Quant (QNT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has increased 5.3% to $128.31.
Moderately Volatile
InvestorsObserver gives Quant a moderate volatility rank of 51, placing it in the top 49% 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 is paired 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 trading above resistance. With support set at $119.76 and resistance at $124.07. This positions Quant out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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