Quant (QNT) Contemplates Upside Breakout Following 14% Surge
- Quant gains nearly 14% over the previous week.
- The altcoin benefited from lucrative price reactions within the overall crypto market.
- QNT maintains the bullish moves will see its hitting levels past $135.
Quant (QNT/USD) witnessed significant gains within the last few days as the broad market saw upside movements. However, the altcoin remains more than 70% away from its2021 September ATH. While publishing this blog, QNT traded at $124.35, following a 5.4% gain within the previous 24 hours. The token trades around 14% up over the past week.
QNT Gains 14%
Increased buying momentum in the crypto world saw Quant registering uptrends within the previous few days. That had QNT testing a higher resistance zone at $126. Though the digital coin slightly fell from these levels, market and buyer support highlights impending higher highs.
Quant maintaining these price movements will see QNT testing the resistance area at $135. The altcoin has never touched these levels since a mid-last month. The crypto appears ready to hit these zones to form another monthly peak.
The overall crypto market sees increased activity as institutional investors flock the space while escaping the traditional financial industry that crashes amid geopolitical tensions. Such developments had analysts predicting high demand from crypto, triggering price surges. That might see QNT surging to value regions beyond $150.
The Crypto Market Remains Bearish
The crypto spectrum saw massive upswings amid Wednesday’s sessions as the overall crypto market capitalization surged to reclaim the $2 trillion mark again. However, the market is yet to authorize a massive bullish trend as the prevailing positive moves might come after the digital coins market saw significant plummets last Thursday. Quant dropping from its current price areas will see its falling towards the bottom support floor of $118.
The alternative token traded around these regions yesterday before recording a sharp price jump. Further drops might take QNT to $110, attracting individuals to buy the currency at discounted prices. Buyers’ failure to join around these levels might trigger more declines to levels under $100. Russia-Ukraine news remains vital in crypto market trends.
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