QNT is an Ethereum token that powers Quant Network’s Overledger brand of enterprise software solutions, which aim to connect public and private blockchains. The main goal of the Quant network is to provide seamless interoperability between distributed ledger technologies (DLTs). DLTs are simply distributed databases, with blockchains such as Ethereum and Bitcoin constituting a subset of DLTs.
Quant (QNT) Current Market Status
According to CoinGecko, the QNT price is trading at $171.81 with a 24-hour trading volume of $58,137,828, at the time of writing. However, QNT has dropped to 2.61% in the last 24 hours.
In addition, QNT has a circulating supply of 12,072,738 QNT coins. Currently, QNT trades in Binance, Coinbase, Hotcoin Global, Gate.io, and KuCoin.
Quant (QNT) Technical Analysis 2021
Quant (QNT) holds the 53rd position on CoinGecko right now. The recent development and upgrades might push QNT to reach new heights. Now, let’s deep dive into the QNT technical analysis 2021. The daily time frame chart of Quant (QNT) is shown below.
A cup and handle is a technical chart pattern that resembles a cup and handle with the cup shaped like a “u” and the handle slanted downward. A cup and handle is a bullish signal that extends an uptrend and is used to identify opportunities to go long. When using this indicator, technical traders should place a stop buy order slightly above the upper trendline of the handle part of the pattern.
Currently, QNT trades in a range of $171.81. If the price breaks the trend line resistance level of $190 then it will lead to a further rise to the $205 Level. If the pattern continues to the top side, then it will reach the $220 level soon.
Quant (QNT) RSI
The below chart shows the relative strength index (RSI) of QNT.
As shown in the above chart, RSI remains at 74.41. This shows that QNT’s price is in an overbought state. This shows that traders have to trade carefully, however, major price reversal could take place.
Quant (QNT) RVOL
The below chart shows the Relative Volume of QNT. It is an indicator that indicates to traders how the current trading volume has changed over a period of time compared to the previous trading volume.
Currently, the RVOL of QNT lies below the cutoff line which represents the weaker participants in the current trend.
Quant (QNT) Moving Average
Quant’s Moving Average (MA) is shown in the chart below. MA supports traders to find trends.
Currently, QNT is in a bullish state. However, QNT price is above 50 MA (short-term), and it has a high chance of moving higher. Furthermore, QNT price is above 50 MA and 200 MA (long-term), so it is completely in a bullish state. Moreover, there is also a possibility of Trend reversal at any time.
Quant (QNT) Price Comparison With Bitcoin
The below chart shows the price comparison between QNT and BTC.
From the chart, we can identify the trend of the BTC and QNT is moving at the same level as the trend. This indicates when the price of BTC increases or decreases, the price of QNT also increases or decreases respectively.
With the ongoing developments and upgrades that are taking place within the QNT platform. Quant has a great future ahead in this crypto market. However, QNT can reach new heights.
Bullish QNT price prediction 2021 is $205. As mentioned above, it may reach great heights, however reaching $220 is also possible, if investors have decided that QNT is a good investment in 2021.
Quant (QNT) is an Ethereum token that powers Quant Network’s Overledger brand of enterprise software solutions, which aim to connect public and private blockchains.
QNT is listed on many cryptocurrency exchanges that include Binance, Coinbase, Hotcoin Global, Gate.io, and KuCoin.
With the ongoing developments and upgrades within the QNT platform, it has the high possibility of reaching its ATH soon.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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