Quant rose to its highest point since the start of the year on Saturday, as prices rose for the third session in a row. In addition to this, tron was also higher, as the token tried to break out of a key resistance point. Overall, cryptocurrency markets are down 1.95% at the time of writing.
Quant (QNT) was one of the notable movers to kick off the weekend as the token hit a ten-month high.
After hitting a low of $162.00 on Friday, QNT/USD rose to an intraday high of $184.98 earlier in today’s session.
This move saw the token surge to its highest point since Jan. 8 and comes after three days of gains.
At time of writing, the 14-day RSI is now in overbought territory and is trading at 80.19.
This is marginally above a top of 79.00, and this could mean that the bears could be lurking around, looking for a slip, before re-entering.
If the bullish momentum remains high, we could see traders targeting a breakout around the $190 level.
Tron (TRX) was another big gainer to start the weekend as prices attempted to break out of a key resistance level.
TRX/USD reached a high of $0.06501 earlier in today’s session, which comes less than a day after hitting a low of $0.06174.
As mentioned above, the move caused tron to hit a top of $0.0650, which has not been broken since the end of August.
Since reaching this peak, TRX has fallen and, at the time of writing, is trading at $0.06264.
The 14-day RSI is now back below a high of 57.00, and remains at a mark of 53.92, and looks to be heading for a support point at 50.50.
If this target is hit, tron prices are likely to trade near $0.06100.
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Do you expect more tron rallies this weekend? Let us know your thoughts in the comments.
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