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- 1 QNT crypto price regressed toward the $100 mark and is witnessing range bound moves.
- 2 Buyers are attempting to rescue gains and looking for a rebound.
The QNT price signifies a retracement and was dragged to the $100 mark, replicating a rejection from the 50 day EMA. However, the price action showcased a rebound from the demand zone of $90 with the bulls accumulating. Meanwhile, there is no clear trend indication and indecisiveness between the buyers and sellers was noted on the chart.
At press time, the Quant crypto (QNT) price traded at $103.20 with an intraday gain of 4.20%, reflecting neutrality on the charts. It has a monthly return ratio of -24.30% and -9.90% yearly. The pair of QNT/BTC is at 0.00164 BTC, and the market cap is $1.01 Billion. Analysts are neutral and suggest that the QNT crypto may stretch the rebound and will surpass the $110 mark.
QNT Price Volume Profile Analysis On Daily Chart
The price-to-volume profile of the Quant crypto on the daily chart showcases a rebound in the last trading session. However, the trend is neutral; buyers have begun accumulation and are trying to retain the 50 day EMA.The intraday trading volume jumped over 3.29% to $17.50 Million.
Price Volatility and Weighted Sentiment Outlook
Following the price rebound, the QNT crypto displays a spike in the price volatility curve in the intraday session.The price volatility curve noted a surge of over 11.20% to 0.014.However, the weighted sentiment looks negative and slipped below the midline around -0.631.
Social Dominance and X Followers Insights
Per the Santiment data, the social dominance data witnessed an up move of over 2.09% to 0.046%, noting a surge in the discussion reports. Conversely, the X followers data noted a drop of over 13.30% and dragged to 47.
Development Activity and Total Amount of Holders, Open Interest Outlook
Per the Santiment data, the development data witnessed a stable move and stayed near the midline around 0.048, showing a neutral outlook. However, the total amount of holders data replicates a positive move and sustains in the upside region around 152k.
However, the derivative data signifies a long unwinding outlook, the open interest dropped over 2.23% to 5.73 million.
Per the Fib levels, the QNT price trades near the 23.6% zone and is hovering near the mid Bollinger Band zone. Similarly, the RSI curve stayed near the midline region, and a negative crossover was noted on the charts.
The total supply of the QNT crypto is 14.61 Million, whereas the volume-to-market cap ratio is 0.0173, ranked 90 in market cap in the global crypto market.
Summary
The Quant crypto price trades near the round level support zone of $100 and is witnessing volatile moves on the charts. The price action signifies volatile swings and buyers are eager to initiate a rebound and try to cross the 20 day EMA mark.
Technical Levels
Support Levels: $100 and $95
Resistance Levels: $110 and $120
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
