Quantity: Evaluates whether or not QNT remains a profitable investment

  • QNT saw a massive increase in election transactions exceeding $100,000 on January 7th.
  • The price action shows a slight increase in the accumulation of coins.

During intraday trading on January 7, there was a significant increase in the number of large transactions (more than $100,000) involving the lot [QNT]Data disclosure from Santiment.

According to data from the on-chain analytics platform, alt closed the trading day with 221 QNT transactions worth more than $100,000, the highest in 16 months.

Source: feeling

After seeing a similar increase in the volume of large transactions from options investors on December 30, the price of QNT quickly increased by 10%. So it might be worth checking if a similar price growth is possible in the short term.


Quant’s read [QNT] Price forecast 2023-24


yes

At the time of publication, QNT was trading at $113.52. for each data from CoinMarketCapQNT price rose by 7% in the past week. Evaluating the performance of the crypto assets on the daily chart suggested that the bullish trend might continue as long as the macro factors remain favourable.

A look at QNT’s Bollinger Bands (BB) revealed very low volatility in the market. Also, with the narrow bandwidth between the upper and lower bands of the BB card, the QNT price has been less susceptible to large price changes over time. This suggests that QNT holders can weather the bullish momentum to book profits before the bears return to the market.

In addition, major momentum indicators such as the Relative Strength Index (RSI) and Money Flow Index (MFI) have been on bullish trends since the beginning of the year. The RSI is now positioned above their respective neutral zones, the RSI is at 52.71, while the MFI is at 55.63 at the time of writing.

Similarly, QNT’s Chaikin Fund Flow (CMF) came in at 0.10. A rising CMF is often seen as a sign of a buyers-led market strength. Therefore, the QNT price is expected to continue to rise.


how many [QNT] Can you get 1 dollar?


The QNT Moving Average Convergence/Divergence (MACD) indicates that a bull market is on its way, which will lead to further increases in the asset’s price.

MACD has only shown positive (green) histogram bars since the beginning of the year, and the volume of these bars is steadily increasing. This is a sign of strong bullish sentiment, which could push the QNT price to new heights.

Source: TradingView

Moreover, on-chain reads revealed that QNT has been an increasingly profitable crypto investment since July 2022. Its market capitalization to realized value (MVRV) has been placed above one, meaning QNT investors who have since sold have seen their investment double in return. .

Finally, with investors positively believing in further price growth, QNT Weighted Sentiment held steady at 0.495% at press time.

Source: feeling

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