Quant (QNT) experienced a significant price surge, fueled by bullish chart patterns and strong trading volume. Analysts suggest the altcoin could continue its upward trajectory, potentially reaching mid-December levels.
Quant ( QNT ) surged over 10% in 24 hours, reaching $117 with trading volumes spiking 53% to $30 million. The altcoin's market capitalization hit $1.41 billion. One potential driver of this bullish sentiment is a bullish outlook on Quant 's lower timeframe chart, showing a completed W pattern often signaling an uptrend. The token surpassed the neckline of this pattern with strong volumes, indicating bullish momentum. Resistance lies at the second peak at $119.
If Quant overcomes this, it could rally to mid-December levels past $128. The Relative Strength Index (RSI) at 62 supports this bullish thesis, indicating higher buying pressure than selling pressure. The Moving Average Convergence Divergence (MACD) line also formed a bullish crossover after flipping positive, with shortening histogram bars confirming buyer re-entry. Quant's Market Value to Realized Value (MVRV) ratio declined sharply in the past month, dropping from 2.81 to 1.92. This suggests QNT holders have become less profitable, with wallets in profit falling from 85% to 39%. While this decline may indicate QNT isn't overvalued, it could lead to selling pressure if holders try to minimize losses. A cluster of liquidations at $120 on the liquidation heatmap suggests this level could act as a magnet zone if at-risk traders close positions as the price rises. If QNT rises and these open positions are liquidated, it could trigger a short squeeze, forcing short sellers to become buyers
QUANT QNT CRYPTO ALTCOIN BULLISH CHARTS TRADING VOLUME PRICE SURGE TECHNICAL ANALYSIS
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
QNT’s 2025 price targets – Why altcoin must hold above THIS level this yearQNT, a prominent player in the crypto market, has grabbed significant attention due to its bullish breakout and strong technical...
Read more »
U.S. listed momentum-driven stocks with outstanding growth potentialWe are looking for stocks demonstrating robust quant-based metrics across these leading sectors
Read more »
EIGEN Price Soars, Signaling Continued Growth PotentialEIGEN's price surged by 11.69% in the last 24 hours, reaching $5.23. Technical analysis suggests a potential for further growth, while market indicators reveal both bullish and cautionary signs.
Read more »
Maker (MKR) Soars with Analysts Predicting $5,000 Price Target by 2025Maker (MKR) is showing signs of a bullish turnaround, breaking out of a downtrend and forming positive technical patterns. Analysts predict a potential rally with a price target of $5,000 by 2025.
Read more »
APE Price Soars 11.94%, Traders Eye $2.30 ResistanceThe price of APE has surged 11.94% in a single day, reaching $1.86 at press time, with a notable 95.76% increase in trading volume. This follows a successful breakout from a symmetrical triangle pattern, indicating a potential new bullish phase. However, traders must remain cautious as the $2.30 resistance level looms large, with overbought conditions as indicated by the Stochastic RSI at 90.79.
Read more »
Bitcoin Soars to Over $100,000 Amid Trump's Lenient Crypto StanceBitcoin has reached unprecedented heights, surpassing the $100,000 mark in a rally attributed to the election of Donald Trump and his regulatory approach towards cryptocurrency. This surge follows a significant drop two years ago, emphasizing the volatile nature of the crypto market.
Read more »