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- Quant price is performing better this week with 8% weekly benefits.
- Buyers are pulling the third bullish weekly candle this week.
- Weekly RSI indicator rebuilt above half-line.
Quant Price has the ability to record a notable rapid rally further. In a high-time frame such as weekly, buyers are depositing QNT prices over the previous swing climb. This hidden speed factor occurs since mid -June, which was the lowest level of Crypto in the last 52 weeks.
Between the high-level price structure in the weekly chart, buyers are drawing the third bullish weekly candle of crypto this week. This week’s rally has a profit of 8% price. Therefore, new investors are affecting Quant Crypto to create a new long situation.
On the scale of a price per hour, the quant token price remains rapidly above the trendline as buyers manage high-level formation. But this bullish rally took a break at $ 130 resistance level. The price remains below the bullish barrier for the last three days. Buyers need to flip this resistance to the most recent support level before any fast rally.
At the end of this week, buyers push more than 1.58% at that time. Meanwhile, the QNT token is trading against the USDT pair at $ 128.5. Despite the positive landscape market, capitalization capitalization declined by 2.61% in the last 24 hours, which was $ 1.53 billion. Against the rapid trend, the trading volume decreased by 29% overnight.
The $ 150 to $ 160 resistance area (red box) is awaited Retest before dumping market vendors. In addition, the ideological round level of $ 100 was a major demand area. Buyers are expecting a 15% increase, if the price breaks the obstruction.
On the daily price scale, the quant token price is above the 20 -day exponential moving average. At the same time, 50 EMA (red) disrupts the rapid rally rally. In particular, the RSI indicator left the area sideways because its summit went above the halfway.
Conclusion
Undoubtedly the quant token price trades under strong purchase pressure. The 50 -day moving average is only a rapid hurdle during the high -class trend. Buyers are expecting a 15% increase, if the price breaks the obstruction.
Support level – $100 and $075
Resistance level – $150 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.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
