Quant and Jupiter cryptocurrencies have shown noticeable price increases due to key events and strengthening technical indicators. This article examines the reasons for their rise and their current market status.
Quant (QNT) Price Analysis
Quant price surged 6.35% in the past 24 hours to trade at $105.35, hitting a high of $105.64 while bouncing off from a low of $98.76. The 7-day gain now stands at 10.89%, reflecting sustained bullish momentum. This uptrend coincides with a sharp 41.8% spike in trading volume to $18.14 million and a market cap increase to $1.27 billion. Technically speaking, QNT is in a strong upward trend, with buyers targeting the psychological resistance at $110. A successful breakout here could extend the rally, but any signs of rejection might trigger a healthy correction toward $100.
Jupiter (JUP) Price Analysis
Jupiter price climbed 5.51% in the past day to reach $0.4209, following a confirmed rebound from the $0.3834 support level. Despite a 23.97% drop in 24-hour trading volume to $30.04 million, the price remains firm, supported by improving sentiment. The RSI has moved up to 47.25, signaling recovering momentum without entering overbought territory. Meanwhile, narrowing Bollinger Bands hint at an imminent volatility expansion. If bulls can maintain strength above $0.43, the next upside target lies near $0.50, a key resistance level. However, failure to hold above $0.41 could lead to a pullback to the previous base at $0.38.
FAQs
Why is Quant price surging today? Quant's price surged after announcing a partnership with BIS, boosting its role in CBDC adoption. What is driving Jupiter's price increase? Jupiter’s rally is driven by surpassing $1 trillion in Solana trading volume, highlighting its DEX dominance. Can Quant and Jupiter sustain their uptrends? Yes, both show bullish setups, but need to break key resistance levels, which are $110 for QNT and $0.50 for JUP.
Quant and Jupiter are showing positive signals in the cryptocurrency market, which could indicate the continuation of their growth if they break through key resistance levels.
