Quant continues to show strength in the face crypto-related struggles. It doubled its 14 day price pump and then added more.
- Quant is more profitable than Bitcoin and Ethereum when it comes to price rises over the next 14 days and 30 days.
- Although QNT fell by 10% within the last 24 hours, it has risen by 29% in the last week.
- Quant may rally to 300,000.
Although a 28.9% price gain over the last week sounds amazing considering the prolonged winter season, Quant was able top it with its gains in the 30 days.
Tracking from CoingeckoThe spot price of QNT at $183.39 Although it has dropped by close to 10% within the past 24 hours, it still remains up by 76% for its month-to date performance.
The 30ThThe largest cryptocurrency by market capitalization ($2.668 billion), is one of the top gainers, surpassing pack leaders Ethereum and Bitcoin in this area.
Quant Fails To Sustain Price Above $200
Altcoin saw a dramatic recovery after its February showing, which was when the resistance level stood at $140. In crypto space, resistance refers to the point when an asset’s price stops increasing.
The increased volume of trading meant that the bulls could dominate bears. Quantity was reflected on the asset’s On-Balance Volume (OBV).
Much like its price, QNT’s Relative Strength Index (RSI) also experienced a massive surge that led to a score of 71 which indicated the crypto was overbought.
Altcoin was trading at $225 yesterday, but it was unable to hold that level due to intense selling pressure. Quant’s almost 10% drop was expected, as certain indicators suggested an immediate correction in price.
Good news is for the holders that the bear-block that was observed in February has now been acting as a bullish breaker, opening up a window for an impressive price rally of $250 to $320.
Quant Social Dominance Fuels Surge
In its recent post about Quant’s social dominanceLunarCrush mentioned that crypto had also experienced an incredible rise in this sector.
On October 9, hourly mention about QNT reached 1.17K, which was the crypto’s highest over the last 90 days. Quant experienced a rapid price rise, rising by 96.30%, reaching $158.3.
The results showed that crypto currency has significant social dominance. It is possible that cryptocurrency will rise in price if it happens.
An extended bull rally may be possible if that occurs. Investors, however, are still cautioned as Quant’s network activity is minimal at this point indicating development and improvements might not come anytime soon.
QNT Total Market Cap at $2.5 Billon on Daily Chart | Featured image from Invezz, Chart: TradingView.com Disclaimer: This analysis is the author's opinion and should not necessarily be considered investment advice.