The cryptocurrency market has been making slight dips in recent days, given that Bitcoin has dropped to $48K, and it is failing to make any substantial gains above $50K. This price movement is creating a bearish trend for the other cryptocurrencies, and most altcoins are heading towards lower levels. However, some, such as Quant, show slight gains.
Quant is trading at $171.34 at the time of writing after a 6.7% gain in 24 hours.
Quant price analysis
The QNT token has been on a major bullish rally during the past 24 hours despite the recession happening across the broader market.
If the QNT token continues with its gains, it could move towards the next major resistance level of $175. This level could be achieved if there is enough support from buyers. The token could also move towards a major uptrend if the entire market support comes in.
In September, the QNT token has made a major bullish rally, such that it surpassed the $400 levels. However, a steep correction erased most of these gains.
Currently, the broader market is pushing towards lower levels, and QNT could give in to this bearish trend. In this case, it could drop to the lower support of $165. Before the 24-hour rally, the token had dropped to $150, and it could go back to trading at these levels again if the buyer support weakens.
The Quant network has been one of the leading ones in the market because of its potential. The network comes with interoperability for Distributed Ledger Technology (DLT). This has boosted its use cases in enterprises and the entire blockchain sector.
Where to buy QNT
To buy QNT tokens, you can create an account on the following platforms:
eToro is a reliable exchange platform that supports a broad range of cryptocurrencies and trading pairs. eToro supports user-friendly features such as copy trading and low trading fees, making it ideal for both new and expert traders.
If you want to buy QNT tokens, you can create a cryptocurrency exchange account on Binance. Binance is the leading exchange platform, and it supports more than 300 cryptocurrencies. Binance also charges the lowest trading fees.
Your capital is at risk.