting the initial blockchain operating system.

Price Data of QNT Coin

The current market price of the QNT coin is $99.98, which increased over 0.8% in the last 24 hours. The volume of the coin is $12.7 Million which has shown an increase of over 36%.

The maximum supply of the QNT coin is 14.8 Million and out of these 12.07 Million coins are circulated in the market. 

The volume of the coin is $12.7 Million and it rose by over 36.22% in the last 24 hours. The increased volume resulted in a volume/market cap ratio of 0.02. The market cap dominance of the QNT coin is 0.099%.

Price vs Volume Analysis of QNT

Source: Santiment

The price of the QNT coin has increased in the last few days which led to a rise in the volume of the coin. As per the recent data, the price of the coin is showing signs of uncertainty. 

Quant Technical Analysis

COINBASE: QNT/USD Chart by Tradingview

The current market price of the QNT coin is $99.7, which increased by 0.6% in today’s market session. The price is currently moving in a triangle pattern and the price is facing resistance at the $109 level. 

The overall factor is indicating an upward moment but the price is taking a halt. If the price breaks above the resistance level, further moves can be seen in the upcoming days.

Technical Indicators View

The MACD line for the Quant (QNT) coin is currently on an upward trend, indicating a positive trajectory.

Moreover, the RSI for Quant coin hovers near the 48 level, marking a positive zone and enhancing the probability of a price increase.

QNT Chart By TradingView

Conclusion

The Quant (QNT) coin has shown an increase in trading volume. The price is taking a halt at the $109 level and indicators are positive for the coin. If the price breaks above the resistance level, a further upmove can be seen in the upcoming days.

Technical Levels

  • Support Levels: $83 and $47
  • Resistance Levels: $154 and $196
Disclaimer

The views and opinions of the author, or anyone else in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.

Ritika Sharma: Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.