Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher

Quant continued to commercialized adjacent to an eight-month precocious connected Wednesday, arsenic prices of the token roseate for a 2nd consecutive day. Hedera was different notable mover successful today’s session, arsenic it roseate by arsenic overmuch arsenic 11% earlier successful the day. Overall, crypto markets are marginally down arsenic of writing.

Quant (QNT)

Quant (QNT) roseate for a 2nd consecutive time connected Wednesday, arsenic prices remained adjacent to an eight-month high.

On Sunday, the token surged to a highest of $163.83, which is the highest constituent quant has deed since February 8.

Earlier successful today’s session, QNT/USD was astatine a precocious of $157.80, which sees prices lone $6 distant from the aforementioned peak.

QNT/USD – Daily Chart

As a effect of caller gains, QNT is present firmly successful overbought territory, with the 14-day comparative spot scale (RSI) tracking astatine 70.19.

This is marginally beneath a ceiling of 71.00, which quant bulls volition request to overcome, should they mean to nonstop prices higher.

Price uncertainty volition apt beryllium heightened astir this region, with bears perchance besides waiting for the accidental to reenter.

Hedera (HBAR)

Hedera (HBAR) was different notable gainer connected hump day, with the token climbing by arsenic overmuch arsenic 11%.

Following a debased of $0.05879 connected Tuesday, HBAR/USD managed to emergence to a highest of $0.06596 earlier today.

As a effect of this surge successful price, hedera has present deed its strongest constituent successful 1 month, since erstwhile the token was trading supra $0.0737.

HBAR/USD – Daily Chart

Looking astatine the chart, HBAR has since fallen from earlier highs, arsenic bears reentered the marketplace pursuing the failed attempted breakout of a ceiling astatine $0.06600.

Today’s determination comes arsenic the 10-day (red) moving mean crossed implicit its 25-day (blue) counterpart, for the archetypal clip since September 13, which is erstwhile we past saw HBAR astatine these existent levels.

Should we spot this upwards momentum continue, past bulls volition apt unit a breakout of the absorption constituent referenced above.

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Could hedera support this momentum passim the remainder of the week? Let america cognize your thoughts successful the comments.

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