QNT Extends Recent Gains, Climbs 10% on Saturday – Market Updates Bitcoin News
Quant moved higher for a second session in a row on Saturday, as prices rose by as much as 10%. The move sees the token break out of a key resistance level, with many now expecting a move towards $200. Xrp was also higher, extending recent gains in the process.
Quant (QNT)
Quant (QNT) was up for a second day in a row, as prices rose by as much as 10% to start the weekend.
Less than 24 hours after hitting a high of $179.15, the token rose to an intraday high of $193.75 earlier today.
Today’s move sees QNT/USD break out of its recent resistance point at $185.00 and many now expect prices to move back to $200.
However, previous gains have slowed somewhat and at the time of writing, the token is trading at $182.97
Looking at the chart, the 14-day relative strength index (RSI) is now tracking at 60.88, having failed to move past a ceiling of 65.00.
Should bulls eventually overcome this hurdle, it is likely that we will see the price move back above $200.00.
Another notable draw on Saturday was XRP, which surged over 6% to start the weekend.
XRP/USD rose to a high of $0.4668 on Saturday, following on from Friday’s low of $0.4418.
The move sees prices bounce off a key support point at $0.4495, moving away from a three-week low in the process.
Looking at the chart, the move comes as the 14-day RSI marginally broke out of a resistance level at 49.00.
Currently, the index is tracking at 50.03, which is the highest point price strength has hit since Tuesday, signaling a return of bullish sentiment.
Should bulls continue to maintain an upward momentum, we will likely see the token formerly known as ripple move closer to a ceiling of $0.5000.
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Can xrp rise to $0.5000 before the end of October? Let us know your thoughts in the comments.
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