Quant has recorded a price growth of about 15.10% as of today’s trading activity. With this development, the market now has a stronger technical basis to proceed slightly higher in the short term. However, considering the notable price increase that has occurred within such a short period, it’s logical to anticipate a pullback at this point.
QNT Statistics
Current Price: $81.95
Market Capitalization: $987.62M
Circulating Supply: 12.08M
Total Supply: 14.88M
CoinMarketCap Rank: 69
Key Price Levels
Resistance: $85.00, $90.00, $95.00
Support: $78.00, $75.00, $70.00
Bulls Produce a Notable Price Increase in the Quant Market
While the downward trend in the QNT/USDT daily market remains intact unless proven otherwise, the ongoing session has been quite bullish. The last price candle on the chart can be seen rising through the 9-day Exponential Moving Average (EMA) curve.
Also, the Stochastic Relative Strength Index (SRSI) indicator lines have just delivered an upside crossover above the 20 threshold, tentatively indicating positive momentum in the ongoing session.
Quant Market on Shorter Time Frames Suggests a Steady Build-Up
Bulls in the QNT market seem to have steadily built a good base for short-term gains over the past two sessions. However, it is in the ongoing session that most of the gains have been registered. The last price candle on this chart has appeared tall and green above the 9-day EMA curve.
At the same time, the SRSI indicator lines are already rising into the overbought zone, with the lead line reaching the 100 threshold. While this signals a potential pullback due to the overbought condition, it remains likely that the market may push toward the $85 mark at the least.
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