QNT Hovers Above the $100 Level, is This Support? –

• Quant price is showing a bullish rally after holding above the $100 conceptual round level.
• QNT crypto is trading above all important moving averages.
• As the next approach, the bulls are aiming to reach the $150-resistance.

Buyers reversed their trend in June, indicating that Quant Token is in a bullish mood. At the same time, the cost of the altcoin is climbing, as bulls anticipated an uptrend following the horrific violence. The acceleration has recently risen dramatically, causing the QNT to rise past the conceptual round level of $100.

Near the 2022 lows (around $40), the bulls appeared to be acting aggressively to defend themselves from even more selling. As trading volume grew, the $40 to $50 zone (green box) became a critical demand zone for QNT investors, and the bulls can sustain this zone.

Quant token gave a breakout above the $110 level last night. As a result, QNT crypto is trading at $124 at the time of writing. Amidst the uptrend, $110 and $100 turned into major support levels for the speculators.

Due to the uptrend, the QNT token has been fluctuating above all the important moving averages like 20, 50, 100 and 200 during the daily price scale. Meanwhile, the 20-DMA (white) turned out to be an important pumping area for buyers.

The market cap of QNT crypto has increased by 13.5% to $1.5 billion in the last 24 hours. Last night buyers were actively accumulating assets, hence the trading volume increased by 199%.

RSI is in Overbought Zone 

During the daily price scale, the RSI indicator is looking upwards in the overbought zone after showing a V-shaped recovery near the semi-line. Similarly, MACD moves higher in the positive zone.

ALSO READ – MAKER Token Price Analysis: MKR token has finally broken out of the supply zone, will it sustain above it?

Conclusion

Quant token is poised to reach the next resistance level of $150 in the upcoming trading session. Buyers also look aggressive to buy as the price is trading above the all-important moving average.

Support level – $100 and $80

Resistance level – $150 and $200

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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