- QNT price analysis shows positive momentum
- The market is now in the grasp of bulls.
- QNT’s cost climbs to $207.75, up 12.72%.
Quant (QNT) price examination of the daily price chart reveals that the digital currency has been rising over the past 24 hours. The market has risen from its low point of $180.62 to its current peak as a result of the bullish dominance that is currently in place.
At the time of writing, Quant was trading up 12.72% against the US dollar and was worth $207.75.
Some of the elements that have contributed to the recent price increase include the market capitalization, which has increased by 17.86% to $2,624,368,078 and the 24-hour trading volume, which has increased to $219,621,731 a 40.11% increase.
QNT/USD 24-hour price chart Source :CoinMarketCap
Positive momentum is being indicated by technical indicators that are moving north. These indicators demonstrate the market’s dominance by the bulls.
The Bollinger Bands are widening, indicating that the current trend is coming to an end and that market volatility will rise. At 194.8 and 110.4, the top and bottom bands are in contact. These levels act as both the market’s support and resistance. In addition, a bullish trend will persist in the near term as the market climbs toward the upper band.
The bulls are in charge of the market and the bullish momentum is gaining strength as the MACD line is crossing the signal line and is in the positive region. The MACD line is located at 19.07, and the signal line is at 13.7 and faces north.
The Relative Strength Index (RSI), which is currently at 86.63, has been increasing over the last 24 hours. This indicates that there is strong buying pressure in the market, and the RSI’s upward trend indicates a rising market trend; but, because it is in the overbought region, traders must exercise caution because prices could reverse lower on the continuation of the trend.
QNT/USD 1-day price chart Source:CoinMarketCap
A bullish trend develops as the 20-day Moving Average crosses above the 50-day Moving Average. The 50-day MA is $123.3 and the 20-day MA is $153. This pattern predicts an impending bull market, which is supported by strong trade volume, as quant (QNT) trading volume increases by over 40%.
An imminent upside potential is indicated by the Parabolic SAR dots forming above the candlesticks, which is a bullish indication.
QNT/USD 1-day price chart (Source :CoinMarketCap)
The technical indicators indicate that the bulls are in charge of the entire market and that the upward momentum may continue.
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