Home
News
- 1 Quant crypto is trading above the key moving averages showcasing bullishness.
- 2 This week the QNT price has surged by almost 12.95% showing the buyers’ presence.
Quant emerged in June 2018, aspiring to seamlessly link various blockchains and networks globally, while maintaining their efficiency and interoperability. It stands out as the inaugural initiative to tackle the interoperability challenge by introducing the world’s first blockchain operating system.
Structured as a distributed ledger technology operating system, and coupled with the Overledger Network, it aims to facilitate interconnectivity among disparate blockchain networks. It’s recognized as the pioneering operating system crafted specifically for blockchain environments.
The core objective of Quant, through Overledger, is to serve as a conduit among diverse blockchains. The Overledger network forms the infrastructure of the project, envisioned as the foundation for the forthcoming digital economy ecosystem.
Overledger empowers developers to create decentralized, multi-chain applications (MApps) for their clientele. To develop a MApp within this network, developers are required to possess a predefined quantity of Quant tokens (QNT).
Technical Analysis Of Quant Crypto
The price of the Quant (QNT) cryptocurrency has been consistently bullish, showing upward momentum over the past few sessions. Additionally, the token has maintained gains above the important moving averages and continues to extend its upward movement. The token has recently experienced a “golden crossover” and has surged over 27% this month, indicating strong bullish momentum.
The Quant crypto price has started a major bullish move from the lower support levels. The price broke above the major trendline, resulting in a surge to the upper resistance.
The QNT token price has been performing in an uptrend. The price formed multiple higher-high swings and continued its bullish rally to date. It reflects the stability and trust of the Quant community in this project.
Quant crypto showed buyers’ strength on the daily chart. Moreover, the price trades above the major EMA, indicating further weakness for the cryptocurrency. The RSI curve is near 52, an overbought zone, with a positive outlook indicating bullish sentiment in the cryptocurrency. The MACD indicator also resumed to form a green band and a bullish crossover appeared, indicating an upward move.
The QNT asset price is moving above the 50-day and 200-day moving averages. That reflects the bullish sentiments in the current trading session. Earlier, both the EMAs had a golden crossover indicating a solid uptrend.
Quant Crypto Price vs Volume Analysis
Trading volume has increased in the last few days and the price has also inclined. In the last few days, the price has grown significantly. Hence, the price is expected to grow in the long term
Quant Crypto Social Dominance vs Social Volume
Based on the social dominance and social volume graph, the social dominance and social volume have decreased for the last few months which has left a negative impact on the price. Furthermore, the momentum of the Quant price may depend upon the change in social dominance and volume dominance.
Summary
Quant price prediction is bullish for the long term and suggests the bullish momentum might continue. QNT price is inside the bulls’ grip so the probability of reaching upper levels in upcoming weeks remains high.
Technical Levels
Support Levels: $133.68 and $130.01
Resistance Levels: $140.00 and $150.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
