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QNTUSD trade ideas

a sudden surge in buying created a liquidity wickAfter reaching a peak of $150 in the first quarter of 2024, Quant's price fell sharply, dropping to $50 by August 5th. However, on the same day, a sudden surge in buying created a liquidity wick, pushing the price up in the last month of the third quarter and resulting in a breakout from a long-term falling wedge pattern. This week's and intraday performance have been particularly strong. The daily QNT price chart reveals a double bottom pattern around the $60 horizontal support area. In the short term, the price appears to be accelerating towards $91. If the bullish momentum continues, it could break through the dynamic trendline and potentially reach $150 by the end of October.
COINBASE:QNTUSDLong
by Sam_TCR
Whales Return to Quant: Are We Seeing a Market Revival?Whales Return to Quant: Are We Seeing a Market Revival? Qunat price DAA divergence metrics highlights a positive divergence in the recent sessions. Whales have accumulated significantly 0.5% of the total supply indicating large players' comeback. Quant price made a strong rebound from the lows indicating a buyers comeback. At the time of writing, Quant was exchanging hands close to $68.23 recording an impressive 13.5% jump in intraday. Moreover, this bounce has added some relief to the Quant investors who were in a state of extreme fear due the price drop and panic in the broader markets. Earlier, Quant had been in a correction phase for the last couple of months which may be flipped and the price may head for a recovery. In tandem with price rebound from the lows the analysts have noted a significant shift in the on-chain metrics which could further enhance the price. Whales Are Back To Buying: Analysts Though the Quant price has reacted bullish in the last couple of sessions and has jumped nearly 20%. However, the analysts noted a significant activity in Quant right from the start of September i.e. a week ago. As per the analysts, the top addresses also known as whales have started to accumulate Quant near the lows. Whales are the players with more capital and more resources, hence they tend to be on the right side of the trend for the most of the time. As on 1st September 2024, the whales were holding nearly 24.08% of the total supply which has increased to 24.58% as of now. The whales have accumulated nearly 0.5% i.e. 74.4K QNT tokens in a week. Furthermore, as per the data obtained by an on-chain analytics website app.santiment.net, there has been a development of positive divergence between QNT price and DAA (Daily active addresses. The price DAA divergence is a metric which reflects the change in the bullish or bearish divergence created between the price and daily active address. A bullish divergence indicates the buyers comeback at the lower levels which could trigger a recovery in the crypto. Is Quant Preparing For A Bull Run In September? From the daily chart it is evident that QNT has been suffering a correction phase since March with sellers leading the trend. However, the scenario may flip as the buyers as well as the large players seemed to be accumulating in the recent sessions. Looking precisely over the price pattern, a consolidation may be observed in the last couple of weeks with bulls leading close to $50 level whereas the bears have established themselves near the $70 level. A strong buying in the last couple of sessions highlights the buyers intention for a breakout. Now, a sustained breakout above the $70 level may validate a bullish reversal in the short term creating a potential run towards the 200 day EMA. The long term view may shift to bullish if the price conquers 200 day EMA and sustains above it. However, it requires more buying volume to break the recent supply of $84 level at 200 day EMA. Also, the buyer's failure to make a reversal may invite sellers at the higher levels and the price may head towards the August lows. The technical indicators suggest a bullish continuation in the short term.
CRYPTO:QNTUSDLong
by Ritika_TCR
it can attract more buyer's interest in the cryptoQuant 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.
COINBASE:QNTUSDLong
by Sam_TCR
1
Quant (QNT)Quant (QNT) Qunat crypto has been under a free fall with no major support from the demand zones since the last week of April. The QNT price has performed negatively, losing 45.5% in the last three months, nearly 19.3% a month and over 6% a week. The bulls attempted for a short lived recovery this week, however, the sellers again dominated and the net selling pressure continued to dominate the crypto. At the time of writing, the QNT crypto was trading close to $70 trying to get support from the psychological level.
CRYPTO:QNTUSD
by Ritika_TCR
1
Divergence In Quant Price and OI data: Is A Reversal On the HoriDivergence In Quant Price and OI data: Is A Reversal On the Horizon? The rising Open Interest figures suggest a disparity with the current price trend, hinting at an impending market upturn. The Quant price may bottom out if the bulls are able to reclaim the $100 level and sustain above it. The broader crypto market is on an upward trajectory intraday, attempting to offset recent declines. Leading the charge, Bitcoin has risen by 2.35%, while Ethereum has also seen a 1.65% increase compared to its previous day's close. In tandem with these market giants, the altcoin Quant is making similar progress, having risen by approximately 1.92% at the time of writing. Moreover, a noticeable divergence between open interest data and price points to a potential trend reversal in the crypto sphere. Let's explore more using the metrics and try to find insights into potential price movements in upcoming trading sessions. Open Interest data and Price is showing a divergence! According to information from the financial analytics platform app.santiment.net, a noticeable divergence has emerged between the price of Quant and the aggregate value of open contracts denominated in USD. Specifically, since May 5th, there has been a consistent uptrend in Open Interest data. Conversely, during the same timeframe, the price of QNT has been on a decline, further accentuating the divergence. This increase in Open Interest suggests that major players may be positioning themselves in anticipation of a price reversal, despite the ongoing price decline. The uptick in Open Interest could signal an upcoming reversal for QNT. Nevertheless, investors should look for confirmation in both price and trading volume before drawing conclusions. Could Quant Crypto Bottom Out If the Market Recovers. Quant's price trajectory has been on a downward trend, facing significant resistance around the $110 mark before falling below the key $100 level. Currently, the price hovers around $90, aligning with its prior low point. Now, If the bulls manage to uphold this level and the $90 mark, it could potentially lead to the formation of a double bottom pattern. Furthermore, A successful ascent above the $110 neckline might then signal a reversal in Quant's price direction. This scenario, however, hinges on a broader market revival. Conversely, should the decline persist, Quant could descend to new multi-month lows, perpetuating the current bearish momentum. Conclusion. The crypto market is rebounding, with Bitcoin and Ethereum posting intraday gains. Quant's price has also surged by 1.92%, despite a divergence between rising Open Interest and falling prices since May 5th, hinting at a potential reversal. As of Now, Investors should seek confirmation in price and volume. Quant faces a critical juncture: if it maintains the $90 level, a double bottom pattern could indicate a trend reversal, contingent on broader market recovery. Otherwise, the downtrend may continue, leading to new lows for Quant.
CRYPTO:QNTUSDLong
by Ritika_TCR
QNT - Crucial Area!QNT is trading close to a crucial area of $156. This area has been a long term support area till Jan 2022 and after breaking this support area, we saw QNT quickly drop towards the lower weaker support areas. $156 zone then turned into resistance and 4 attempts were made to break this resistance and the 4th attempt was successful where QNT broke $156 and is currently trading above this zone. If this resistance can be successfully flipped to support and QNT manages to stay above or around $156, we could start seeing a bullish trend in QNT and a move towards $179, $194, $206 and $218 is possible in the short term. Once $218 is reclaimed, we can see a move towards $235, $257, $319, $421, $522 and $585 in the long run. Failure to trade above the support area of $156 could lead to a drop towards $137, $128 and $108.
BINANCE:QNTUSD
by AltcoinBuzzTrading