QNT price has reflected some really good moves over the past four days. The price shoots today showcased the biggest single-day movement since January 21. At the press time, ONT is changing hands at $128.00%, up 13% for the day.
- Quant Network’s native token, QNT surges 10% on Thursday.
- However, the rally fell short below the $150.0 psychological level.
- Volume has risen in accordance with the bullish sentiment over the past four days.
The 24- hour trading volume holds at $160,004,194 with a live market cap of $1,508,248,396 as per the CoinMarketcap data.
QNT has been rising possibly due to the network interest in Central Bank Digital Currencies (CBDCs). The Quant network expects to enable open access to the digital currencies issued by the central banks.
QNT climbs higher on the daily chart
On the daily chart, QNT has retreated 69% from the highs of $325 to date. Some upside movement has been witnessed after some consolidation near $95.00.
Source: Trading view
The Daily Relative Strength Index (RSI) rose sharply from being oversold to near 50.0 level. Bulls force the momentum oscillator to head toward the bullish zone.
The descending trend line from the mentioned level acts as a barrier for the bulls. The trend line has been tested four-time but investors liquidate near the higher levels.
This time too, the QNT price has tested the bearish slope line. Now, it will be interesting to watch it the bulls could explore the upside region placed near the horizontal resistance zone of $203.0.
On the other hand, if the price could not sustain the pressure near the descending trend line then a different picture will be presented for QNT. The price could again hit the lower level near $80.00
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