Quant, the crypto
Quant is a platform that aims to connect blockchains and networks on a global scale without compromising the effectiveness and interoperability of the network. QNT is the native token of Quant. Given that it is trading above both moving averages, the token is displaying strength. Even when the bitcoin industry as a whole was experiencing a downturn, it nevertheless managed to advance.
The bulls broke through resistance on September 24 and drove the price to the downtrend line after the bears had defended the $112 level for many days. The day's candlestick's extended wick indicates that the bears are attempting to stall the uptrend at this point.
The fact that the bulls bought the decline to $112 on September 25 is a small plus, indicating that buyers are attempting to turn this level into support. The downtrend line may once more be reached by the price. If this obstacle is overcome, the pair may increase to $133 and then to $154 in the future. As an alternative, the 20-day EMA ($106) might serve as the next stop if the price reverses and drops below $112. If this support is broken, the price may drop to $95.
After breaking through $112, the pair gained momentum and came quite close to the downtrend line. Due to the RSI being overbought as a result, short-term traders may have been enticed to book profits. Price recovered from $112, demonstrating that sentiment is still positive.
