The cryptocurrency Quant (QNT) has showcased a notable price increase of approximately 12%, marking the second consecutive day of gains and reaching its highest level since August 24.
Current QNT Price Trends
Despite the overall downturn in the global crypto market, with significant declines in Bitcoin (BTC) and Ethereum (ETH), QNT has shown an upward trend, rising from a low of $63.96 to a high of $71.58. This marks an increase of over 17% from its lowest point last week, although it remains 47.87% below its highest value this year.
Investor Interest in QNT Futures
On-chain data indicates an increase in address activity, suggesting further price potential. Top addresses, or 'whales,' have begun accumulating QNT near these lower levels, indicating future potential gains. QNT futures open interest has surged to $13.91 million, the highest level since June 7.
24-Hour QNT Movement Analysis
QNT is in a recovery phase, currently priced at $70.9 with a market cap of $850 million. The daily trading volume has surged over 290% to $38 million. The primary resistance level is now around $71.58, and breaking through this level could continue the bullish trend. The critical support level is recorded at $55.9, and falling below this could signal a consolidation or reversal phase.
The overall trend in the Quant market remains positive, with improved on-chain metrics and increased address activity indicating a promising future outlook for QNT.
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