Cryptocurrency

QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session – Market Updates Bitcoin News


Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day.

Quant (QNT)

Quant (QNT) was trading near a multi-week high on Saturday, as prices rallied above a notable resistance point.

QNT/USD rose to an intraday high of $131.95 to start the weekend, less than a day after it fell to a bottom of $121.95.

This surge in price pushed quant towards its highest point since Nov. 9, when price was trading at $150.60.

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session
QNT/USD – Daily Chart

Looking at the chart, today’s rally came as the token moved beyond a resistance at the $125.00 mark.

In addition to this, the 14-day relative strength index (RSI) is tracking at its strongest point since October 26, with a reading of 54.85.

Although this is below a resistance of 55.00, many expect QNT to move beyond this over the weekend, with price moving towards $140.00.

Monero (XMR)

Monero (XMR) was another notable gainer on Saturday, as prices edged closer to a key ceiling.

Following a low of $143.30 in yesterday’s session, XMR/USD moved to a peak of $148.19 earlier today.

This saw monero hover close to a resistance point of $150.00, as bulls attempt to recapture a recent three-and-a-half-week high.

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session
XMR/USD – Daily Chart

As can be seen from the chart, XMR hit a three-week high on Thursday, when price traded at a top of $159.45.

Overall, the token has now been in the green for five straight days, and is up nearly 7% in the last week.

The RSI is currently tracking at 61.92, which is below a key ceiling of 65.00, which seems to be where bulls intend to land, and capture the $150.00 point in the process.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect monero to hit $150.00 in the upcoming days? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

Related posts

Dash 2 Trade Launches on Five Exchanges — One to Watch in 2023

Elaine Watlington

To Boost The Economy, South Korea Will Have Digital IDs on Blockchain

Elaine Watlington

GMT soars 60% after “STEPN x ASICS” NFT announcement

Elaine Watlington

Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol Gains

Elaine Watlington

Algorand surges to the highs of 6-month range, but should traders go long

Elaine Watlington

Ethereum founder Vitalik Buterin trolled for an objectionable picture: New crypto token VitalikBigDickInu (VDICK) created

Elaine Watlington

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More