Quant Gets Listed On Binance Futures As Price Retests $170; What’s Next For QNT?
October 21 2022 - 7:57AM
NEWSBTC
QNT’s price remains strong despite rejection from a high of $220 as
the price holds above the key support area. QNT to look green
as price takes the crypto market by surprise and leaves bears in
disbelief as Binance list QNT in its futures trading
platform. The price of QNT trades above $160 as the price
continues its uptrend above 50 and 200 Exponential Moving Averages
(EMA) on the daily timeframe. The price of Quant (QNT)
despite having a rough start to its price in previous weeks, has
shown what to expect as the crypto market goes back to its trending
days as price showed some great strength leaving bears in
disbelief. The crypto market hasn’t enjoyed the Uptober that many
were expecting as the market continues to range despite showing
great signs of a rally in the early part of the month. Bitcoin
(BTC), Ethereum (ETH), and other crypto assets have remained
dormant except for a few exceptional coins like Quant (QNT), which
have shown bullish price movement. (Data from Binance) Related
Reading: Will Bitcoin See A Repeat Of November 2018? A Look At The
On-Chain Data Quant (QNT) Price Analysis On The Weekly Chart Most
projects have not fared well in the bear market, as most have seen
more than 50% price declines, discouraging most traders and
investors from stockpiling these assets. With Bitcoin’s dominance
(BTC.D) rising, this could hurt the price of most crypto assets. A
rise of BTC.D above the 45% mark would mean altcoins will decline
more with every slight price rejection for BTC, but this hasn’t
been the case for QNT as the price continues to rally despite BTC.D
rise and BTC continues in its range movement. After rallying to a
high of $220, the price of QNT faced resistance to trend higher to
$330 as the price has struggled to break above the resistance at
$220. The price of QNT has retraced to a region of $170 as
bulls still take control of the price; if the price of QNT holds
above its uptrend line, we could see more rallies from QNT. Weekly
resistance for the price of QNT – $220. Weekly support for the
price of QNT – $110. Price Analysis Of QNT On The Daily (1D) Chart
The daily timeframe for the price of QNT continues to show bullish
strength despite the uncertainty in the crypto market, with BTC
price trading at its demand zone. After facing resistance and
dropping to $165, the price of QNT still looks strong ahead of a
possible rally to $220. The price of QNT needs to hold above $110
for the price to maintain its bullish momentum; a break below this
region will mean bears are in control of QNT prices.
Daily resistance for the QNT price – $220. Daily support for the
QNT price – $110. Related Reading: Ethereum Price Won’t Go Down
Quietly: Risk of Bounce Grows Featured Image From zipmex, Charts
From Tradingview
Quant (COIN:QNTUSD)
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