QNT Hits 10-Month High On Saturday – Market Updates Bitcoin News
Quant rose to its highest point since the start of the year on Saturday, as prices climbed for a third straight session. In addition to this, tron was also higher as the token attempted to break out of a key resistance point. Overall, cryptocurrency markets were down 1.95% at the time of writing.
Quant (QNT)
Quant (QNT) was one of the notable movers to start the weekend, as the token rose to a ten-month high.
After a low of $162.00 on Friday, QNT/USD rose to an intraday high of $184.98 earlier in today’s session.
The move saw the token climb to its highest point since January 8, and comes after three days of gains.
At the time of writing, the 14-day relative strength index (RSI) is now deep in overbought territory, trailing at 80.19.
This is marginally above a ceiling of 79.00 and this could mean that bears may be threatening and looking for slips before re-entering.
Should the bullish momentum remain high, we could see traders targeting an exit around the $190 level.
Tron (TRX)
Tron (TRX) was another big gainer to start the weekend, as prices tried to break out of a key resistance level.
TRX/USD rallied to a high of $0.06501 earlier in today’s session, which comes less than a day after hitting a low of $0.06174.
As mentioned earlier, the tron looked to collide with a ceiling of $0.0650, which has not been breached since late August.
Since reaching this peak, TRX has since fallen, and is currently trading at $0.06264.
The 14-day RSI is now back below a ceiling of 57.00, tracking to a mark of 53.92, and appears to be headed for a support point of 50.50.
Should this target be reached, it is likely that the prices of tron will trade near $0.06100.
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Expecting more rallies from the throne this weekend? Let us know your thoughts in the comments.
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