Quant (QNT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has added 0.2% to $121.75.
Moderately Volatile
InvestorsObserver gives Quant a moderate volatility rank of 53, placing it in the top 47% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
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 at $119.35 and resistance at $122.86. 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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