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 cryptocurrency that utilizes a novel consensus algorithm called “Proof of Quantity” which rewards miners based on the amount of computational power they contribute to the network, rather than the traditional “Proof of Work” or “Proof of Stake” algorithms used by other cryptocurrencies. This approach is designed to prevent centralization and ensure that the network remains decentralized and secure. Additionally, Quant’s unique “Quantum” feature allows for the creation of customizable smart contracts, enabling a wide range of use cases beyond traditional transactions.
Quant Price Overview:
As of October 02, 2023, Quant is trading at approximately 89.1 USDT. Let’s dive into the detailed price action for QNT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 92.1 |
| High (H) | 92.3 |
| Low (L) | 87.3 |
| Close (C) | 89.1 |
| Volume (C) | 29,297.04 |
- Open (O): The opening price for today’s trading session was approximately 92.1 USDT.
- High (H): Quant reached a daily high of around 92.3 USDT.
- Low (L): The daily low for QNT-USDT was approximately 87.3 USDT.
- Close (C): At the time of analysis, Quant is trading near its daily close of 89.1 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.26% |
| 3D Change (%) | -1.66% |
| 7D Change (%) | 1.83% |
| 30D Change (%) | -10.63% |
| 90D Change (%) | -17.04% |
| YTD Change (%) | -15.38% |
Over the past three days, QNTUSDT has declined by approximately -1.66%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QNTUSDT maintaining a downward trend of approximately -10.63%, despite intermittent fluctuations. Examining the last 90 days, QNTUSDT has witnessed substantial drop of approximately -17.04%, reflecting strong long-term confidence. Year-to-date, QNTUSDT has steadily dropped by around -15.38%, 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 0.26669.
- Momentum score is -0.10632.
QNT USDT Technical Analysis
Quant Trading Volume:
The trading volume for Quant (QNT) over the past 24 hours has been significant, with approximately 29,297.04 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 40.64528. 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 significant trading volume are low signals for potential downward movement.
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.
