Quant (QNT) Price Grows by 1.86%

The general crypto market continues to slowly recover from the previous shock as the market plummeted. This minimal revival can also be observed in the Quant market as its price action shows an intention to stay afloat above key technical levels.

QNT Statistics

Current Price: $84.63

Market Capitalization: $1.01B

Circulating Supply: 12.07M

Total Supply: 14.88M

CoinMarketCap Rank: 65

Key Levels

Resistance: $90, $95, $100

Support: $85, $80, $75

QNT Bulls Put a Foot Down at the 9-Day EMA

The Quant market had previously edged downward following a sharp price rise. The downward retracement occurred for two consecutive sessions, but the ongoing session seems set to change the narrative.

The last price candle on the chart has presented a modest increase and, as such, continues trading above the 9-day EMA curve. The Stochastic Relative Strength Index SRSI indicator remains converged and appears to have delivered a downward crossover. This suggests that price activity may proceed toward lower support.

Quant Oscillates Around Key Landmarks

On much shorter market time frames, it is evident that price action is in the green but with minimal movement. However, the latest price candle on the chart manages to sit just above the 9-day EMA line.

Meanwhile, the SRSI lines are in the oversold region and are moving largely sideways. At this point, traders may want to allow bullish momentum to develop further before taking significant long positions toward the $90 price level.

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