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- 1 KAVA token bounced and is on the verge of surpassing the $1 mark
- 2 EGLD coin chart reveals bullish accumulation and settled above the $50 mark.
- 3 QNT token displayed a sharp pullback and is heading for the $150 mark.
The Kava token (KAVA), MultiversX coin (EGLD), and Quant token (QNT) reflected bullish sentiments and delivered sharp bounces this week. These cryptocurrencies have witnessed a pullback and are ready to outperform. Investors must watch out for these cryptocurrencies to add to their portfolio to gain big in 2024.
KAVA Glimpsed Roller Coaster Moves, Can Bulls Overtake the $1 Mark?
The Kava token (KAVA) glimpsed a sharp recovery amid the volatility, retesting the $1 mark. However, a close above the $1 mark could soon trigger a short covering move toward the $1.30 mark. The trend is bullish, and buyers are accumulating, suggesting a positive outlook.
The Kava token (KAVA) price was $0.9917 at press time, with an intraday gain of 7.96%, showing bullishness on the charts. Moreover, the trading volume increased by 7.93% to $70.92 Million, and the market cap rose to $69.53 Million. Analysts are bullish and suggest that Kava token (KAVA ) will gain momentum above the $1 mark and will outperform in the upcoming sessions.
EGLD Bounced From 100-Day EMA, Can EGLD Retest $100 Mark?
The MultiversX coin (EGLD) has given a rebound from the 100-Day EMA and retested the support zone of $50. The coin is poised to outperform, and bullish momentum was seen on the charts. If the coin succeeds in crossing the $75 mark, a sharp-up move can be seen in the following sessions.
The MultiversX coin (EGLD) price was $66.11 at press time, with an intraday gain of 5.44%, witnessing a bounce from the 50-Day EMA mark on the charts. Moreover, the trading volume increased by 32.90% to $76.64 Million, and the market cap rose to $1.76 Billion. Analysts are bullish and suggest that MultiversX coin (EGLD ) will continue to rise and may stretch toward the round mark of $100 soon.
Quant Witnesed Bounce From $100 Mark, Is The Bullish Trend Ahead?
The Quant token (QNT) gave a sharp bounce from the $100 mark, and a golden crossover was spotted on the charts. Moreover, the token has retested the trajectory, and buyers have shown their interest and succeeded in lifting the token. Furthermore, the token has an open space toward $150 to run, which bulls are looking to stretch in the following sessions.
The Quant token (QNT) price was $126.78 at press time, with an intraday gain of 3.55%, witnessing a sharp bounce from the $100 mark. Moreover, the trading volume increased by 13.78% to $60.73 Million, and the market cap rose to $1.24 Billion. Analysts are bullish and suggest that Quant token (QNT ) will extend the rebound and may retest the $150 mark soon.
Summary
The Kava token (KAVA), MultiversX coin (EOS), and Quant token (QNT) glimpsed upward movements and reflected bull accumulation. Additionally, these cryptocurrencies are well-poised and are on the verge of delivering big gains. Investors must watch out for these crypto assets and the below-mentioned levels before entering the trade.
Technical Levels
- Support Levels of KAVA:$0.9850 and $0.9700
- Support Levels of EGLD: $65 and $62
- Support Levels of QNT: $120 and $110
- Resistance Levels of KAVA: $1 and $1.20
- Resistance Levels of EGLD: $70 and $72
- Resistance Levels of QNT: $130 and $145
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.