Quant (QNT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has fallen 0.64% to $160.75.
Moderately Volatile
InvestorsObserver gives Quant a moderate volatility rank of 52, placing it in the top 48% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
QNT’s moderate volatility reading comes 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 around $157.81 and resistance at $164.73. 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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.