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- Quant token is moving towards the next round level of $200.
- The all-important moving average is below the current QNT price on the daily price chart.
- Trading volume increased by 29% to $161.85 million in the last 24 hours.
Quant Token price is moving fast towards the sky zone. Against the weak sentiments of the crypto market, the QNT token successfully climbed higher since its hedge zone. Quant Token is the only crypto that has delivered more than 100% gains in the top 100 weak cryptocurrencies in the past two months.
The price action so far is forming a high-high and a high-low price structure. The bears are far from the QNT token and they continue to ignore the selloff in this crypto even though the crypto faces a retracement phase. This incredible rally is affecting new investors day by day, we can clearly see it in the increase in trading volume.
Buyers have a key support zone at the ascending trendline, which stays far below the current price of QNT. A few days before, Quant token successfully sustained above the supply zone (red zone), which has flipped into the immediate support level. Meanwhile, the Quant token price against the USDT pair is trading at $183.8 mark at press time. Although, QNT seems to be sideways in intraday trading sessions.
Amid strong bullish trend, Quant token has been moving higher towards the next round level of $200. Thus all significant moving averages are below the current price of QNT over the daily price chart, and 20 DMA acts as an immediate support level. This trending market is sustainable as trading volume increased by 29% in the last 24 hours recorded at $161.85 Million.
The daily RSI indicator is remaining into the overbought zone. In addition, MACD continues expanding higher in the positive region.
Conclusion
The Quant token price is headed towards the next ideological round level of $200. This zone may interrupt more positive moves. Bulls need to hold asset prices either before the retracement phase occurs. In other words, technical indicators are showing positivity in QNT crypto.
Support level – $150 and $100
Resistance level – $200 and $250
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.