|All Time High:|
|Market Cap: |
|The price of #QNT today is $101 USD.|
The lowest QNT price for this period was $0, the highest was $101, and the current live price for one QNT coin is $101.15359.
The all-time high QNT coin price was $427.
Use our custom price calculator to see the hypothetical price of QNT with market cap of SOL or other crypto coins.
|The code for Quant is #QNT. |
Quant is 5.3 years old.
|The current market capitalization for Quant is $1,221,200,815.|
Quant is ranked #49 out of all coins, by market cap (and other factors).
|There is a large volume of trading today on #QNT.|
Today's 24-hour trading volume across all exchanges for Quant is $46,996,245.
|The circulating supply of QNT is 12,072,738 coins, which is 83% of the maximum coin supply.|
A highlight of Quant is it's limited supply of coins, as this supports higher prices due to supply and demand in the market.
More Quant (#QNT) News
|This Rare Bullish Bitcoin Crossover Could Soon Form, Quant Predicts When
A rare bullish crossover between two on-chain metrics could soon be forming for Bitcoin. Here's when this analyst believes the cross would happen.
Bitcoin Realized Prices Of Two UTXO Age Bands Are Moving Towards A Cross
As explained by an analyst in a CryptoQuant Quicktake post, a bullish crossover is expected to happen soon for BTC. The indicator of interest here is the 'realized price,' which basically keeps track of the price at which the average investor in the Bitcoin market acquired their coins.
The indicator calculates this value by going through the on-chain history of each coin in circulation to see what price it was last transacted at. The metric assumes this price to be its buying price and so, after taking the mean of this value for all tokens on the network, the average cost basis of all coins is obtained.
When the cryptocurrency's price is under this metric, it means that the average holder in the sector is in a state of loss. On the other hand, the price being above the indicator implies the overall market is enjoying net profits.
The realized price of the entire user base isn't of relevance in the context of the current discussion, but two specific UTXO age bands which are 6 months to 12 months and 12 months to 18 months. What these age bands signify is that the coins (or more accurately, UTXOs) belonging to them were last moved inside their range.
Now, here is a chart that shows the trend in the Bitcoin realized price for these two UTXO age bands over the pa...
|Quant Explains How These Indicators Affect Ethereum Price
A quant has explained how the indicators like taker buy/sell ratio and Coinbase premium index can influence the price of Ethereum.
Ethereum's Relationship With Taker Buy/Sell Ratio & Coinbase Premium Index
In a new CryptoQuant quicktake post, an analyst has discussed some metrics that could hold relevance for the ETH price. The first indicator of interest here is the 'taker buy/sell ratio,' which tells us about the ratio between the Ethereum buy and sell orders in the market right now.
When this metric has a value greater than 1, it means that the taker buy volume is higher than the taker sell volume. Such a trend implies that the majority of the investors are bullish on the asset currently.
On the other hand, values below the threshold naturally imply the dominance of bearish sentiment, as there are currently more sell orders present on exchanges.
Now, here is a chart that shows the trend in the 50-day moving average (MA) Ethereum taker buy/sell ratio over the past few years:
As you can see in the above graph, the quant has highlighted the pattern that the Ethereum price and the 50-day MA taker buy/sell ratio have possibly followed during the past couple of years.
It would appear that whenever the value of the asset has rallied, the taker buy/sell ratio has gone down. This would suggest that the sell orders on the market pile up as the ETH price trends up.
The analyst notes that this is naturally because the investors become more cautious as the price continues to rise si...
|Quant (QNT) Adds 8% In The Last 24 Hours, Will It Continue To Soar?
Like most cryptocurrencies, Quant (QNT) has witnessed a considerable price rally over the past weeks. The token has added more than 8.24% over the past 24 hours.
Even the broader cryptocurrency market has recently seen tremendous improvement in its prices. Reports revealed that the cryptocurrency market outperformed the traditional equity market.
QNT saw a 14-day gain of 26.8% and a 7-day price surge of 7.58%. These performances could be credited to improving economic conditions and recent improvements on the Quant Network.
What Factors Could Be Driving Quant Price Up? Quant Network is an interoperability-enabling platform launched to connect several blockchains effectively. The Quant token price often moves in response to changes in the U.S. economy.
For example, the Consumer Price Index (CPI) for December at 6.5% showed a value in line with market expectations. CPI is a metric in the United States that measures inflation. A higher CPI signifies high inflation, while a lower value indicates a reduction. The crypto market had positive sentiments before the CPI release, which boosted the sector, including QNT.
Over the past weeks, Quant showed signs of a breakout from the descending channel. A movement above the descending channel often indicates a potential breakout, which drives the price upwards. This trend could also be one of the factors influencing Quant's rally.
Data indicates that Quant might have seen a double-bottom on the daily time frame while the cryptocur...
|Quant (QNT) Records Biggest Whale Transactions In 16 Months
According to a report by Santiment, Quant (QNT) has just recorded its largest amount of whale transactions in 16 months. The on-chain analytics platform noted that 187 QNT transactions were executed today, culminating in a value of over $100,000, the highest the Quant Network has recorded since September 2021.
