Altcoins ended June trading in the green zone, and Quant has moved over to July with a bullish streak. The altcoin has been making significant gains, with investors wondering whether the coin will recover from the May market losses.
In the past 24 hours, the price of Quant has increased by 15.5%. At the time of writing, Quant is trading at $79.61 on major exchanges.
Quant Price Analysis
The price of Quant is consolidating to higher levels, and the price upswing recently witnessed is proof of this. It is one of the altcoins showing signs of a bullish flag, and holders remain optimistic that gains may be realized soon.
Quant is inching closer towards breaking the immediate resistance of $80. Breaking past this level will be great for Quant because it confirms that the bull run is in play. However, to get to this level, QNT needs to continue enjoying support from the broader crypto market and support from buyers purchasing during this trend.
On the other hand, Quant might also retreat to a downtrend, with the lower support level sitting at $75. Retreating to $75 will happen if the $80 level is rejected. However, pushing to $70 and below might occur if there is no market support. Pressing to $75 and below will trigger selloffs, and a downtrend to this level might confirm that bears have resumed.
Quant is a great token to invest in because of its underlying technology. Investors who dive into crypto because of the technology might see QNT as a viable investment because of its Overledger decentralized ledger technology.
If the technology continues gaining adoption from DeFi developers and market enthusiasts, we might see the value of QNT tokens increasing in future. The Overledger DLT is one of the main features of Quant that might fuel adoption.
Where to Buy QNT
If you want to buy Quant tokens, you can do so from the following exchanges:
eToro is one of the leading exchanges that support QNT. At eToro, a user enjoys an array of features such as copy trading, low fees and demo trading account that even new beginners can enjoy using the platform.
One of the leading exchanges that support QNT is Binance. Binance offers some of the lowest trading fees and gives users access to a wide range of cryptocurrencies and trading pairs.
Looking to buy or trade Quant (QNT) now? Invest at eToro!
75% of retail investor accounts lose money when trading CFDs with this provide.
Credit: Source link
