Quant (QNT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has gained 2.14% to $108.99.
Moderately Volatile
InvestorsObserver gives Quant a moderate volatility rank of 54, placing it in the top 46% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
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 near resistance. With support at $101.78 and resistance around $110.74. This positions Quant with potential selling pressures ahead as it may be getting over extended.
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.