Quant Whale Activity Soaring
Just over a week ago, Santiment had also reported some level of whale activity on the Quant Network that caused the QNT token to boost in value by 10%. However, unlike then, the massive increase in whale transactions today is yet to produce such positive effect.
At the time of writing, the price of QNT has decreased by 1.18% in the last 24 hours, falling to a value of $112.71. According to more data by CoinMarketCap, the token's 24-hour trading volume has also declined by 24.38%. That said, Quant (QNT) remains the 32nd largest cryptocurrency with a market cap value of $1,361,238,271.
What To Expect From Quant (QNT) In 2023? Quant (QNT) is believed by many to be one of the most promising coins for 2023. Although the token’s price dropped by 40% over the previous year, Santiment tweeted a report stating that QNT’s total supply on exchanges had decreased by 23.4% within the same period.
This indicates the coin experienced an increased demand in 2022 and could be set for a massive price rally as the crypto market recovers in the coming months.
According to price predictions by Bitnation, ...
|Quant Explains How Bitcoin MVRV MACD Can Signal Price Trends
A quant has broken down how the Bitcoin MVRV MACD oscillator could be used to check for signals in the price.
Bitcoin MVRV MACD Oscillator As Price indicator
As explained by an analyst in a CryptoQuant post, this metric can help detect both the lows and the highs in the price, as well as the greater trends. The 'Bitcoin MVRV' is an indicator that measures the ratio between the market cap and the realized cap.
Here, the 'realized cap' is a capitalization model for BTC that values each coin in circulation at the price at which it was last moved, rather than taking the same current BTC price as the value of all the coins, as the normal market cap does.
Since the realized cap is sort of a 'true' value model for the coin, its comparison with the market cap (in the MVRV) can tell us whether the coin is undervalued or overvalued at the moment. When the MVRV is greater than 1, it means BTC is overpriced right now, while having values below the threshold suggests it's underpriced.
Now, to use MVRV as a trading tool, the quant has taken the MACD oscillator of the indicator. A MACD oscillator is just the difference between the short-term and long-term exponential moving averages (EMA) of the metric in question. Here, these EMAs are the 50-day and the 100-day versions.
The below chart shows how the Bitcoin MVRV MACD can be used for finding tops and bottoms in the price:
According to the quant, whenever the MVRV MACD has been higher than 0.3, it has been a signal that BTC is overbought...
|Quant Explains How This Nasdaq Support Retest Could Also Help Reverse Bi...
A quant has explained why the recent retest of a critical support level by Nasdaq may help Bitcoin reverse its own trend.
Nasdaq-100 Has Recently Retested A Critical Support Trendline
As pointed out by an analyst in a CryptoQuant post, Nasdaq-100 is currently above a support line that has historically been important.
Nasdaq-100 (NDX) is a stock market index that includes 102 equity securities issued by 101 of the largest non-financial companies (based on their market caps) listed on the Nasdaq stock exchange.
Here is a chart that shows how this trendline has acted as a bounce in the index's price over the past decade:
As you can see in the above graph, the price of NDX has been supported five times by this trendline since the year 2010. In each of these instances, the line has put a check on the decline in the index, and has consequently reversed it back up.
Recently, the Nasdaq-100 index has once again made a touch of this trendline, and has so far managed to stay above it.
The quant notes that this retest could have been the end of the latest downwards trend, and might have also been the point of return of a bullish trend.
However, if the trendline is lost instead, it would show the extreme strength of the downtrend, and would suggest that there is more drawdown ahead for the market.
At the same time, Bitcoin has also been testing a support line, as the analyst has highlighted in the chart:
In the past year or so, Bitcoin has shown to be highly correlated with the sto...
|Biggest Movers: MATIC, QNT Move Higher on Friday, as Cryptos Rebound
Polygon was a notable gainer on Friday, as cryptocurrencies moved higher following a turbulent week of trading. The global crypto market cap is 2.28% higher as of writing, as markets prepared for the release of U.S. consumer sentiment data. Quant was another big mover, as prices surged for a second straight day.Polygon (MATIC)
Polygon (MATIC) was a notable mover on Friday, as the token surged to its highest point since Monday.
Following a low of $0.9062 on Thursday, MATIC/USD raced to an intraday peak of $0.9324 earlier today.
As a result of this, the token moved closer to a key resistance level of $0.9540, which was last hit December 4.
Whilst prices near a ceiling, the 14-day relative strength index (RSI) has also moved towards its own point of support at 53.00.
The 10-day (red) moving average is also trending higher, with it remaining above its 25-day (blue) counterpart.
Despite recent turbulence, this is a sign of bullish momentum in the market, with some expecting further surges in price this weekend
Quant (QNT) was another token to surge on Friday, with prices rising for a second straight session.
QNT/USD moved to a high of $124.88 earlier in the day, less than 24 hours after hitting a bottom at $120.70.
