• The QNT Crypto price has advanced by +1.79% in the last 24 hours.
• Quant Crypto is trading below all of the crucial EMAs.

Quant is a native cryptocurrency of a project that was launched in June 2018. Its goal is to connect blockchains and networks. In order to achieve its aims, it has developed an overledger network. One of its key features is that it has the ability to support the development and deployment of dApps. It also serves as a means of exchange and security token on the platform. It was created by Gilbert Verdian and was co-founded by Dr. Paolo Tasca.

Quant (QNT) is primarily traded in USD and USDT pairs, with the highest trading volume typically occurring in the USD pair. QNT is built on the Ethereum blockchain and follows ERC20 token standards. The QNT crypto’s current trading price is $87.33.

In the last 24 hours, the market cap of Quant crypto has advanced by 0.99% resulting in $1.054 Billion. The QNT crypto’s current circulating supply is 81.13% of its total supply. This results in 12.072 Million QNT out of a max supply of 14.881M QNT. 

Quant crypto has also witnessed a huge surge in trading volume in the last 24 hours. The current volume/market cap ratio of the crypto is 1.06%, following a volume of $11.98 Million traded in the last 24 hours.

Is Quant Crypto Available at a Good Price Or Will it Decline Further?

The QNT crypto has started to decline from the month of October 2023. The crypto hit a high of $228.5 before starting the decline and was following a higher high structure. The QNT crypto price steeply declined from the higher levels and is still following a downward trajectory.

If we look closer at the recent charts of Quant crypto, we can see that the price is following a declining channel. The crypto price is also forming uncertain candlesticks and is leading to lower levels day by day. 

The 50-day and 200-day moving averages are converging in a bearish pattern within the channel, indicating a death cross formation. The RSI for the crypto on the daily timeframe is also trading in a volatile range between 30-50. This indicates bearish to volatile momentum in the crypto.

QNT Liquidation Analysis

The Quant crypto has witnessed a huge increase of 36.99% in the derivatives trading volume resulting in $6.95 Million. It also has reported a long liquidation of $1.65K against the short of zero dollars. This leads to a long/short ratio of 1.0636 and also indicates that the sellers are dominating the crypto’s price.

Conclusion

The QNT crypto has witnessed an advance in spot and derivative volume in the last 24 hours. Despite this, there has been huge long liquidation seen in derivatives. The technical charts represent the crypto price to be bearish. 

Indicators such as the EMAs and RSI are reflecting the ongoing downward momentum in the price. Consequently, there’s a possibility of observing a further price decline or a breakdown from the falling wedge channel.

Technical Levels 

• Support levels- $75.300 and $87.60
• Resistance levels- $115.100 and $156.600

Disclaimer

The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.