QNT trade close to the recent highs as Wednesday’s session was turbulent. It was mostly in the green during the humpday, dropping by as much as 7%. NEAR declined as well, the prices of NEAR heading towards a one year low.
Quant (QNT)
QNT remained close to a two-month high on Wednesday, despite prices falling by as much as 7% earlier in today’s session.
The token dropped to an intraday low of $78.46 during Wednesday’s action, as prices moved towards support at $75.
Since this drop, prices have somewhat risen, with the token now trading at $80.20, which is around $10 away from last week’s high.
This was $90.35, the high QNT/USD traded at since June 9th. However, traders probably liquidated previous positions to return bearishness.
QNT has seen recent gains as its 10-day moving average climbed against the 25 day MA. However, this momentum was stopped by the $90.35 price limit.
Even though bears contributed to volatile trading this week, the momentum remains somewhat bullish and could increase in future sessions.
Near Protocol (NEAR).
NEAR hovered close to the one-year mark on Wednesday as prices dropped for the fourth consecutive session.
Near/USD fell after a Tuesday high at $3.33. It then dropped to a lower low on Wednesday, $3.07, on the hump-day, its lowest level for two weeks.
This is marginally higher than the June 20 bottom, when prices dropped to $2.65. That was the lowest price for NEAR since Aug 2021.
Prices of the token are trading close to $3 support at time of writing. This could make it an excellent reentry point to bulls.
Historical data shows bulls have often bought near the support point. If the 14 day RSI is above its floor, this may reoccur.
The 37.9 level is where NEAR stands at this time. Should it hold for three more weeks, NEAR could rise to $4.
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