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QNT has rebounded nearly 30% from its low point, can the warming technical indicators push it to the $100 mark?
[Coin World] The recent trend of QNT is quite impressive. After being pumped up from the position of 79 dollars, it is now stable around 88 dollars. Compared to the low point of 68 dollars in November, it has already seen an increase of nearly 30%.
Several signals on the technical side are beginning to warm up: the price has risen above the 50-day moving average, and conventional indicators like MACD and RSI are also turning bullish. Regarding market sentiment, the entire cryptocurrency sector is recovering, and institutional funds are gradually entering the market. These factors combined provide a good upward momentum for QNT.
Looking up, the psychological barrier of 100 dollars should be the first position to test. If this position can hold against the pullback, the subsequent resistance levels of 107 dollars and 130 dollars will have the opportunity to be gradually challenged. Of course, the premise is that the overall market doesn't suddenly change its face; otherwise, even the strongest single coin will have to adjust.