Fun

Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher

News Feed - 2022-10-13 12:10:16

Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher


Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT)


Quant (QNT) rose for a second consecutive day on Wednesday, as prices remained close to an eight-month high.


On Sunday, the token surged to a peak of $163.83, which is the highest point quant has hit since February 8.


Earlier in today’s session, QNT/USD was at a high of $157.80, which sees prices only $6 away from the aforementioned peak. QNT/USD – Daily Chart


As a result of recent gains, QNT is now firmly in overbought territory, with the 14-day relative strength index (RSI) tracking at 70.19.


This is marginally below a ceiling of 71.00, which quant bulls will need to overcome, should they intend to send prices higher.


Price uncertainty will likely be heightened around this region, with bears potentially also waiting for the opportunity to reenter. Hedera (HBAR)


Hedera (HBAR) was another notable gainer on hump day, with the token climbing by as much as 11%.


Following a low of $0.05879 on Tuesday, HBAR/USD managed to rise to a peak of $0.06596 earlier today.


As a result of this surge in price, hedera has now hit its strongest point in one month, since when the token was trading above $0.0737. HBAR/USD – Daily Chart


Looking at the chart, HBAR has since fallen from earlier highs, as bears reentered the market following the failed attempted breakout of a ceiling at $0.06600.


Today’s move comes as the 10-day (red) moving average crossed over its 25-day (blue) counterpart, for the first time since September 13, which is when we last saw HBAR at these current levels.


Should we see this upwards momentum continue, then bulls will likely force a breakout of the resistance point referenced above.


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


Could hedera maintain this momentum throughout the remainder of the week? 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, ETH Move Higher Ahead of US Inflation Report MARKET UPDATES | 11 hours ago Biggest Movers: ETC, NEAR at 3-Month Lows on Tuesday MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFinder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit Next articleSolana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March 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 ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework


Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

News Feed

Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next Year
Bitcoin Will Be Accepted for Tax Payments in Swiss Canton Zug Next YearBitcoin and ether can be used to pay taxes in the Swiss Canton of Zug starting next tax season. Zug’s cr
Colorado Could Be Next in the Race to Bank Crypto (and Cannabis)
The Takeaway: Members of Colorado’s Blockchain Coincil have begun the process of creating special-purpose banking legislation to cater to crypto companies. The aim is to get a bill in front of Colorado lawmakers by
Dogecoin Core reproducibility update ‘imminent’
Amaka Nwaokocha13 hours agoDogecoin Core reproducibility update ‘imminent’The Dogecoin Core client is essential for several functions, including participating in the network and validating and relaying transactions.4
Uber CEO Says Firm Will ‘Lean Into Crypto’ When It Becomes ‘Environmentally Friendly,’ Less Expensive to Transact
Uber CEO Says Firm Will "Lean Into Crypto" When It Becomes "Environmentally Friendly," Less Expensive to Transact Speaking in an interview on Friday, Uber CEO Dara Khosrowshahi exp
Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin
Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two c
Gary Gensler could ‘literally cost Joe Biden the election’ — Mark Cuban
Tristan Greene3 hours agoGary Gensler could ‘literally cost Joe Biden the election’ — Mark CubanThe billionaire investor also intimated that any political aspirations Gensler had would amount to nothing due to the
Elon Musk Says Bitcoin Suitable for Store of Value, Dogecoin for Transactions as Time Names Him Person of the Year
Elon Musk Says Bitcoin Suitable for Store of Value, Dogecoin for Transactions as Time Names Him Person of the Year Tesla CEO Elon Musk, who has been named Time Magazine’s Pe
Report: Chinese Metaverse Industry Raises $780 Million in Funding
Report: Chinese Metaverse Industry Raises $780 Million in Funding The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this
Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards
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
Biggest Movers: SOL 15% Higher, as LTC Hits 5-Week High
Biggest Movers: SOL 15% Higher, as LTC Hits 5-Week High Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market c
StarkWare changes STRK token unlock schedule following controversy
Jesse Coghlan15 minutes agoStarkWare changes STRK token unlock schedule following controversyStarknet developer StarkWare cited community feedback as the reason it changed its token unlock schedule for its investors.104
Brayden Lindrea4 hours agoNFT marketplace OpenSea to disable royalty enforcement toolOpenSea’s royalty enforcement tool Operator Filter is going to be turned off, according to the NFT marketplace’s founder and CEO, D