Fun

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session

News Feed - 2022-12-04 12:12:55

Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session


Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token extended its recent gains for a fifth consecutive day. Quant (QNT)


Quant (QNT) was trading near a multi-week high on Saturday, as prices rallied above a notable resistance point.


QNT/USD rose to an intraday high of $131.95 to start the weekend, less than a day after it fell to a bottom of $121.95.


This surge in price pushed quant towards its highest point since Nov. 9, when price was trading at $150.60. QNT/USD – Daily Chart


Looking at the chart, today’s rally came as the token moved beyond a resistance at the $125.00 mark.


In addition to this, the 14-day relative strength index (RSI) is tracking at its strongest point since October 26, with a reading of 54.85.


Although this is below a resistance of 55.00, many expect QNT to move beyond this over the weekend, with price moving towards $140.00. Monero (XMR)


Monero (XMR) was another notable gainer on Saturday, as prices edged closer to a key ceiling.


Following a low of $143.30 in yesterday’s session, XMR/USD moved to a peak of $148.19 earlier today.


This saw monero hover close to a resistance point of $150.00, as bulls attempt to recapture a recent three-and-a-half-week high. XMR/USD – Daily Chart


As can be seen from the chart, XMR hit a three-week high on Thursday, when price traded at a top of $159.45.


Overall, the token has now been in the green for five straight days, and is up nearly 7% in the last week.


The RSI is currently tracking at 61.92, which is below a key ceiling of 65.00, which seems to be where bulls intend to land, and capture the $150.00 point in the process.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Monero, QNT, quant, xmr


Do you expect monero to hit $150.00 in the upcoming days? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start the Weekend MARKET UPDATES | 11 hours ago Biggest Movers: DOT Hits 12-Day High, UNI up for Fourth Straight Day MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin, Ethereum Technical Analysis: BTC Consolidates to Start the Weekend Next articleReport: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales


Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Rakesh Upadhyay14 hours agoBitcoin flatlines again, but TON, LINK, MKR, XTZ are poised for up-moveBitcoin’s failed breakout to the upside shows that the range-bound action could continue for some time, but that may not
How Tron’s upgrades are reshaping the digital economy: Report
Nick M9 hours agoHow Tron’s upgrades are reshaping the digital economy: ReportTron outperforms the altcoin market with groundbreaking developments and robust metrics. Our comprehensive report provides a closer look at
Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says
Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and
Martin Young4 hours agoBitcoin ETFs to push US slice of crypto ETF trading volume to 99.5% — AnalystApproval of spot Bitcoin ETFs in the United States will likely push the country"s share of crypto ETF trading volumes
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financi
Bitcoin Price Risks Further Crash As S&P Monthly LMACD Turns Bearish, Why Bulls Have Only 20 Days
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Elizabeth Warren crypto bill draws criticism and sparks election challenge
Robert D. Knight10 hours agoElizabeth Warren crypto bill draws criticism and sparks election challengeElizabeth Warren’s anti-crypto stance continues to draw criticisms from within the industry.848 Total views2 Total s
UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges
UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges Young and small cryptocurrency businesses will pay lower registration fees than
Martin Young3 hours ago5 highlights of Sam Bankman-Fried’s first day of trialPotential jurors shared their mostly negative interactions with crypto investing, while a slim-figured former FTX CEO sat flanked by attorney
Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at All
Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn"t Reduced QE at All With inflation soaring in the U.S., economists from monetary policy anal
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining
Hungary"s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining The governor of Hungary’s central bank has called for a ban on cryptocurrency trad
Bitcoin, Ethereum Technical Analysis: ETH Below $1,900 as Ethereum Foundation Comments on Gas Fees
Bitcoin, Ethereum Technical Analysis: ETH Below $1,900 as Ethereum Foundation Comments on Gas Fees Ethereum was once again trading below $1,900 during Thursday’s session, as