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- Volume value continues to rise higher this week.
- The buyers barely protected themselves from another decline near the $100 conceptual round level.
- The market capitalization increased by 9.4% in the last 24 hours to $1.47 billion.
Investors have been following the quant price trend since last four trading sessions. Undoubtedly, the cryptocurrency market is witnessing uncertainty, in fact, the bitcoin price is hovering around $16K this week. Some degree of price recovery in BTC provided a price pump in other altcoins.
Under press time, the quant crypto remains at the $121.2 mark against USDT. Buyers swung into action this week, so QNT crypto is trading in the green. Also the weekly candle is up 14.6% so far this week. Selling later, buyers are drawing a second bullish candle this week.
Buyers constantly add to the growth in Quant crypto price after several sell-offs. Nevertheless, price action makes higher-lows on a daily time frame. As well as, bulls connected all swing lows and drew an ascending trendline below the live price. This support line provides a short-term bullish outlook in QNT.
Now QNT price is headed towards the next swing high of $125.8, which is just below the $130-resistance. On a lower range, Buyers barely keep themselves from another drop near ideological round level of $100.
However, trading volume is decreasing day by day while higher-lows momentum. Last night, volume reported at $37 Million. Nevertheless, Market capitalization hikes 9.4% in the last 24 hours, reported at $1.47 Billion.
On the daily price chart, buyers kept Quant price above the 200 day moving average amid downtrend. Resulting in, now QNT crypto flipped bullish as buyers pushed asset value above 20 DMA (white). In addition, RSI is increasing higher close to semi-line.
Conclusion
The Quant price is bullish despite multiple sell-offs. Buyers intensely maintain QNT value above the 200 day moving average during downtrend. Now crypto seems positive on the behalf of its price action.
Support level – $100 and $90
Resistance level – $130 and $200
Disclaimer
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 financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
