QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally

QUANT is making some positive noises, despite the bear market, as QNT made gains last week.

Most cryptocurrency exchanges have made some decent profits lately, despite the defeat suffered by the broader cryptocurrency market.

Meanwhile, cryptocurrencies have maintained green charts even as the stock market struggles with larger macro-economic problems.

Among the tokens was QNT, which gained 35.77 percent, making it one of the biggest gainers in the past seven days. An improvement in the currency’s fortunes may be imminent.

Market confidence in cryptocurrencies can be boosted by quantum rise as the market recovers.

Recovery amount, up to 50%

Inflation data released by the US Federal Reserve on September 13th rocked global financial markets. Due to the strong connections between the S&P 500 and Bitcoin, the stock market has taken the crypto market down.

At the time, QNT price struggled to move above the $112.12 barrier. From September 13 onwards, the crypto market as a whole declined, and QNT was no exception, seeing a drop immediately.

At the same time, uncertainty and skepticism in the market made it difficult for the bulls to push the price of Ethereum and Bitcoin higher.

As of this writing, the value of the token has increased by nearly 50 percent since September 13. During this latest event, the majority of currencies enjoyed only modest gains. But what do the current signs reveal?

Expected market shifts

Chart: TradingView.com

Currently, there are hundreds of Stoch RSIs. This indicates that the asset is significantly overbought and will see a price correction within the next few days. Currently, CCI numbers are also declining.

Due to Quant’s current price level, traders and investors can sell their QNT coins to take advantage of the recent market movement. The $126.83 range supports this price action.

If a correction occurs because the quantity is overbought, we could see a drop to $122.18.

At the time of writing, the price is placed between the 50 Fibonacci line and the 38.20 Fibonacci level. Prices are fairly fixed at the moment.

QNT’s functionality in the crypto world is an important factor in its robustness. Quant’s core service consists of applications that allow different blockchains to communicate, enabling the transfer of coins.

In light of this, we may expect better news regarding Quant in the coming days.

QNT total market cap at $1.62 billion on the daily chart | Source: TradingView.com

Featured image from Motivation Grid, Chart: TradingView.com

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