Quant

Momentum

Million

when

<ul class="list-ic vertical">
 <li>1 <a>The fear and greed index at 30, signifying fear more than greed.</a></li>
 <li>2 <a>The Quant (QNT) market cap has surged by 10.5%, and it ranks 71st in the top 100 at CoinMarketCap.</a></li>
</ul>
Quant crypto has witnessed a considerable increase of 81% in the last 24 hours volume, but the price has deteriorated consistently over the last few weeks.
Despite the downtrend in the Quant (QNT) crypto price, it has increased 10.5% over the intraday session (at press time). Additionally, the Quant ranked 71st in terms of market cap and surged by 10.5%. Its market cap stands at $934.98 Million at press time.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="620" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-345-1024x620.png" alt="" class="wp-image-209980" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-345-1024x620.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-345-300x182.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-345-768x465.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-345-750x454.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-345.png 1032w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
1 Year Price Chart | Source: CoinMarketCap.com
QNT’s volume-to-market cap ratio is 2.79% when writing, as per CoinMarketCap. It reflects poor liquidity in the crypto asset, making it difficult to buy and sell, and investors should stay cautious (DYOR). Moreover, the supply that has been in circulation stands at 12.072 Million QNT, which makes it 81% of the maximum supply of 14.881 Million QNT. Further assessment reveals the Quant (QNT) crypto’s market cap dominance is 0.04%.
The fear and greed index stays at 30, signifying the sentiment of the QNT crypto is at higher fear, i.e., bearish. Thus, it indicates that the ratio is at fear due to a major decline in the price due to abrupt selling pressure. It also signifies that more profit booking is possible in the crypto.
<h2 class="wp-block-heading" id="strong-what-does-derivative-analysis-highlight-for-the-quant-qnt-crypto-strong">What Does Derivative Analysis Highlight For The Quant (QNT) Crypto?</h2>
The derivatives volume has increased by 180% over the intraday period at press time. The total volume was $46.53 Million, and the long liquidation was higher than the short liquidation. Thus, liquidation proved the sellers’ dominance over the crypto price, which shows that the bears dominated the crypto price for a long time.
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="266" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346-1024x266.png" alt="QNT" class="wp-image-209981" style="width: 100%" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346-1024x266.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346-300x78.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346-768x199.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346-1536x398.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346-750x195.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346-1140x296.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-346.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
QNT Total Liquidations Chart | Source: Coinglass.com
The Open Interest in Quant (QNT) crypto has advanced 13% in the past 24 hours. It indicates that some new positions have been added to the crypto.
<h3 class="wp-block-heading" id="strong-decoding-quant-crypto-technical-chart-over-1-d-timeframe-strong">Decoding Quant Crypto Technical Chart Over 1.D. TimeFrame?</h3>
The <a href="https://www.thecoinrepublic.com/2023/11/22/quant-qnt-price-looking-for-a-rally-beyond-100-time-to-buy/" target="_blank" rel="noopener noreferrer nofollow">Quant (QNT)</a> crypto had been trading under the falling wedge pattern, which pushed the price below.
The QNT price was trading in a robust uptrend from mid-October 2023 to December-end 2023. At the start of 2024, QNT deteriorated its pace and witnessed declines due to an increase in the bears’ dominance from the swing high of $153.83.
The overall decline in QNT was followed by the double top on daily, which resulted in the creation of a lower low swing.
Additionally, on the most recent price structure, the price of QNT has consistently increased over the last two days. If it breaks the upper boundary of the wedge, it could result in a falling wedge breakout. Thus, it can attract more buyers’ interest. 
<a href="https://in.tradingview.com/chart/QNTUSD/P02zLrkQ-it-can-attract-more-buyer-s-interest-in-the-crypto/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a> 
Therefore, the support levels for the QNT price at press time are $40.00 and $65.00, and the resistance levels are $101.0 and $116.0.
When writing, the Indicators showed a slightly bullish approach in price towards the 50-day and 200-day EMAs. The MACD has formed a bullish crossover, with slight growth in the histogram. The RSI has jumped from 14-SMA, which appears to be heading toward overbought from oversold.
<h3 class="wp-block-heading" id="strong-will-bulls-dominate-the-qnt-price-strong">Will Bulls Dominate the QNT Price?</h3>
Quant (QNT) crypto price has decreased steadily in the long run but surged 10.5% in 24 hours. With a market cap of $934.98 Million, its poor liquidity makes buying and selling difficult.
Its supply stands at 12.072 Million QNT, and its fear index at 30, indicating bearish sentiment.&nbsp;
However, Derivatives’ volume rose by 180%, and QNT crypto’s open interest surged by 13%. Technical analysis shows a falling wedge pattern causing a price decline, but a brief bullish shift has been noticed. Support levels are $40.00 and $65.00, and resistance levels are $101.0 and $116.0. Bullish indicators suggest a potential breakout in the near future
<h4 class="wp-block-heading">Disclaimer</h4>
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Bullish Momentum Witnessed In QNT Price, Is Bears’ Dominance Over

Table of Contents

Thecoinrepublic.com

Muita 29. kesäk. 2024 julkaistuja artikkeleja

Investors Embrace Meme Coins

Legendary Bitcoin Trader Predicts Massive 12,324% Rally for This Ethereum Token in Just 55 Days

VanEck files for Solana ETF, Ether supply inflates, and more: Hodler’s Digest, June 23-29

Crypto: AVAX’s Surge May Surpass Solana’s, Says Santiment

Can BOME Crypto Mark A Bullish Reversal Amid Improved Sentiments?

SEC Delays Launch of Spot Ethereum ETFs Amid Regulatory Reviews

Join our free newsletter for daily crypto updates!