MEXCRising Quant Coin Price Breaks Another Resistance; Buy Now?
Out of the top 100 cryptocurrencies listed in coinmarkcap, the QNT is one of the few coins painted in green. Moreover, the altcoin has been on a winning streak for the last seven days, registering a growth of 34%. The Quant coin price currently trades at $135.4, trying to sustain above the breached $131.5 resistance.
Key points from Quant price analysis:
- The $131.5 breakout offers a 16% growth opportunity for Quant buyers
- Overbought RSI indicates the buyers should wait for a retest or minor pullback
- The intraday trading volume in the Quant is $207.5 Million, indicating a 121% gain
Source-Tradingview
Following the August second-half correction, the Quant coin price struggled to surpass the $112.1 resistance. However, despite facing some macro market events such as the interest rate hike, the coin price managed to sustain above the $97.3 support.
As market sentiment eased, the Quant coin price replenished its bullish momentum and gave a massive breakout from the $112.1 resistance on September 24th. Moreover, the post-breakout rally extended the recovery rally 20% higher and breached the last swing high resistance of $131.5.
Reclaiming the $131.5 mark will give buyers a stiff footing to continue the forward march. However, earlier today, the Quant coin price showcased 9.56% growth, but by the press time, it had nearly evaporated due to the profit booking from short-term traders.
Thus, interested buyers should wait for the daily candle to close above $131.5 resistance before taking an entry. Anyhow, the post-breakout rally should drive the prices 16% higher to $155.
On a contrary note, if the sellers pull the Quant coin price below $131.5, the market participants may witness another minor correction.
Technical Indicator
EMAs: The rising EMAs(20, 50, and 100) accentuate strong recovery in Quant coin. Moreover, a potential bullish crossover between the 20-and-200-day EMA should accelerate bullish momentum.
RSI: The daily-RSI slope spiked(75%) into the overbought region suggests a minor correction or short consolidation above $131.5 is needed before further price growth.
- Resistance levels- $141.8 and $155
- Support levels- $131.5 and $120
- Whales Open $71 Million ASTER Short After CZ’s “Buy and Hold” Reveal
- Expert Warns XRP Investors of “ Extremely Mediocre” Growth Next to Solana’s 100x Activity Surge
- Michael Saylor Teases 13th Straight Bitcoin Buy as Trump Unveils New U.S.-China Trade Deal
- Shiba Inu Team Launches Network Upgrade for Shibarium Amid Fresh Hack Concerns
- Solana Foundation Manager Vibhu Challenges Ripple Execs To Public “Facts-Only” XRP Debate
- ZKsync Price Surges 90% on Vitalik’s Comments: What’s Next?
- $100K or $125K? Crypto Analysts Split on Bitcoin Price Prediction Despite U.S.–China Trade Deal
- Pi Coin Price Prediction After AI Investment Announcement – Is a Bull Run Ahead?
- How High Can Zcash Price Go In November?
- SOL ETFs Records $44.4M in 4 Days: What’s Next For Solana Price?
- Why Is TAO Price Skyrocketing Today?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