Today’s move sent QNT past a recent resistance point at $122.00, with bulls now appearing to take price to a higher ceiling.
Looking at the chart, this point of resistance seems to be the $132.00 mark, which is where quant started the week.
|Quant Shows Potential For Surge Beyond $150 – Can QNT Hit Its Targ...
Quant (QNT), a cryptocurrency with a total market cap of $1.88 billion, is outperforming some of the more popular altcoins out there, going up by 10% during the last seven days.
According to latest tracking from Coingecko, at the time of this writing, the altcoin is changing hands at $129.88 and is in the midst of a 22.5% increase over the previous two weeks.
At a glance:
Quant has established important support zones of $111.5 and $100
QNT may soon test the $157 resistance territory
The altcoin is enjoying a weekly gain of 10%
Prior to the crypto market woes that were brought about by the collapse of the FTX exchange platform, the digital asset was enjoying a good run above the $160 region.
After the exchange imploded, QNT was hit very hard, diving all the way down to $95.28 on November 14. Since then, the digital coin has done a great job of bouncing back to reclaim and sustain the $100 territory.
Over the last few days, Quant's price action formed an ascending triangle pattern which indicates more bullish activity from the 30th largest cryptocurrency in terms of overall valuation.
A Possible Push Beyond $150 Zone For QNT
With its Relative Strength Index (RSI) positioned above the neutral zone, there is indeed a positive outlook for the trajectory of Quant price.
On three different occasions, QNT has already tested its support and resistance trendlines of $128-$125, indicating that traders have active participation for the asset's technical set-up.
The asset, on December...
|Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Strai...
Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday's volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day.Quant (QNT)
Quant (QNT) was trading near a multi-week high on Saturday, as prices rallied above a notable resistance point.
QNT/USD rose to an intraday high of $131.95 to start the weekend, less than a day after it fell to a bottom of $121.95.
This surge in price pushed quant towards its highest point since Nov. 9, when price was trading at $150.60.
Looking at the chart, today's rally came as the token moved beyond a resistance at the $125.00 mark.
In addition to this, the 14-day relative strength index (RSI) is tracking at its strongest point since October 26, with a reading of 54.85.
Although this is below a resistance of 55.00, many expect QNT to move beyond this over the weekend, with price moving towards $140.00.
Monero (XMR) was another notable gainer on Saturday, as prices edged closer to a key ceiling.
Following a low of $143.30 in yesterday's session, XMR/USD moved to a peak of $148.19 earlier today.
This saw monero hover close to a resistance point of $150.00, as bulls attempt to recapture a recent three-and-a-half-week high.
As can be seen from the chart, XMR hit a three-week high on Thursday, when price traded at a top of $159.45.
Overall, the toke...
|Quant (QNT) Struggles Above Key Support Of $100; Here Are Levels To Watc...
QNT's price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100.
QNT's price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors.
QNT's price looks weak and continues to trade below the daily 50 Exponential Moving Average (EMA) as bulls attempt to reclaim the region. The price action displayed by Quant (QNT) in previous weeks was not short of a spectacle but has yet to meet those expectations, with the price showing so much price action in recent weeks, rallying to a high of $240. Following the collapse of the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on each passing day signifying the bottom is not yet in, leading to the price of many altcoins, including Quant (QNT), battling for survival. The Domino effect of the FTX saga on investors has left the market at a standstill as the market has yet to make a major move after previous weeks saw the price of QNT struggling to hold above $100. (Data from Binance)
Quant (QNT) Price Analysis On The Weekly Chart
The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline.
The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases leading to ...
|Quant Wallet Holders Reach More Than 90,000 – Time To Buy QNT?
Quant (QNT) may not be like the Bitcoin and some of its fellow altcoins like Ethereum, Dogecoin and even Shiba Inu in terms of social dominance but it is silently making its move to be included among the list of must-have crypto assets right now.
The cryptocurrency, ranking 32nd in terms of market capitalization, seems to have recovered a bit after the broader market experienced a severe slump triggered by the collapse of FTX which used to be the third largest exchange platform in the world.
According to tracking from Coingecko, over the last seven days, Quant managed to jump by 7.7% and has so far trimmed its 30-day losses to just 44%. At the time of this writing, the digital asset is changing hands at $115.85.
The steady performance of the altcoin despite the multiple occurrence of bearish cycles in the market over the last few months seem to have sparked greater interest for it as evidenced by the sudden but impressive increase in addresses that hold the crypto asset.
A Decent Growth For Quant
Some experts believe that one of the best ways to measure the growth of a crypto network is the number of addresses that hold a particular cryptocurrency.
Quant notched an important milestone in that department as it successfully added 13,000 wallets in just a span of seven days.
This is the biggest number that was tallied by QNT on a weekly basis. It is also important to note that over the last 236 weeks, the crypto’s network recorded 77,000 addresses that were...
|Quant Points Out Striking Resemblance Between 2017 And 2021 Bitcoin Cycl...
