In this Quant technical analysis, we will examine the current price action, trading volume, key levels and indicators for QNT-USDT. Quant (QNT) is a decentralized cryptocurrency that utilizes a novel consensus algorithm called “Proof of Quant” to secure its network. This algorithm rewards users for their computational power and storage capacity, creating an incentive structure that encourages participation and security. With its focus on scalability and sustainability, Quant has the potential to revolutionize the way we think about blockchain technology and cryptocurrency.
Quant Price Overview:
As of May 07, 2024, Quant is trading at approximately 99.8 USDT. Let’s dive into the detailed price action for QNT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 98.2 |
| High (H) | 101.2 |
| Low (L) | 97.0 |
| Close (C) | 99.8 |
| Volume (C) | 22,331.20 |
- Open (O): The opening price for today’s trading session was approximately 98.2 USDT.
- High (H): Quant reached a daily high of around 101.2 USDT.
- Low (L): The daily low for QNT-USDT was approximately 97.0 USDT.
- Close (C): At the time of analysis, Quant is trading near its daily close of 99.8 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.63% |
| 3D Change (%) | -2.25% |
| 7D Change (%) | 0.20% |
| 30D Change (%) | -17.04% |
| 90D Change (%) | -4.41% |
| YTD Change (%) | -27.52% |
Over the past three days, QNTUSDT has decreased by approximately -2.25%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.20%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QNTUSDT maintaining a downward trend of approximately -17.04%, despite intermittent fluctuations. Examining the last 90 days, QNTUSDT has witnessed substantial drop of approximately -4.41%, reflecting strong long-term confidence. Year-to-date, QNTUSDT has steadily declined by around -27.52%, 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-USDT 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 0.481.
- Momentum score is -0.03482.
QNT USDT Technical Analysis
Quant Trading Volume:
The trading volume for Quant (QNT) over the past 24 hours has been insignificant, with approximately 22,331.20 USDT 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-USDT is currently in the low zone, around 43.93328. This suggests that Quant is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Quant (QNT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Consider bearish sentiment for Quant (QNTUSDT) at 99.80 USDT with technical analysis, highlighting weakened support and cautionary indicators.
Dive into the details with our in-depth analysis on QNT BTC Quant Technical Analysis; you won’t want to miss it if you found this post interesting.
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.