Major crypto assets do not show any significant change in price. So it’s hard to keep track of high earners in the crypto market. Still, the coin showed impressive price action against major crypto assets.
Last week was an interesting one for Quant ($QNT), despite the fall in prices of the cryptocurrency market. Despite the hemorrhaging of top coins, $QNT is one of the few tokens on the rise. Considering this chart, QNT’s overall price action looks exceptionally bullish.
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This article provides technical insights into Quant token pricing. Also, it gives a brief description of the quant token, which is of great importance to crypto enthusiasts and investors. watch out.
Technical analysis of quant price
The weekly chart shows the quant’s peak activity. The price has moved from the downward resistance line that has been in place since September. Additionally, the gap occurred after the price rebounded to the long-term horizontal support area of $40.
The price is currently being set for a breakout test. So far, QNT has reached a high of $119, just below the $150 horizontal resistance area. As the weekly RSI has already rallied, the price will probably recover around $150.
The daily chart also provides an optimistic outlook. The token has been following an upward support line since June 13. It recently broke above the support line on September 6. After that, the price recovered the horizontal resistance area of $110 and is approaching the next resistance at $130.
Quant simulation QNT launched in 2018. The token started trading at about 27 cents. By 2021, it will reach $12. It reached a high of $428 in September 2021 but fell below $100 in February 2022.
At launch, Qat burned 9.5 million, bringing its total supply to 14.6 million as of April 2019 due to low ICO sales. The supply is constant, although the circulating supply may decrease as tokens enter the Quantum service.
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Quantum Network allows blockchain developers to launch their multi-DLT DApps (mDApps) on multiple blockchains simultaneously. This interaction prevents a developer from spending time and money building a blockchain that will fade from popularity in a few years.
Featured image from Pixabay and chart from TradingView.com