A quant has pointed out the similarities between the 2017 and 2021 Bitcoin cycles, something that could hint at how the rest of this bear market might play out.
Both 2017 And 2021 Bitcoin Cycles Saw New Lows Around The 365-Day Mark Since The Top
As explained by an analyst in a CryptoQuant post, the two cycles are more similar than one might expect them to be.
The indicator of relevance here is the 'drawdown from ATH,' which measures the percentage decrease in the price of Bitcoin following the all-time high during each cycle.
Here is a chart that shows the trend in this metric for the 2017 and 2021 cycles:
Looks like the current cycle hasn't gone as deep as the previous one yet | Source: CryptoQuant
In the above graph, the start point for the 2017 Bitcoin cycle drawdown is in the December of 2017, when the all-time high of the period was set.
Following this top, the price of the crypto took a sharp plunge until around when the drawdown from the ATH had reached a value between 65-70%.
After reaching these drawdown values, the price started to stabilize, and ran sideways for about 110 days.
Then, however, in the November of 2018 the value of Bitcoin suddenly collapsed, and kept declining until the bottom was reached around 365 days following the ATH.
As for the current 2021 cycle, the top formed last November, and since then the price has been dropping off.
|Biggest Movers: QNT Extends Recent Gains, Climbing by 10% on Saturday
Quant moved higher for a second straight session on Saturday, as prices rose by as much as 10%. The move sees the token break out of a key resistance level, with many now expecting a move towards $200. Xrp was also higher, extending recent gains in the process.Quant (QNT)
Quant (QNT) was up for a second straight day, as prices rose by as much as 10% to start the weekend.
Less than 24 hours after hitting a peak of $179.15, the token surged to an intraday high of $193.75 earlier today.
Today's move sees QNT/USD break out of its recent resistance point of $185.00, with many now expecting prices to move back to $200.
However, earlier gains have somewhat eased, and as of writing, the token is currently trading at $182.97
Looking at the chart, the 14-day relative strength index (RSI) is now tracking at 60.88, after failing to move past a ceiling of 65.00.
Should bulls eventually overcome this obstacle, it is likely that we will see the price move back above $200.00.
Another notable mover on Saturday was XRP, which rose by over 6% to start the weekend.
XRP/USD rose to a high of $0.4668 on Saturday, which follows up from Friday's low of $0.4418.
The move sees prices bounce from a key support point of $0.4495, moving away from a three-week low in the process.
Looking at the chart, the move comes as the 14-day RSI marginally broke out of a resistance level of 49.00.
Currently, the index is tracking at 50.03, which is the highest point price strength has hit since Tuesday, signal...
|Biggest Movers: QNT Rebounds on Friday, UNI Extends Recent Decline
Quant ended a streak of three consecutive declines on Friday, as prices rebounded following recent losses. The move saw the token bounce towards its recent resistance level of $180.00. Uniswap, on the other hand, remained in the red, falling below a key support point in the process.Quant (QNT)
Quant (QNT) rose higher on Friday, as prices rebounded following three days of straight declines.
Earlier in today’s session, QNT/USD rose to an intraday peak of $179.15, less than a day after falling to a low of $159.06.
The move saw the token rise from yesterday’s one-week low, which came just days after trading close to a one-year high.
Looking at the chart, today’s rebound in quant saw the 14-day relative strength index (RSI) also move away from a support point of its own.
As of writing, the index is tracking at 59.01, near its lowest point since September 23.
The next visible resistance seems to be at 65.00, and should price strength reach this point, we could see QNT trading above $200.00.
On the other side of the spectrum, uniswap (UNI) was one of Friday's biggest losers, as prices fell by nearly 8%.
UNI/USD, which rose to a peak of $6.49 during yesterday’s session, slipped to a low of $5.85 earlier today.
As a result of today’s sell-off, uniswap fell below a key support point of $5.95, hitting its lowest point since October 13 in the process.
Friday’s decline in price has also pushed the RSI to a floor of 42.30, which is the w...
|Quant Gets Listed On Binance Futures As Price Retests $170; What's Next ...
QNT's price remains strong despite rejection from a high of $220 as the price holds above the key support area.
QNT to look green as price takes the crypto market by surprise and leaves bears in disbelief as Binance list QNT in its futures trading platform.
The price of QNT trades above $160 as the price continues its uptrend above 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.
The price of Quant (QNT) despite having a rough start to its price in previous weeks, has shown what to expect as the crypto market goes back to its trending days as price showed some great strength leaving bears in disbelief. The crypto market hasn't enjoyed the Uptober that many were expecting as the market continues to range despite showing great signs of a rally in the early part of the month. Bitcoin (BTC), Ethereum (ETH), and other crypto assets have remained dormant except for a few exceptional coins like Quant (QNT), which have shown bullish price movement. (Data from Binance)
Quant (QNT) Price Analysis On The Weekly Chart
Weekly QNT Price Chart | Source: QNTUSDT On Tradingview.com
Most projects have not fared well in the bear market, as most have seen more than 50% price declines, discouraging most traders and investors from stockpiling these assets.
