Quant continued to commerce near an eight-month excessive on Wednesday, as costs of the token rose for a second straight day. Hedera was one other notable mover in right now’s session, because it rose by as a lot as 11% earlier within the day. General, crypto markets are marginally down as of writing.
Quant (QNT) rose for a second consecutive day on Wednesday, as costs remained near an eight-month excessive.
On Sunday, the token surged to a peak of $163.83, which is the very best level quant has hit since February 8.
Earlier in right now’s session, QNT/USD was at a excessive of $157.80, which sees costs solely $6 away from the aforementioned peak.
QNT/USD – Every day Chart
Because of latest positive factors, QNT is now firmly in overbought territory, with the 14-day relative power index (RSI) monitoring at 70.19.
That is marginally under a ceiling of 71.00, which quant bulls might want to overcome, ought to they intend to ship costs larger.
Value uncertainty will doubtless be heightened round this area, with bears doubtlessly additionally ready for the chance to reenter.
Hedera (HBAR) was one other notable gainer on hump day, with the token climbing by as a lot as 11%.
Following a low of $0.05879 on Tuesday, HBAR/USD managed to rise to a peak of $0.06596 earlier right now.
Because of this surge in value, hedera has now hit its strongest level in a single month, since when the token was buying and selling above $0.0737.
HBAR/USD – Every day Chart
Wanting on the chart, HBAR has since fallen from earlier highs, as bears reentered the market following the failed tried breakout of a ceiling at $0.06600.
In the present day’s transfer comes because the 10-day (purple) transferring common crossed over its 25-day (blue) counterpart, for the primary time since September 13, which is after we final noticed HBAR at these present ranges.
Ought to we see this upwards momentum proceed, then bulls will doubtless power a breakout of the resistance level referenced above.
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May hedera preserve this momentum all through the rest of the week? Tell us your ideas within the feedback.
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