The cryptocurrency market is heating up, and Quant (QNT) has caught everyone’s attention. Following a strong upward momentum, traders are speculating whether QNT’s price can break the psychological barrier of $100. Let’s explore why this token is making waves.
What’s Behind Quant’s Upward Trend?
Quant has been on an impressive trajectory, showing consecutive higher highs and lows since the beginning of the year. Recently, the token pushed above the 50-day moving average (MA), a key indicator that hints at further growth.
Additionally, technical charts reveal that the supertrend has flipped bullish, indicating a potential trend reversal. This, coupled with positive momentum indicators like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), points to less selling pressure and increasing buying activity. These are strong signs that QNT could continue climbing in the coming days.
Why $100 Is Being Targeted
The $100 mark is more than a round number—it’s a critical psychological resistance zone. Current bullish momentum suggests that a close above $85 to $88 could validate further upward movement. Fresh liquidity, combined with over a 200% rise in trading volume within 24 hours, could propel QNT to this significant threshold.
However, weekend trading tends to be volatile, as thinner liquidity can create unpredictable market swings. Bulls need sustained buying pressure to maintain this momentum and pave the way beyond $100.
Quant’s Place in the Market
Quant is benefiting from the broader trend of liquidity rotation. As Bitcoin consolidates after a significant upswing, traders often look to large-cap altcoins like QNT for profitable moves. This dynamic shift can amplify Quant’s appeal as a prime altcoin investment opportunity.
Product Highlight: Ledger Nano X for Safely Storing Altcoins
As the buzz around Quant grows, crypto investors should prioritize securing their digital assets. The Ledger Nano X, a Bluetooth-enabled hardware wallet, is a reliable choice for storing QNT and other cryptocurrencies. With top-notch encryption and user-friendly features, it ensures your investments remain safe and accessible.
Your Next Steps
Quant’s current rally is exciting, but as always, it’s essential to do your research before making investment decisions. While momentum is strong, the crypto market remains unpredictable. Stay updated, use trusted tools, and keep an eye on key price levels.
