QNT Hits 10-Month High on Saturday – Market Updates Bitcoin News

Quant surged to its highest level since the start of the year on Saturday as prices rose for the third consecutive month. In addition, Tron was also higher as the token attempted to break out of a key resistance point. Overall, the cryptocurrency markets are down 1.95% at the time of writing.

Quantity (QNT)

Quant (QNT) was one of the notable climbers early in the weekend as the token surged to a 10-month high.

After hitting a low of $162.00 on Friday, QNT/USD rose to an intraday high of $184.98 at the start of today’s session.

This move saw the token climb to its highest level since Jan. 8, and comes after three days of gains.

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QNT/USD – daily chart

As of this writing, the 14-day Relative Strength Index (RSI) is now deep in overbought territory and stands at 80.19.

This is slightly above a 79.00 ceiling and could mean bears emerging and looking for blips before reentering.

If the bullish momentum stays high, we could see traders targeting an exit around the $190 level.

Tron (TRX)

Tron (TRX) was another big gainer early in the weekend as prices attempted to break out of a key resistance level.

TRX/USD rushed to a high of $0.06501 earlier in today’s session, set less than a day after hitting a low of $0.06174.

As mentioned, Tron collided with a ceiling of $0.0650, which has not been breached since late August.

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TRX/USD daily chart

Since making that top, TRX has slipped and is trading at $0.06264 as of this writing.

The 14-day RSI is now back under the 57.00 ceiling and is now trading at 53.92 levels and seems headed for 50.50 support point.

Should this target be met, Tron prices are likely to trade near $0.06100.

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Expect more tron ​​rallies this weekend? Let us know your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic perspective to market analysis, having previously been a broker director and retail educator. He currently acts as a commentator for various asset classes including crypto, stocks and forex.

photo credit: Shutterstock, Pixabay, WikiCommons

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