Quant traded close to its eight-month peak on Wednesday as token prices rose for the second consecutive day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Crypto markets have been marginally down since the time of writing.
Quant (QNT)
On Wednesday Quant (QNT), prices rose for the second day in a row, while they remained near an eight-month high.
The token climbed to $163.83 on Sunday. This is the highest level quant has reached since February 8.
Earlier in today’s session, QNT/USD was at a high of $157.80, which sees prices only $6 away from the aforementioned peak.
QNT has seen recent gains and is now in overbought territory. The 14-day relative strength indicator (RSI), tracks at 70.19.
It is marginally lower than the ceiling of 71.00 which will be a challenge for quant bulls if they wish to increase prices.
This region will see increased price uncertainty. Bears could also be waiting to enter the area.
Hedera (HBAR)
Hedera (HBAR), another noteworthy gainer, saw the token climb by up to 11% on hump Day.
After a Tuesday low of $0.05879, the HBAR/USD reached a high of $0.06596 today.
This price surge has caused hedera to reach its highest point in just one month since $0.0737, when it was trading at the top of the market.
The chart shows that HBAR is now lower than its earlier peak, due to bears entering the market after the failure of a breakout attempt at $0.06600.
Today’s move comes as the 10-day (red) moving average crossed over its 25-day (blue) counterpart, for the first time since September 13, which is when we last saw HBAR at these current levels.
Bulls could force an upwards trend to continue and cause a breakout at the resistance point mentioned above.
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Can hedera keep this momentum going into the weekend? Please share your views with us in the comments.
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