thenewscrypto.com
- Quant (QNT) surges 9%, displaying bullish momentum in the market.
- Quant (QNT) 24-hour trading volume, soaring over 158%, indicates growing interest.
Quant (QNT), the leading cryptocurrency, displays a significant rally despite the prevailing global market downtrend, which was caused by various factors, including the SEC’s continuous charges against major crypto exchanges.
In the last 24 hours, the Quant (QNT) price surged by over 9.62%, reaching an $111 range, marking the highest level since June 2023. Additionally, QNT has garnered significant investor interest and secured the top gainers spot on CoinMarketCap.
Technical Analysis Reveals Bullish in Quant (QNT)
The cornerstone of this innovation is Quant Network’s Overledger, the world’s first blockchain operating system. Overledger empowers developers to build multi-chain applications, and the Quant (QNT) token plays a vital role as it is used for accessing the network.
However, in the midst of a challenging period for the cryptocurrency market, Quant (QNT) has managed to stand out with a remarkable surge in its trading price. Also, QNT has solidified its position as the 39th cryptocurrency project. Further adding to its appeal in the current market landscape.
Quant (QNT) has strong short-term uptrends, indicating bullish market sentiment for this innovative cryptocurrency. At the time of writing, Quant (QNT) traded at $111.33. And holds a 24-hour trading volume of $25.6 million, which soared over 158%. Over the past week, the crypto has seen a price rally of 8.4%, reinforcing the confidence of its investors.
The daily price chart reveals a bullish state, as the current price action has risen above the short-term 50-day exponential moving average (50 EMA), which stands at $104. Further, the short-term bull-bear power indicates the dominance of powerful bulls, suggesting a notable uptrend.
It is crucial to note that despite the recent surge, the current trading price of $111.33 represents a significant drop from its all-time high (ATH) of $428.38, recorded on September 11, 2021.
Moreover, Quant has experienced a 47% decrease from its 52-week high of $208. However, the recent upward trend in price indicates a potential recovery trajectory for the coin.