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Biggest Movers: QNT Close to 2-Month High Despite Recent Declines, NEAR Moves Toward 1-Year Low

News Feed - 2022-07-14 01:07:21

Biggest Movers: QNT Close to 2-Month High Despite Recent Declines, NEAR Moves Toward 1-Year Low


QNT was trading close to recent highs on Wednesday, as prices were battling through a turbulent session. The token was mainly in the green on hump day, falling by as much 7% on the day. NEAR also declined, with prices heading toward a one-year low. Quant (QNT)


QNT remained close to a two-month high on Wednesday, despite prices falling by as much as 7% earlier in today’s session.


The token dropped to an intraday low of $78.46 during Wednesday’s action, as prices moved towards support at $75.


Since this drop, prices have somewhat risen, with the token now trading at $80.20, which is around $10 away from last week’s high. QNT/USD – Daily Chart


This peak at $90.35 was the highest price QNT/USD has traded at since June 9, however following this high, bearish sentiment returned as traders likely liquidated their earlier positions.


Recent gains in QNT have come as the 10-day moving average continued to climb against the 25-day MA, however this momentum was halted by the recent $90.35 price ceiling.


Although bears have contributed to a volatile week of trading, momentum is still somewhat bullish, which could intensify in upcoming sessions.


Near Protocol (NEAR)


NEAR was hovering close to a one-year low on Wednesday, as prices fell for a fourth consecutive session.


Following a high of $3.33 on Tuesday, NEAR/USD fell to a lower low of $3.07 on hump day, which is its lowest level in two weeks.


This bottom is marginally above the bottom on June 20, when prices fell to $2.65, which was the lowest point for NEAR since August 2021. NEAR/USD – Daily Chart


As of writing, prices of the token continue to trade close to support of $3, which could be an ideal reentry point for bulls.


Recent history shows that bulls typically have bought close to the support point, and this could re-occur, should the 14-day RSI remain above its own floor.


This is at the 37.9 point, which has held firm for the past three weeks, and should this extend into a fourth, NEAR could move closer to $4.


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Tags in this story Analysis, NEAR, near protocol, QNT, quant


Will NEAR fall to a new 11-month low this week? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: ETH Remains Below $1,100 Despite Prices Rebounding on Wednesday MARKET UPDATES | 10 hours ago Biggest Movers: SOL Snaps Recent Losing Streak, as MATIC Moves Towards Resistance MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, David Esser / Shutterstock.com Previous articleUS Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets Next articleCan Accepting Crypto Benefit Your Business? Dello May Be the Answer 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 ItDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament


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