Price Analysis

Quant Price Raising Beyond Crucial Resistance, May Reach $200 AnyTime from Now!

Author: Sahana Vibhute

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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After a brief rally, the cryptospace has entered a correction phase as Bitcoin prices are about to drop below $19,000 for the ‘nth’ time in a row. The weak hands wait for every opportunity to extract profit, regardless of whether the jump was a minor or a major one. Hence, these weak hands are expected to be blown out in 2022, as the long-term holders could wait until the crypto goes long soon. 

Amid the current retracement, Quant price continues to be among the top gainers for the day with a jump of more than 25% since the early trading hours. Moreover, the price is continuing to maintain a notable upswing, which may push the price close to the pivotal level of around $200. 

Now that the ONT price has surged above $172, then it may be time to go long as predicted by one of the popular analysts, michael van de poppe

The analyst believed the asset has gained huge bullish momentum and is all set to go long as the price has surpassed $172. 

On the other hand, social dominance has been rising significantly for the past six months. As per the data from Lunar crush, social activity like mentions, contributions, engagements, etc has been rising significantly. 

With a rise in social activity, the Quant price has pulled a massive leg up, and moreover, the upswing is expected to continue until social dominance remains high. Therefore, during the upcoming weekend, the QNT price is expected to reach $200 and face a slight pullback. This may further induce a catapult action that may raise the price towards the upper targets soon. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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