• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
QNT

Quant (QNT) Gains Over 34% In A Turbulent Week For Others

Alyz by Alyz
4 months ago
in Quant (QNT)
Reading Time: 3 mins read
Advertisement

Quant (QNT) is the first blockchain OS that enjoyed continued gains in the last week despite other coins facing turbulent times. The top-30 coin has enjoyed a five-day upswing, gaining over 34%. As of writing, Quant’s price is trading at $198, although it broke its $206 resistance during the day.

The token is experiencing a resurgence that has seen it beat Bitcoin (BTC) and Ethereum (ETH) over the same period. However, it’s still trading at about 50% below its all-time high of $427.42.

Related Reading: Crypto Won’t See Bull-Run Anytime Soon, This Expert Explains Why

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Why Is Quant Gaining So Much?

Santiment, a blockchain analytics startup, attributes QNT’s increase to “Volume, daily active addresses, and whale accumulation.” The company also said that whales had amassed 15% of the currency in just 5 months. Intotheblock data reveals that around sixty percent of coin holders acquired their coins between one and twelve months ago.

However, it appears that the network’s recent changes are what piqued the interest of a new generation of holders. The network introduced the Tokenise mechanism in June, enabling the production of QRC20 tokens compatible with ERC20 tokens. The network also supported the QRC721 standard, allowing users to build and deploy safe, interoperable non-fungible tokens on its blockchain.

Lunar Crush’s data also suggests that social media generally has positive attitudes toward the currency. Quant’s social mentions and interactions increased by 43.24% and 64.57% in the last week, respectively.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
QNTUSD_
QNT’s price is currently trading above $198. | Source: QNTUSD price chart from TradingView.com

What The Charts Say About Quant

Quant coin price is increasing with the help of a rounding bottom pattern on the daily time frame chart. This bullish pattern is common at market lows. In principle, its U shape indicates a turnaround in investor confidence following a decline.

Furthermore, the current upswing began when the price reversed from $42.7 on June 18. As a result, the value of one Quant coin increased by 430% in just four short months. Quant, however, has been on a five-day winning streak while most of the leading cryptocurrencies battle with uncertainty. In addition, the rising amount of trades shows that buyers and sellers are becoming increasingly enthusiastic.

Additionally, the altcoin jumped by 12% today and decisively broke through the previously mentioned resistance level of $206. This breakthrough provides buyers solid ground to stand on, which could keep this rally going for another 10.84% to $240. However, Quant’s price saw extreme buying in a short period, which is unsustainable for longer bull runs. As a result, a correction in pricing is anticipated to happen soon.

TradingView Expert Says Quant Is Overbought

Meanwhile, a Tradingview expert remarked that Quant had entered the overbought region. The asset’s Relative Strength Index (RSI) was greater than 75. Typically, a score on the RSI of more than 70 suggests an asset is overbought. Then, a score of less than 30 indicates that the asset is oversold.

Related Reading: A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022

Overbought conditions on the daily RSI indicate excessive purchasing, and a correction phase is needed to stabilize prices. The rising EMAs (20, 50, 100, and 200) may provide sufficient support to restart the current uptrend after a likely correction.

Featured image from Pixabay and chart from TradingView.com
Tags: cryptocurrencyQNT price analysisQNT technical analysisQNTUSDQuant (QNT)
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Alyz

Alyz

Alyz is a passionate freelance writer and journalist.

Related Posts

quant

Quant (QNT) Adds 8% In The Last 24 Hours, Will It Continue To Soar?

1 week ago
QUANT QNT 1

Quant (QNT) Skyrockets Through $200 – Here Is Why

4 months ago
Quant

Quant (QNT) Holds Gains When Top Cryptos Plummet Following BTC

4 months ago
quant

Quant (QNT) Marks Positive Movement When Major Coins Face Dumps

4 months ago
Quant

Quant (QNT) Gains In Value Daily When Many Top Coins Bleeds

4 months ago
Quant

Quant (QNT) Adds 10% In 24 Hours While Macro Uncertainty Pulls Others

4 months ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

ApeCoin (APE), Dogecoin (DOGE), and Snowfall Protocol (SNW) – Three Great Coins for NFT Lovers

February 3, 2023

Turn Playtime into Paytime with RankerDAO’s Gaming Crypto Platform

February 3, 2023

Fetch.ai (FET) up 200% in 30 days – Orbeon Protocol (ORBN) Skyrockets by 1400% in Presale

February 3, 2023

Dacxi.com rebrands to Wealth99

February 2, 2023

What Is the Latest in Crypto? Terra Classic Community Approves Crucial Proposal to Resume Terra CLasic (LUNC) Burns, Fetch.Ai (FET) Ranks Among the Top AI Altcoins for Investors In 2023, Snowfall DEX Attracts More Investors to Snowfall Protocol (SNW) with A Week to Official Launch

February 2, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.