Quant’s streak of three consecutive falls ended on Friday as the prices recovered from recent losses. This move saw Quant bounce back towards $180.00, its resistance level. Uniswap however, remained at the bottom of the market, below a crucial support point.
Quant (QNT)
QNT (quantitative) rose on Friday as the prices recovered from three consecutive days of declines.
Earlier in today’s session, QNT/USD rose to an intraday peak of $179.15, less than a day after falling to a low of $159.06.
The move saw the token rise from yesterday’s one-week low, which came just days after trading close to a one-year high.
Looking at the chart, today’s rebound in quant saw the 14-day relative strength index (RSI) also move away from a support point of its own.
At the time of writing, index readings are at 59.01, which is close to its lowest point since September 23rd.
Next visible resistance appears to be at 65.00. If price strength exceeds this point, QNT could trade above $200.00.
Uniswap
On the other side of the spectrum, uniswap (UNI) was one of Friday’s biggest losers, as prices fell by nearly 8%.
UNI/USD, which rose to a peak of $6.49 during yesterday’s session, slipped to a low of $5.85 earlier today.
As a result of today’s sell-off, uniswap fell below a key support point of $5.95, hitting its lowest point since October 13 in the process.
Friday’s decline in price has also pushed the RSI to a floor of 42.30, which is the weakest point for the index in the last ten days.
Uniswap is currently trading at $5.95, having rebounded from earlier lows.
This indicates that the market still has a lot of bullish momentum, even though prices have fallen for the second consecutive session.
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