Quant (QNT) Price Surges as Near-Term Momentum Appears Bullish, But There’s a Catch

Quant (QNT) coin has been noticed on the market due to its recent price fluctuations. As of now, the coin is trading at $106.55, marking a 5.25% increase in the last 24 hours and a 3.51% rise over the past week.

However, it’s essential to note that this is a significant drop from its all-time high (ATH) of $428.74, recorded on September 11, 2021. The coin has also seen a 53.26% decrease from its 52-week high of $227.95.

The short, medium, and long-term trends for Quant are all strongly downward, indicating a bearish market for the cryptocurrency, as per altFINS. Check it out here:

However, the near-term momentum appears to be bullish, as evidenced by the Moving Average Convergence Divergence (MACD) Signal Line crossover. The Relative Strength Index (RSI-14) center line crossover also suggests a bullish trend, with the RSI value being greater than 50.

Interestingly, the RSI-14 levels indicate that the coin is neither in an overbought nor oversold state, with the RSI value being greater than 30 and less than 70. This suggests a balanced market for Quant. Furthermore, the coin’s price is currently above the Upper Bollinger Band, pointing to recent increased price volatility.

At the heart of Quant is Overledger, the brand of enterprise software solutions powered by the QNT cryptocurrency. Overledger’s primary goal is to bridge the gap between public blockchains and private networks, acting as a gateway for any blockchain-based project to access all other blockchains. It also facilitates the connection between applications within the same blockchain ecosystem.

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In essence, Overledger is designed to foster interoperability and connectivity in the blockchain world, making it a vital tool in the ever-expanding universe of cryptocurrencies. As the crypto market continues to evolve, the role of solutions like Overledger and cryptocurrencies like Quant will undoubtedly become even more critical.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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