With Bitcoin's dominance (BTC.D) rising, this could hurt the price of most crypto assets.
|Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics
Quant is showing a strong push in the face of struggles in the crypto space as it doubled (and added some more) its 14-day price pump.
Quant outperforms Bitcoin and Ethereum in terms of 14-day and 30-day price increases
QNT is down by almost 10% over the last 24-hours but is still up by almost 29% over the last week
Quant could rally all the way up to $300
While a price increase of 28.9% over the last two weeks already sounds impressive considering the extended winter season that caught up with the cryptocurrency market, Quant was able to top that with its gains for the past 30 days.
At press time, tracking from Coingecko shows the spot price for QNT is $183.39. While it went down by almost 10% over the past 24-hours, it is still up by 76% on its month-to-date performance.
The 30th largest cryptocurrency in terms of market capitalization ($2.668 billion) is among the highest gainers right now, outperforming pack leaders Bitcoin and Ethereum in this department.
Quant Fails To Sustain Price Above $200
The altcoin made an impressive recovery from its February showing when its resistance marker was at $140. In crypto space, resistance refers to the point when an asset’s price stops increasing.
Bulls were able to dominate the bears and the increased trading volume for Quant was reflected on the asset’s On-Balance Volume (OBV).
Much like its price, QNT’s Relative Strength Index (RSI) also experienced a massive surge that led to a score of 71 which indicated th...
|Quant (QNT) Gains Over 34% In A Turbulent Week For Others
Quant (QNT) is the first blockchain OS that enjoyed continued gains in the last week despite other coins facing turbulent times. The top-30 coin has enjoyed a five-day upswing, gaining over 34%. As of writing, Quant's price is trading at $198, although it broke its $206 resistance during the day.
The token is experiencing a resurgence that has seen it beat Bitcoin (BTC) and Ethereum (ETH) over the same period. Santiment, a blockchain analytics startup, attributes QNT's increase to 'Volume, daily active addresses, and whale accumulation.' The company also said that whales had amassed 15% of the currency in just 5 months. Intotheblock data reveals that around sixty percent of coin holders acquired their coins between one and twelve months ago.
However, it appears that the network’s recent changes are what piqued the interest of a new generation of holders. The network introduced the Tokenise mechanism in June, enabling the production of QRC20 tokens compatible with ERC20 tokens. The network also supported the QRC721 standard, allowing users to build and deploy safe, interoperable non-fungible tokens on its blockchain.
Lunar Crush's data also suggests that social media generally has positive attitudes toward the currency. Quant’s social mentions and interactions increased by 43.24% and 64.57% in the last week, respectively.
QNT's price is currently trading above $198. | Source: QNTUSD price chart from TradingView.com
What The Charts Say About Quant
Quant coin price i...
|Biggest Movers: QNT Climbs to Highest Point Since Last December
Quant was one of the big movers in crypto markets to start the week, as the token rose beyond $200, hitting its highest point since last December. The move means that the token has now risen by nearly 40% in the last seven days. Monero was another notable gainer, rising for a second straight day.Quant (QNT)
Quant (QNT) surged higher to start the new week, hitting its highest point in nearly a year in the process.
Following a low of $182.88 on Sunday, QNT/USD raced to a peak of $226.09 earlier in today's session.
This is the strongest point that QNT has traded at since December 12, 2021, when it was at a high of $236.00.
Looking at the chart, today's move comes as the relative strength index (RSI) of 14-days rose past a key ceiling.
The index is currently tracking at 87.03, which is its highest point in over a year, and this comes following a breakout of the ceiling at 75.00
QNT has already slipped from earlier highs, as bears saw an opportunity to push prices lower, as they moved deep into overbought territory.
Monero (XMR) was also in the green on Monday, as the token rose for its second consecutive session.
XMR/USD surged to a high of $145.03 earlier in the day, which comes less than 24 hours after trading at a low of $141.48.
Today's climb comes as the token continued to move away from its recent support point of $137.00.
As of writing, the token is now trading at $143.90, with earlier bulls opting to liquidate their positions, as a resistance point looms.
|Quant (QNT) Skyrockets Through $200 – Here Is Why
While the broader crypto market continues to linger in bear territory, one cryptocurrency continues its steep climb undeterred and now occupies rank #27 in the top cryptocurrencies by market capitalization.
Quant (QNT) was trading at half its price exactly one month ago. Today, QNT broke through the $200 mark for the first time since November last year and is currently writing its fifth weekly green candle, according to TradingView. At the time of writing, Quant is trading at $216.
Apparently, the QNT is currently carried by an extremely large hype, which is reflected in the Relative Strength Index (RSI), which is close to a value of 75. An RSI of over 70 indicates an overheated market, as the price has risen too high too quickly. Thus, according to trading theory, a cool-down in the form of a retest of the last high at $133 for QNT could be possible.
