QNT price experiences a boom in buying pressure resulting in a 50% over the last ten days. Will this buying spree drive prices above $100? Key technical points: QNT prices have jumped by 18.26% in the last 24 hours. The market price surpasses the $74 resistance level. The 24-hour trading volume of Quant is $64 Million, indicating a rise of 103%. Past Performance of QNT The Bullish reversal in the QNT prices from the $40 mark showcases a boom in buying pressure after retesting $50. After taking the support at the ascending trend line, market prices skyrocketed and surpassed the $70 mark. The buying spree accounts for a 70% jump in the market value over the past month with an increase in the trading volume. Source- Tradingview QNT Technical Analysis The QNT price chart shows the breakout of the resistance level at $74, which increases the likelihood of a price jump to the psychological mark of $100. Hence traders can find low-risk entry points at the current market price. The MACD indicator shows a bullish Trend in the fast and slow lines as they cross above the zero line and enter the positive territory. Moreover, the rising trend in the MACD histograms reflects a remarkable increase in the bearing pressure. The RSI indicator shows a remarkable increase in the underlying bullishness as the slope prepares to cross above the overbought boundary. Hence, the indicator projects a high likelihood of a prolonged uptrend. In a nutshell...
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