Quant (QNT) Investors Flush Out Ahead of a Major Move

Quant [QNT] has managed to maintain the positive zone in the past week, growing 8.15%, with the tendency to trend higher as dictated by its measly rally

Quant [QNT] has shown signs of recovery over the past week, rising 0.58% in the past 24 hours and 8.15% in the past seven days.

The asset has been trading within a bullish triangle pattern on the daily chart, forming a potential stop hunt.

After breaching support, the asset showed signs of reclaiming it, presenting a possibility for a major move upward.

Moreover, there has been a surge in buying activity from traders in the past 48 hours, presenting a favorable outlook for QNT.

Key Levels to Watch

QNT/USD Daily Closing Price: $97.02

QNT/USD 24-Hour Trading Volume: $280,124

QNT/USD All-Time High: $429.5

QNT/USD 24-Hour Minimum Price: $96.55

QNT/USD 24-Hour Maximum Price: $100.05

Crucial Macro and Technical Points

A bullish triangle pattern has been forming on the daily chart.

After breaching support, the asset showed signs of reclaiming it.

There has been a surge in buying activity from traders in the past 48 hours.

A major move could be on the horizon if support is reclaimed.

After forming a bullish triangle pattern and showing signs of a potential stop hunt, QNT breached support. However, the asset showed signs of reclaiming it on lower timeframes.

This could present a possibility for a major move upward, especially considering the buying activity from traders in the past 48 hours.

Highlighting buying activity on Binance, roughly 280,000 QNT were sold on the exchange. At the current匯率, this amounts to about $280,124.

This buying activity could contribute to the asset’s potential move upward from its current price.

Investors flush out ahead of a major move

As QNT showed signs of reclaiming support on lower timeframes, the asset showed potential for a major move upward.

This is especially true considering the buying activity from traders in the past 48 hours, which could contribute to the asset’s potential move upward from its current price.

Moreover, large holders of QNT, who control a notable supply of the asset, showed interest in the market once again.

From its low the previous day, a total of $1.29 million in QNT was traded in the market. This indicated interest among large holders, especially considering the asset’s price climb in the past 24 hours.