Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
The price of Quant (QNT) crypto has been moving quite bullishly over the last 24 hours as we see many altcoins print green candles following a short-term relief bounce in the blockchain markets.
Quant has performed really well over the last quarter, pumping from $89 all the way up to $217 and then all the way back down again to $117.
Is now a good time to buy Quant (QNT) and which other cryptos should you divert your attention to?
Following the recent crypto crash Quant (QNT) crypto has taken quite a large hit.
Quant (QNT) crashed from $150 down to an oversold position of $94 before slowly recovering to trading prices of today at $118.
Currently $124 serves as a huge resistance level for QNT and in order to see positive price continuation this is a very critical resistance trendline that needs to be surpassed.
As we can see, QNT has been rejected multiple times at roughly $124 which was a key area of resistance.
The key support level of $120 (now flipped into resistance) was also broken earlier today and the price now trades in a descending broadening channel.
There is a good chance of retesting the resistance trendline of this channel at roughly $118.7 and then retesting resistance at roughly $120.3.
Regardless of the recent volatility, I do think Quant (QNT) crypto could be a strong addition to any healthy long-term crypto portfolio.
QNT is still up 189% from the crypto crash in May 2022, which reflects it is quite stable and there is a lot of investment appetite.
For the remainder of 2022 I speculate that Quant (QNT) crypto will chop sideways between $154 and $94 as market sentiment
Read more on cryptonews.com