The Quant price surged 9% in the last 24 hours to trade at $70.49 as of 00:59 a.m. EST on trading volume that plunged 69% to 56 million.
Quant Price Prediction: A Potential Bullish Reversal on the Lookout
The QNT price is currently displaying a bullish trend, with bulls leveraging the rounding pattern to drive the price into a markup phase. Investors have capitalized on the $57 support level to propel the price upward, according to data from GeckoTerminal.
QNT is now trading above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the strength of the bullish momentum. Notably, the 50-day SMA has crossed above the 200-day SMA, forming a golden cross, which is considered a strong bullish signal and suggests that the uptrend may continue.
Additionally, the Relative Strength Index (RSI) is above the 70-overbought threshold, currently sitting at 71, indicating that the asset is experiencing significant buying pressure.
The Moving Average Convergence Divergence (MACD) indicator is also in positive territory, with the blue MACD line positioned above the orange signal line, indicating a bullish crossover. This further reinforces the current positive outlook for the asset.
QNTUSD Chart Analysis Source: GeckoTerminal.com
According to the RSI and MACD, the price of Quant is currently on an uptrend. If this momentum continues, QNT could soar to the next resistance level at $72.
In an inverse scenario, if the bears prevail, the price of QNT might plunge to a downward trajectory and fall back, with $68 acting as the immediate support level.
Meanwhile, investors are also rushing to buy the new meme coin Crypto All-Stars (STARS), which has amassed over $1.1 million in its presale in just three weeks.
According to ClayBro, a prominent crypto analyst on YouTube with over 130K subscribers, $STARS has the potential for massive gains.
Crypto All-Stars Presale Secures Over $1.1 Million – A Must-Buy Meme Coin?
Crypto All-Stars is an innovative project that aims to revitalize the meme coin sector by introducing a unique utility: passive income generation through unified staking.
At the heart of the project is the MemeVault protocol, which will allow holders of popular meme coins like Dogecoin ($DOGE), Pepe ($PEPE), Floki, Mog, Milady, Brett, Turbo, and others to stake their tokens collectively.
By simply holding $STARS, investors can bring these meme coins into the MemeVault and earn significant rewards. The more $STARS you hold, the greater the rewards you’ll be eligible for.
This setup enables investors to earn rewards in the native $STARS token, simplifying the staking process across multiple meme coins and enhancing the overall user experience.
The project has been audited by Coinsult and SolidProof, adding a layer of security. 🔒
Plus, the developer is publicly known – a rarity in the crypto world, boosting credibility.
— web3telepath (@web3telepath) August 15, 2024
Launched just three weeks ago, this new meme coin is also turning heads with annual staking rewards for its native token, $STARS, of 1,278%.
Additionally, an upcoming staking protocol for popular meme coins is set to launch soon.
With the presale price of $STARS currently at just $0.0014305, now is the perfect time to buy. But hurry as a price hike is coming in a little more than a day.
Buy $STARS directly from the project’s official website here using ETH, BNB, or credit cards.
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