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.