• The value of 1 QNT cryptocurrency decreased to around $100 and is showing stable movements.
• Investors are making efforts to save profits and are hoping for a price increase.

A retracement in the QNT price caused it to drop to $100, facing resistance at the 50 day EMA. Nevertheless, the price recovered from the $90 demand area as buyers started accumulating. Currently, there is no clear trend in the market, and the chart indicates indecision between buyers and sellers.

Currently, the price of Quant crypto (QNT) is at $103.20 with a 4.20% gain for the day, showing a neutral stance. The monthly return rate is -24.30% and the yearly return rate is -9.90%. The QNT/BTC pair stands at 0.00164 BTC, with a market cap of $1.01 billion. Analysts are neutral and anticipate that QNT may continue to rise and surpass the $110 mark.

QNT Price Volume Profile Analysis On Daily Chart

The daily chart of Quant crypto shows a rebound in the last trading session, though the trend remains neutral. Buyers have initiated accumulation, striving to maintain the 50 day EMA. Intraday trading volume surged over 3.29% to $17.50 million.

Price Volatility and Weighted Sentiment Outlook

After the price increase, the QNT crypto saw a rise in the price volatility curve during the intraday session. The volatility curve increased by over 11.20% to 0.014. However, the weighted sentiment turned negative, falling below the midpoint to -0.631.

Social Dominance and X Followers Insights

According to Santiment data, social dominance increased by 2.09% to 0.046%, indicating a rise in discussion reports. However, X followers data dropped by 13.30% to 47.

Development Activity and Total Amount of Holders, Open Interest Outlook

Santiment data revealed that development data remained stable near the midpoint around 0.048, suggesting a neutral outlook. On the other hand, the total number of holders increased positively, reaching around 152k.

Derivative data indicates a long unwinding trend, with open interest decreasing by 2.23% to 5.73 million.

Based on Fibonacci levels, the QNT price is around the 23.6% zone and is close to the mid Bollinger Band zone. The RSI curve sits near the midpoint, and a negative crossover was observed on the charts.

The total supply of QNT crypto is 14.61 million, with a volume-to-market cap ratio of 0.0173, ranking 90th in the global crypto market.

Summary

The price of Quant crypto is hovering around the $100 support level and shows volatile movements on the charts. Traders are witnessing price swings and are eager to see a rebound to break the 20 day EMA mark.

Technical Levels

Support Levels: $100 and $95

Resistance Levels: $110 and $120

Disclaimer

The opinions and views expressed in this article are for informational purposes only and do not serve as financial or investment advice by the author or any other individual mentioned.