QNT’s price is currently above $216. | Source: QNTUSD price chart from TradingView.com
Reasons For The Skyrocketing Price Of Quant
One of the drivers for the hype seems to be the news of the last weeks. In particular, the global trend and call for Central Bank Digital Currencies (CBDCs) has garnered Quant extremely positive headlines.
Quant's CEO Gilbert Verdian is extremely well-connected, as a pseudonymous Quant community member recently revealed. Thus, Verdian took a seat at the European Central Bank alongside the Central Bank of Italy, the Central Bank of Lithuania, and the London Stock Exchange.
|TOP 5 Cryptos To Watch This Week – BNB, BTC, ETH, QNT, LEO
In previous weeks, the crypto market looked like it was set to lose its key support with major altcoins such as Bitcoin (BTC), Ethereum (ETH), and other altcoins at the brick of losing their support area holding price sell-offs. Despite the uncertainty, some altcoins have continued to look green at the face of any litmus test. Let us discuss on top 5 cryptos you should pay attention to this week.
Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to lose.
Top 5 Cryptos- Bitcoin (BTC) Price Analysis On The Daily Chart
Daily BTC Price Chart | Source: BTCUSDT On Tradingview.com
Last week BTC saw its price decline from a region of $19,200 to $18,100 with what looked like a manipulation ahead of the Consumer Price Index news; BTC bounced from its key demand zone as price rallied to $19,600 before facing a rejection to break and hold above this region.
The price of BTC failed to close the weekly candle above $19,500, creating mixed feelings as regards its next movement and direction.
BTC is currently trading at $19,400; the price of BTC needs to break and close above $19,500 to ignite a possible price rally to a region of $20,200.
Top 5 Cryptos- Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart
Daily ETH Price Chart | Source: ETHUSDT On Tradingview.com
The price of Ethereum in recent weeks had become a shadow of itself after the successful launch of the 'Ethereum Merge...
|Biggest Movers: QNT Hits 10-Month High on Saturday
Quant rose to its highest point since the start of the year on Saturday, as prices climbed for a third straight session. In addition to this, tron was also higher, as the token attempted to break out of a key resistance point. Overall, cryptocurrency markets were down 1.95% as of writing.Quant (QNT)
Quant (QNT) was one of the notable movers to start the weekend, as the token surged to a ten-month high.
Following a low of $162.00 on Friday, QNT/USD surged to an intraday peak of $184.98 earlier in today's session.
This move saw the token climb to its highest point since January 8, and comes following three days of gains.
As of writing, the 14-day relative strength index (RSI) is now deep in overbought territory, and is tracking at 80.19.
This is marginally above a ceiling of 79.00, and this could mean that bears could be looming, looking for any slips, before reentering.
Should bullish momentum remain high, we could see traders target an exit around the $190 level.
Tron (TRX) was another big gainer to start the weekend, as prices attempted to break out of a key resistance level.
TRX/USD raced to a peak of $0.06501 earlier in today's session, which comes less than a day after hitting a low of $0.06174.
As mentioned earlier, the move saw tron collide with a ceiling of $0.0650, which hasn't been broken since late-August.
Since hitting this peak, TRX has since slipped, and as of writing, is trading at $0.06264.
The 14-day RSI is now back below a ceiling of 57.00, and ...
|Quant (QNT) Holds Gains When Top Cryptos Plummet Following BTC
Despite being a lesser-known cryptocurrency, Quant has held gains while top coins, including Bitcoin, have fallen in value. The price of Quant had fallen along with the rest of the crypto market at the start of the year. However, it has slowly experienced growth since then, trading at $157 at press time. This is over 248% gain from its yearly low of $44.42 on June 17.
Quant's weekly and three-month charts have also been in the green. Its weekly chart shows that the coin has been on an uptrend for the past two weeks. The coin has seen some volatility, but it has been able to hold onto its gains. This is quite impressive given the recent dump seen by other cryptocurrencies, including Bitcoin, the pioneer crypto.
Quant Price Analysis
Quant (QNT) prices continued to climb for a second day on Thursday, hovering above an eight-month high. The coin reached a new all-time high of $163.83 on Sunday, the first time this has happened since February 8. Earlier on in today's trading session, the QNT/USD pair reached a high of $157.80. This brought the coin’s price to within $6 of the all-time highs stated earlier.
QNT's 14-day relative strength index (RSI) is at 70.19, which indicates that the stock is overbought after recent gains. This is just below a resistance level of 71.00. Quant bulls will need to break through this resistance to propel prices higher. This area is also expected to see heightened price uncertainty as bears wait for a chance to rejoin the market.
|Crypto Quant Data Hints An Imminent Bitcoin Price Rally, Will It Be Stro...
The beginning of 2022 has been rocky for the world's largest cryptocurrency, Bitcoin. Many experts believe the digital token will eventually hit the $100K price. For them, this is not a case of if but when. Deutsche Bank also reported that some Bitcoin investors see BTC reaching a price of $110,000 in five years.
