- The market flow during the previous trade session could be part of the global movement before a major rally.
- An increase in active addresses of Etrien was correlated with the activity of purchasing different market segments.
Quant (qnt) managed to maintain the positive area in last week, increasing by 8.15%, with the upward trend trend as dictated by its lean rally of 0.58% in the last 24 hours.
This is supported by its current technical model and its purchasing activities with market players.
Investors manage before a major movement
On the daily graph, QNT is negotiated in a triangle Haussier model, trendy prices in a defined range of support and resistance. Recently, QNT violated this model, forming a potential stop hunt.
A stop hunting occurs when the price of more suddenly lowered prices, violating support or resistance, liquidating orders on the market before rallying in the initial direction of the market.
In this case, QNT has violated the level of support, allowing intelligent investors to accumulate more QNT at a cheaper price before hanging on.
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Source: tradingView
However, QNT potential for a major decision depends on the asset recovery medium at $ 96.9.
If this is the case, returning to the bullish reason, then that could probably violate the pattern upwards. This established a new summit of $ 171.7, a market rally of 77.45%.
The purchase activity of quantum traders could increase prices
There has been an increase in the number of activities among the actors of the QNT Trading market. Ambcryptto connects this to the purchase activity according to the amount sold on exchanges during the last 48 hours.
Intotheblock’s information shows that over the past seven days, the number of active addresses increased by 2.02%. The number has reached 897 unique addresses in the last 24 hours.
These addresses have contributed to around $ 280,000 QNT bought in the last 48 hours.
According to the current exchange, Netflow, which became negative, $ 262,320 were bought last day, with an additional $ 18,110 value of the assets purchased, at the time of the press.
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Source: Coringlass
If the purchase continues to grow, it presents a decent chance for qnt to recover the level of support and make a major movement up.
Large tip trading support
After a slight decrease in activity, the interest among the major QNT holders, who control a significant supply of the assets, has increased.
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Source: cryptocurrency
From its lowest the day before, a total of $ 1.29 million in QNT was exchanged on the market. This indicates the interest among the big holders.
This interest could benefit from the price of assets, which has increased up in the last 24 hours.