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

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)

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.

QNT/USD – Daily Chart

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)

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.

TRX/USD – Daily Chart

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.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis, having previously been a brokerage director and retail educator. Currently, he acts as a commentator on various asset classes including Crypto, Stocks, and FX.

image credits: Shutterstock, Pixabay, Wiki Commons

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