Meanwhile, experts warn new crypto investors, stating they should be cautious about how much they wish to invest. They mentioned this considering the volatility of BTC in recent times.
The token had displayed a remarkable rise in value over the years. So even though the market is still bearish, investors anticipate a short-term bull run in its price soon.
Briefing On Bitcoin Price Movement
While the crypto market currently looks unfavorable for investors, BTC is seemingly shaping up for a rebound. It has remained around the $19K price level since dropping from $22,000 in September. Bitcoin has maintained a ranging movement, which many believe is a sign of, at least, a short-term rally.
The unfavorable price movement of Bitcoin can be traced to multiple factors coinciding with the current global financial downtime. Another major factor that led to the drop in the crypto market was the crash of Terra.
Since mid-June this year, the event has kept BTC hovering around the $20K price mark. Though there were times it went past this price level.
Anticipated BTC Rebound
While the market remains in the bear zone, the crypto market is showing signs of a rebound. This is eviden...
|Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher
Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing.Quant (QNT)
Quant (QNT) rose for a second consecutive day on Wednesday, as prices remained close to an eight-month high.
On Sunday, the token surged to a peak of $163.83, which is the highest point quant has hit since February 8.
Earlier in today’s session, QNT/USD was at a high of $157.80, which sees prices only $6 away from the aforementioned peak.
As a result of recent gains, QNT is now firmly in overbought territory, with the 14-day relative strength index (RSI) tracking at 70.19.
This is marginally below a ceiling of 71.00, which quant bulls will need to overcome, should they intend to send prices higher.
Price uncertainty will likely be heightened around this region, with bears potentially also waiting for the opportunity to reenter.
Hedera (HBAR) was another notable gainer on hump day, with the token climbing by as much as 11%.
Following a low of $0.05879 on Tuesday, HBAR/USD managed to rise to a peak of $0.06596 earlier today.
As a result of this surge in price, hedera has now hit its strongest point in one month, since when the token was trading above $0.0737.
Looking at the chart, HBAR has since fallen from earlier highs, as bears reentered the market followin...
|Quant Price Watch: Crypto Looking At 20% Rally This Week With This Patte...
Quant (QNT) may be one of the lesser known cryptocurrencies compared to Bitcoin, Ethereum, XRP, Cardano and Dogecoin, but is one of those digital assets that is set for a bullish rally over the next few days.
Quant’s notches 14.44% seven-day advance
The crypto is expected to rise by 20% due to its bullish momentum
QNT is outperforming a lot of altcoins after the September bearish market
At press time, tracking from Coincodex shows the crypto is changing hands at $153.63 and is enjoying a 14.44% increase for the past week.
The digital currency attained its all-time high on September 11, 2021 when it traded for $424.43 but has fallen victim into the expected volatility of the crypto space and at one point fell to $40.97.
But armed with resilience, the asset managed to recover and rise to $163.41 (its highest price after its all-time high) and is sitting at a bullish sentiment.
Quant Price Pattern Analysis
Under what is known as the head and shoulder pattern, Quant’s price is looking at an immediate bullish run, potentially once again outperforming other more popular and bigger cryptocurrencies.
The asset is coming from an impressive jump from its September value of $86, increasing by as much as 78% to trade at above $150.
There is an observed struggle for the crypto as it tests the $160 level. Bears are attempting to control inflation, contributing to this scenario.
If Quant is successful in breaking the $155 resistance marker, sideline traders will have the opp...
|Quant Explains How US Stock Market Volumes Influence Bitcoin Price
A quant has explained how there is a connection between the recent trends in the US stock market volumes and the Bitcoin price.
TradFi Depth Oscillator Has Hit A Low And Is Now Turning Back Up
As explained by an analyst in a CryptoQuant post, the volume depth in traditional finance markets has been low recently.
The 'TradFi volume' is a measure of the total amount of transactions that buyers and sellers are making on the US stock market.
There is a concept called 'market depth,' which is the ability of any market to take in large orders without impacting the price of the commodity much.
Generally, the more orders there are in a market, or simply, the higher its volume, the stronger the depth of the asset. However, something important is that these orders should be spread evenly within the market, otherwise the depth wouldn't be as great.
Using an oscillator, the cyclical trend in the depth of any asset can be noticed. Here is a chart that shows how the US stock market volume depth oscillator has changed its values during the last few months:
The value of the metric seems to have been turning around in recent days | Source: CryptoQuant
As you can see in the above graph, the quant has marked the relevant zones of trend between the Bitcoin price and the TradFi volume depth oscillator.
It looks like whenever the indicator has transitioned from positive to negative values, the value of the crypto has observed bearish winds.
On the other hand, the metric crossing the zero line t...
|Quant (QNT) Marks Positive Movement When Major Coins Face Dumps
Quant (QNT), a top 100 cryptocurrency on CoinMarketCap, has marked positive moves in the last few weeks. This is coming when major coins are facing dumps due to bearish market conditions.
