Quant (QNT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 0.46% to $122.19.
Moderately Volatile
InvestorsObserver gives Quant a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
QNT’s moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Quant price is in a favorable position going forward. With support at $118.04 and resistance at $124.32. This positions Quant with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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