Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-08-24 11:11:38

QNT Prices Skyrocket With Golden Crossover, Hint At A 20% Jump

The Quant (QNT) technical analysis shows a bullish reversal from the golden crossover of the 50 and 200-day SMA, teasing an uptrend to the $135 mark. The QNT price trend shows a bullish turnaround from the 200-day EMA falling below the support trendline, while the 50-day EMA supports the uptrend. Since the weekend, the prices have jumped by 12% resulting in the $106 breakout. But, will this uptrend continue to reach the overhead resistance at $135? Key Points: The QNT market price shows a bullish reversal from the 200-day SMA. The MACD indicator projects a potential bullish crossover teasing a trend reversal. With a market cap of $1.33 billion, the intraday trading volume of Quant has increased by 8.82% to reach $29.90 million. Source – Tradingview QNT Technical Analysis After displaying a phenomenal bullish trend of 162% between July and mid-August, the QNT prices break below the support trendline. After facing opposition from the $130 mark, and overhead resistance trendline, the prices dropped by 22% to take support at the 200-day EMA. However, the golden crossover of the 50 and 200-day EMA halts the falling prices resulting in a bullish turnaround. With the increased demand at the supporting 50-day EMA, the market value has recovered by 12% within the last four days. With the QNT prices sustaining above the $106 level, the possibility of an uptrend to the $133 mark increases. However, an increase in selling pressure might r...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.