Quant crypto has witnessed a huge increase of 81% in the last 24 hours, while the price has witnessed continuous deterioration over the last few weeks.
Despite the downtrend in the Quant (QNT) crypto asset price over time, it has increased 10.5% over the intraday session (at press time). Additionally, the Quant (QNT) has ranked 71st in terms of market cap, and it also surged by 10.5%, which stands at $934.98 Million.
1 Year Price Chart | Source: CoinMarketCap.com
As per the Coinmarketcap, its volume to market cap ratio stands at 2.79%, which reflects poor liquidity in the asset, making it difficult to buy and sell for the asset; investors should stay cautious (DYOR). Moreover, the supply that has been in circulation stands at 12.072 Million QNT, which makes it 81% of the maximum supply of 14.881 Million QNT.
On looking further in the crypto landscape, the Quant (QNT) crypto market cap dominance stands at 0.04%, and it came into the realm by the year 2018 of June 25th.
The fear and greed index stays at 30, signifying the sentiment of the QNT crypto appears to be at higher fear, i.e., bearish. Thus, it indicates that due to a major decline in the price due to abrupt selling pressure, the ratio is at fear, which also signifies that it it might result in more possible profit booking in the crypto, as well.
What Does Derivative Analysis Highlight For The Quant (QNT) Crypto?
The derivatives volume has increased by 180%$ over the intraday period at press time. The total amount of volume was $46.53 Million, and the long liquidiation was higher than shorts compared. Thus, liquidation proved the seller's dominance over the price of the crypto, and that shows that the crypto price was dominated by the bears for a longer span of time.
QNT Total Liquidations Chart | Source: Coinglass.com
The Open Interest in Quant (QNT) crypto exhibits that it has advanced by 13% in the past 24 hours, which has displayed that some new positions have been added to the crypto.
Decoding Quant Crypto Technical Chart Over 1.D. TimeFrame?
The Quant (QNT) crypto had been trading under the falling wedge pattern that pushed the price below.
The QNT was earlier trading in a robust uptrend from mid-October 2023 to December-end 2023. At the start of 2024, QNT deteriorated its pace and witnessed declines due to the bear's dominance increase from the swing high of $153.83.
The overall decline in QNT was followed by the double top on daily, which resulted in the creation of a lower low swing.
Additionally, the most recent of the price structure, the price of QNT, has consistently increased over the last two days. If the price breaks the upper boundary of the wedge, then it could result in a falling wedge breakout. Thus, it can attract more buyer's interest in the crypto.
Therefore, the support levels of the QNT are $40.00 and $65.00, and the resistances are $101.0 and $116.0.
The Indicators are showing a slightly bullish approach in price towards the 50-day and 200-day EMA's. The MACD has formed a bullish cross, with slight growth in the histogram, and RSI has jumped from 14-SMA, which looks like it has been headed toward overbought from oversold.
Despite the downtrend in the Quant (QNT) crypto asset price over time, it has increased 10.5% over the intraday session (at press time). Additionally, the Quant (QNT) has ranked 71st in terms of market cap, and it also surged by 10.5%, which stands at $934.98 Million.
1 Year Price Chart | Source: CoinMarketCap.com
As per the Coinmarketcap, its volume to market cap ratio stands at 2.79%, which reflects poor liquidity in the asset, making it difficult to buy and sell for the asset; investors should stay cautious (DYOR). Moreover, the supply that has been in circulation stands at 12.072 Million QNT, which makes it 81% of the maximum supply of 14.881 Million QNT.
On looking further in the crypto landscape, the Quant (QNT) crypto market cap dominance stands at 0.04%, and it came into the realm by the year 2018 of June 25th.
The fear and greed index stays at 30, signifying the sentiment of the QNT crypto appears to be at higher fear, i.e., bearish. Thus, it indicates that due to a major decline in the price due to abrupt selling pressure, the ratio is at fear, which also signifies that it it might result in more possible profit booking in the crypto, as well.
What Does Derivative Analysis Highlight For The Quant (QNT) Crypto?
The derivatives volume has increased by 180%$ over the intraday period at press time. The total amount of volume was $46.53 Million, and the long liquidiation was higher than shorts compared. Thus, liquidation proved the seller's dominance over the price of the crypto, and that shows that the crypto price was dominated by the bears for a longer span of time.
QNT Total Liquidations Chart | Source: Coinglass.com
The Open Interest in Quant (QNT) crypto exhibits that it has advanced by 13% in the past 24 hours, which has displayed that some new positions have been added to the crypto.
Decoding Quant Crypto Technical Chart Over 1.D. TimeFrame?
The Quant (QNT) crypto had been trading under the falling wedge pattern that pushed the price below.
The QNT was earlier trading in a robust uptrend from mid-October 2023 to December-end 2023. At the start of 2024, QNT deteriorated its pace and witnessed declines due to the bear's dominance increase from the swing high of $153.83.
The overall decline in QNT was followed by the double top on daily, which resulted in the creation of a lower low swing.
Additionally, the most recent of the price structure, the price of QNT, has consistently increased over the last two days. If the price breaks the upper boundary of the wedge, then it could result in a falling wedge breakout. Thus, it can attract more buyer's interest in the crypto.
Therefore, the support levels of the QNT are $40.00 and $65.00, and the resistances are $101.0 and $116.0.
The Indicators are showing a slightly bullish approach in price towards the 50-day and 200-day EMA's. The MACD has formed a bullish cross, with slight growth in the histogram, and RSI has jumped from 14-SMA, which looks like it has been headed toward overbought from oversold.