- Quant value has increased by around 10.5% so far this week.
- The daily price scale trades above the important exponential moving averages in the intraday session.
- Trading volume increased by 100% over the last 24 hours, during a higher-higher trend.
Quant token trades against Bitcoin for the past few sessions. The BTC crypto takes back leg below the red zone of volatility of $20k (immediate resistance level) and QNT token continues allowing the buyers long-orders.
Just 24 hour before the QNT token overcame the narrow range-bound zone, it was behaving like a consolidation phase of buyers. This strong accumulation may give wins to bulls in upcoming trading sessions for anticipated bullish momentum.
Although the price history says that QNT is in a bullish trend since its yearly low as well as in September, bulls push QNT value higher with higher-lows momentum above the ascending trendline.
At press time, Quant token against the USDT is trading at $120 Mark along with 8.6% intraday gain. Quant value increased around 10.5% so far this week while price is heading towards immediate resistance level of $130, crypto price overhead this hurdle may become the witness of bullish celebration.
Price is Above Significant EMAs
During higher-lows momentum, buyers successfully managed the QNT currency value above significant exponential moving averages like 20,50,100 and 200 in intraday session. Later on, the 200-EMA (white) became the immediate support level if price turns near $130-resistance. Furthermore, the ideological round level of $100 also has a key hedge zone of bulls.
Indicators on Daily Price Chart
The trading volume looks good for the stability of the higher zone. Trading volume increased by 100% over the last 24 hours, during a higher-higher trend. As trading volumes increased, the RSI indicator broke the 58-level barrier, now its peak has moved above the 60-zone. Besides, the MACD indicator reclaimed positive territory on the daily price chart.
A bullish trend significantly below the current price of the Quant token is a clear sign of positivity as long as the price does not breach it. And price stability above the all-important moving average is the biggest positive factor, which could add further momentum from current levels.
Support level – $100 and $80
Resistance level – $130 and $150
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.
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