Quant closed at a six month high Saturday. The token was in green for a second consecutive session. This rally is occurring as prices have risen by more than 25% over the past seven days. Dogecoin, which saw prices rise for the third straight day, was also green.
Quant (QNT), one of the most notable gainers, was the first weekend. Prices moved closer to six-month highs.
The QNT/USD traded at an intraday peak of $146.52, less than one day after it fell to $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.
As you can see, relative strength (RSI) moved above the ceiling of 73.00.
At the time of writing the index was tracking at 75.81. That is overbought territory. It could signal to bears that they should reenter.
Bulls may consider taking profits and securing gains as the 10-day moving average (red) continues to rise.
Another notable mover in today’s session was dogecoin (DOGE), which rose for a third straight session.
After a Friday low of $0.05996 DOGE/USD rose on Saturday to an intraday peak of $0.06281
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.
Despite earlier gains being somewhat lessened, there was a collision between the RSI indicator and a ceiling.
The market uncertainty is increasing as day passes, and the index currently tracks below the ceiling at 50.40.
Final analysis: If traders plan to increase prices this weekend (as with QNT), the first step will be to break through current points of resistance.
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