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CRYPTO NEWS DESK — 2022-12-03

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session


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


Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session


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)

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 token has now been in the green for five straight days, and is up nearly 7% in the last week. The RSI is currently tracking at 61.92, which is below a key ceiling of 65.00, which seems to be where bulls intend to land, and capture the $150.00 point in the process. Register your email here to get weekly price analysis updates sent to your inbox: Do you expect monero to hit $150.00 in the upcoming days? Let us know your thoughts in the comments.

— Eliman Dambell of Bitcoin News - Daily Bitcoin News

Keywords: Market Updates, Analysis, Monero, QNT, Quant, Xmr



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