In this Quant technical analysis, we will examine the current price action, trading volume, key levels and indicators for QNT-BTC. Quant (QNT) is a decentralized cryptocurrency that utilizes a novel consensus algorithm called “Proof of Quantity” to secure its network. This innovative approach allows for faster and more energy-efficient transactions compared to traditional proof-of-work algorithms. Additionally, Quant’s unique governance structure enables holders of the QNT token to have a say in the direction of the project, ensuring that the cryptocurrency remains truly decentralized and community-driven.
Quant Price Overview:
As of May 02, 2024, Quant is trading at approximately 0.00172 BTC. Let’s dive into the detailed price action for QNT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00174 |
| High (H) | 0.00176 |
| Low (L) | 0.00171 |
| Close (C) | 0.00172 |
| Volume (C) | 1,043.72 |
- Open (O): The opening price for today’s trading session was approximately 0.00174 BTC.
- High (H): Quant reached a daily high of around 0.00176 BTC.
- Low (L): The daily low for QNT-BTC was approximately 0.00171 BTC.
- Close (C): At the time of analysis, Quant is trading near its daily close of 0.00172 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.32% |
| 3D Change (%) | 6.61% |
| 7D Change (%) | 1.11% |
| 30D Change (%) | -5.53% |
| 90D Change (%) | -27.49% |
| YTD Change (%) | -47.04% |
Over the past three days, QNTBTC has increased by approximately 6.61%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.11%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QNTBTC maintaining a downward trend of approximately -5.53%, despite intermittent fluctuations. Examining the last 90 days, QNTBTC has witnessed substantial fall of approximately -27.49%, reflecting strong long-term confidence. Year-to-date, QNTBTC has steadily depreciated by around -47.04%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Quant Live Chart:
You can access a live price chart for QNT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.51864.
- Momentum score is 0.048.
QNT BTC Technical Analysis
Quant Trading Volume:
The trading volume for Quant (QNT) over the past 24 hours has been insignificant, with approximately 1,043.72 BTC traded against QNT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): QNT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Quant is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for QNT-BTC is currently in the neutral zone, around 46.7666. This suggests that Quant is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Quant (QNT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Unlock potential gains in Quant (QNTBTC) at 1.72e-03 BTC with bullish technical analysis, showcasing robust support and encouraging indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.