Quant (QNT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has dropped 5.83% to $108.3.
Moderately Volatile
InvestorsObserver gives Quant a moderate volatility rank of 47, placing it in the bottom 47% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
QNT’s moderate volatility reading is coupled 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 well positioned going forward. With support near $101.44 and resistance near $112.17. This leaves 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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