QNT Stays Near Multi-Week High, XMR Up For Fifth Trial – Market Updates Bitcoin News
Quant was one of the biggest winners to start the weekend, as the price stayed close to a multi-week high. This comes as cryptocurrency markets were marginally higher, following Friday’s volatile session. Monero was also higher on Saturday, as the token extended recent gains for a fifth consecutive day.
Quant (QNT)
Quant (QNT) traded near a multi-week high on Saturday as prices rose above a notable resistance point.
QNT/USD rose to an intraday high of $131.95 to start the weekend, less than a day after falling to a low of $121.95.
This price increase pushed the quant towards its highest point since November 9, when the price traded at $150.60.
Looking at the chart, today’s rally came when the token moved past a resistance at the $125.00 mark.
In addition to this, the 14-day relative strength index (RSI) is following at its strongest point since October 26, with a reading of 54.85.
Although this is below a resistance of 55.00, many expect the QNT to move beyond this over the weekend, with the price heading towards $140.00.
Monero (XMR)
Monero (XMR) was another notable gainer on Saturday as prices edged closer to a key ceiling.
After a low of $143.30 in yesterday’s session, XMR/USD moved to a high of $148.19 earlier today.
This sent monero hovering near a resistance point of $150.00, as bulls attempted to recapture a recent three-and-a-half-week high.
As seen in the chart, XMR hit a three-week high on Thursday, when the price traded to a high of $159.45.
Overall, the token has now been in the green for five consecutive days, rising nearly 7% in the past week.
The RSI is currently tracking at 61.92, which is below a key ceiling of 65.00, which appears to be where the bulls intend to land, capturing the $150.00 point in the process.
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Do you expect monero to reach $150.00 in the coming days? Let us know your thoughts in the comments.
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