The cryptocurrency market has staged an impressive recovery this quarter, led by Ethereum. Notably, QNT token has seen considerable gains.
Ethereum Leads Market Recovery
In the context of a general rise in cryptocurrencies, Ethereum (ETH) has become one of the leaders. In Q2, ETH rose over 49%, now trading above $2,700—a level not seen since February.
QNT Approaches Resistance Level
QNT has surged over 52% in the past month. Technical analysis suggests a potential breakout as QNT displays a classic rounded bottom formation on the daily chart, often signaling the start of a new bullish trend.
Future Prospects for QNT
Currently trading around $117, QNT is nearing the resistance level at $123. A successful breakout above this price could confirm the bullish scenario and pave the way for further price increases.
The dynamics of the cryptocurrency market continue to attract investor interest. The completion of formations like ETH and QNT may signal new buying opportunities. It is essential to monitor upcoming resistance levels.
