- QNT token price doubles in value after finding support near the $ 64 mark.
- All EMAs rise in a bullish alignment as the bullish rally continues.
- QNT / BTC token pair is trading at 0.003146 BTC with an intraday rise of + 32.21%
The QNT token has risen by over 30% in the past 24 hours as the upward pressure has erupted leading to an incredible rise in prices. However, a higher price rejection in the price action is noticeable due to the formation of the long wick.
Investors hoping to ride the uptrend may find an entry point if the price tests the 20-day EMA again.
Currently, the price of the QNT token is $ 125.19, with an 1141% boom in intraday trading volume. Additionally, the coin’s market cap has increased 32.32% in the past 24 hours.
QNT Token Forms Morning Star To Crush Any Underlying Bearish Sentiment
QNT token price continues its uptrend, supported by a strong support trendline resisting the fall despite many bearish attacks. Therefore, investors may view lows near the trendline as entry points.
QNT’s price chart price action analysis shows that token prices may face resistance at the $ 150- $ 175 levels if the uptrend continues above $ 130. However, in the event of a reversal, horizontal levels at $ 100 or $ 80 could help stop the fall.
The relative strength index (bullish), as the RSI line tends to increase as the overbought zone approaches.
The Parabolic SAR is below the Token Price, indicating an uptrend in action.
The ADX indicator predicts an increase in trend dynamics.
CONCLUSION- The price of the QNT token has trended upward even though the crypto market was down. Therefore, it is not surprising that the bullish rally continues in QNT as general market sentiment gains momentum.
QNT token prices can reach highs of $ 150 if they stay above the $ 130 mark. In the long run, investors may even see the token price hit the $ 200 level if the overall crypto market stays bullish just long enough.
Support – $ 100 and $ 80
Resistance – $ 150 and $ 175