The token has stayed green for 4 weeks, gaining over 47.37% since its $95.1 price on September 1st. The price action has been driven by strong volume and trading activity. Federal Reserve released inflation figures. The stock market crashed, taking the cryptocurrency market with it because of the correlation between the S&P 500 index and Bitcoin.
QNT fell along with the rest of the crypto market on September 13, halting its upward momentum shortly. Market uncertainty and mistrust also made it hard for bulls to boost Ethereum and Bitcoin prices. At that time, the price of QNT had a challenging time moving beyond $112.12. This price acted as its resistance level for the next few days.
Quant finally broke above the $115 mark on September 24th and continued climbing higher. During this time, the majority of coins on the market still lagged behind QNT. The token is still on an upward trend, trading at $132 as of press time. It has gained over 45.65% in the past four weeks.
QNT's price is currently hovering above $132. | Source: QNTUSD price chart from TradingView.com
What The Charts Say About Quant's Movement
A formatted inverted head and shoulders pattern emerged on the Quant seven-month price chart. This bullish reversal is frequently seen near market bottoms. It signals a shift in market senti...
|Biggest Movers: QNT Nears 6-Month High, DOGE Extends Recent Gains
Quant moved close to a six-month high on Saturday, as the token remained in the green for a second consecutive session. The rally comes as prices are now up by over 25% in the last seven days. Dogecoin was also in the green, as prices moved higher for a third consecutive day.Quant (QNT)
Quant (QNT) was one of the notable gainers to start the weekend, as prices moved closer to a six-month high.
QNT/USD raced to an intraday high of $146.52 on Saturday, less than a day after trading at a low of $138.40.
Today's high was marginally below Friday's peak of $147.00, which is the strongest point that quant had hit since March 29.
Looking at the chart, the move comes as the relative strength index (RSI) broke out of a ceiling at 73.00.
As of writing, the index is tracking at 75.81, which is deep in overbought territory, and could act as a signal for bears to reenter the market.
The 10-day (red) moving average continues to remain higher, however, bulls will likely begin to consider securing gains and taking profit.
Another notable mover in today's session was dogecoin (DOGE), which rose for a third straight session.
Following a low of $0.05996 on Friday, DOGE/USD rose to an intraday high of $0.06281 on Saturday.
Today's rally in DOGE sees prices climb to their highest point in the past four days, and value appears to be heading towards a resistance point of $0.0640.
However, earlier gains have somewhat eased, following a collision with a ceiling on the RSI indicator....
|QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally
QUANT is making some positive noise, despite the bear market, with QNT notching gains in the last week.
Most cryptocurrency exchanges have made some decent profits recently, despite the beatdown form the broader crypto market.
Cryptocurrencies, meanwhile, have kept the charts green even while the stock market suffers from larger macroeconomic issues.
One of the tokens is QNT, which gained 35.77 percent, making it one of the top gainers of the past seven days. An improvement in the coin's fortunes may be in the offing.
Market trust in cryptocurrency could be bolstered by the rise of Quant as the market recovers.
QUANT Recovers, Up 50%
Inflation data announced by the U.S. Federal Reserve on September 13 jolted global financial markets. Due to strong links between the S&P 500 index and Bitcoin, the stock market brought down the cryptocurrency market with it.
Back then, the QNT price had a hard time moving above the $112.12 barrier. As of September 13 and beyond, the crypto market as a whole plummeted, and QNT was no exception, instantly experiencing a decline.
At the same time, market uncertainty and skepticism made it difficult for bulls to drive the price of Ethereum and Bitcoin higher.
As of this writing, the token's value has increased by about 50 percent since September 13. During this latest occurrence, the majority of coins merely enjoyed modest gains. But what do the current signs reveal?
Market Shifts Anticipated
Currently, the Stoch RSI is...
|Biggest Movers: QNT Hits 6-Month High, ATOM Falls to 20-Day Low
While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today's move came as the token broke out of a key resistance level, en route to its strongest point since March. Cosmos was another notable mover, dropping for a second straight session.Quant (QNT)
Quant (QNT) rose to a six-month high on Wednesday, despite crypto markets mostly hovering in the red.
Following a low of $122.08 on Tuesday, QNT/USD rallied to a hump-day high of $143.26 earlier in the day.
The move came as prices raced past a key resistance point of $133.00, hitting their highest point since March 29 in the process.
Shortly after the breakout, we saw bears reenter the market, likely as a result of uncertainty spurred by earlier bulls who opted to close positions.
As of writing, quant is currently trading below the aforementioned resistance point, with the 14-day relative strength index (RSI) also hitting a ceiling.
Currently, the index is deep in overbought territory, and tracking at 70.47. Should bulls aim to take price higher, the ceiling of 71.00 on the RSI will need to be broken.
On the other side of the spectrum, another notable mover on Wednesday was cosmos (ATOM), which fell by as much as 10%.
ATOM/USD slipped to a low of $12.69 earlier in today's session, breaking out of a key support point of $13.40 in the process.
This decline pushed cosmos to its lowest point since September 8, days after the token rallied from a support of $11.55