- Guess what? A whopping 25.27% increase in active addresses! Looks like people are paying attention!
- Traders went a bit crazy, hanging on by their fingertips at $78.90 on the low end, and nervously peeking at $87.10 on the high end.
On May 2nd, while most cryptocurrencies were still having a nap, Quant [QNT] decided it was time to shine and took the stage like a rockstar.
Not only did QNT outpace the big boys like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL], but it’s looking like it’s just getting started. Hold onto your hats, folks!
QNT Price Momentum & Market Sentiment
At the moment, QNT is strutting around at $82.30, flaunting an impressive 8.50% surge in just 24 hours. Talk about making an entrance!
As if that wasn’t enough, trading volume went through the roof, climbing a ridiculous 115%. Clearly, traders are loving what they’re seeing.
This sudden surge in trading volume, paired with rising prices, is basically screaming “bullish momentum!” A rally that actually looks real? Maybe! Time will tell.
While QNT was busy flexing its muscles, BTC, ETH, and SOL were all busy playing catch-up, with a mere 1.60%, 0.35%, and -0.80% gains, respectively. Talk about leaving them in the dust.
Quant Price Action & Technical Analysis
According to AMBCrypto’s tech wizards, QNT is looking super bullish right now and could be gearing up for even more explosive action. Stay tuned!
QNT recently threw a rebellious tantrum, smashing through a long-time bearish trendline, followed by a short breather. Now, it’s back, and stronger than ever.
At the moment, QNT has just broken through a tough $80 resistance, and it’s making it look easy. What’s next? A glorious ride to $104? Possibly!
If the momentum stays as fiery as a dragon on a caffeine rush, QNT could soar 25% and reach $104 in the blink of an eye. Oh, and if it keeps pushing, it might just hit $123.50, but we’re not promising anything just yet.
As of now, the Chaikin Money Flow (CMF) is sitting pretty at 0.17, which means the buying pressure is looking as strong as an ox. Definitely a bullish sign!
Surging Activity
In addition to all that juicy price action, let’s talk about the on-chain excitement. According to IntoTheBlock and CoinGlass, investor participation is going through the roof.
There’s a notable 25.27% increase in daily active addresses, which means people are jumping on the QNT train faster than a kid at a candy store.
And here’s the kicker: traders are playing the leverage game at $78.90 on the low side (support) and $87.10 on the high side (resistance). They’ve piled up $258.71k in long positions and $197.13k in short positions. Looks like they’re all in on this one.
When you mix these on-chain metrics with the technicals, it’s safe to say that bulls are currently calling the shots. QNT is looking like it’s ready to keep climbing higher and higher.
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2025-05-02 18:23