Quant increases by 20 %because Loopring Selloff extends - market tactualizations
Quant increases by 20 %because Loopring Selloff extends - market tactualizations
After previous phases of consolidation, the tide turned to cryptocurrencies this afternoon, and the markets were in a red wave. Quant managed to avoid the wave and rose up to 20 %during the session.
biggest winner
After the strong yesterday's growth, the global cryptocurrency market was over 6 % lower on Wednesday, but there were some remarkable exceptions.
quant was one of these exceptions and was by far one of the greatest promoters in the crypto top-100.
qnt/USD reached an intraday high of $ 119.91 on Wednesday after it was traded at a low of $ 97.60 the day before.
in today's rally QNT expands its winnings on the third day in a row and is now about to break into the Fibonacci zone of 0.236.
This run began after QNT/USD rose from his support at $ 89 on Monday after it had fallen to the lowest stand for over a year towards the end of the last month.
There is currently a visible RSI resistance, some are still confident that we could be set to a break.
biggest loser
LOOPRING now expanded the losses from Tuesday and fell to a low of $ 0.8932, which resulted in the price at almost 7 % at the time of writing.
Nevertheless, another bear stood out on Wednesday, namely Arweave (AR).
AR/USD had fallen by 8.3 % at the time of writing and reached a session low of $ 37.04, which came after a resistance of $ 42.20 was held.
This sale fell with the 14-day RSI, which could not break out of his latest upper limit of 50, which seems to be the topic under the cryptocurrencies on Wednesday.
Nevertheless, the short-term trend still points upwards, which could mean that bulls are still present and are only waiting for a good time for the re-entry.
How high will you think that will rise in this case? Share your thoughts in the comments.
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