- QNT had risen by 10.65% in the last 24 hours.
- Quant Fundamentals indicated that a high profit as holders are missing conviction.
The last day, Quantity [QNT] has made a strong revival, which has risen from a local low of $ 93 to achieve a highest high point of three months of $ 108.
At the time of the press, Quant traded at $ 106. This meant an increase of 10.65% in the last 24 hours. In the same period, Quant’s trade volume increased by 606%and reached a total of $ 71 million.
On the spot market, the volume rose by 346.9%and climbed to $ 40.2 million, with a noticeable increase in both purchase and sales activity.
Buyers gathered 27k QNT -Tokens, while sellers discharged 26k QNT, who emphasized strong market involvement.
Source: Coinalyze
Moreover, the Futures market activity has risen considerably, with the open interest from Quant by 41% to $ 22 million, according to data from Coinglass.
This increase suggests that investors actively take strategic positions, long or short.
Despite the peak in Futures activity, most investors seem to be short. Quant’s Funding Rate (FR) has fallen sharply in negative territory, even if the price and the volume continue to rise.
At the time of writing, the FR hit a monthly low, which indicates a strong bearish sentiment among futures traders.
Source: Messari
This suggests that most investors enter the market with short positions, which is usually a bearish signal.
In addition to the growing demand for shorts, the increase in futures activity seems to be powered by the sales volume. Although Futures Sales Volume decreases, it remains higher than the purchase volume, with 6K sales orders compared to 3K buying orders.
This indicates that participants in the Futuresmarkt are not bullish, despite the rising prices.
Source: Coinglass
The spot market reflects a similar trend, with outsourcing the exchange rate that surpasses.
Despite the rising prices, sellers have loaded $ 1.1 million in quant, indicating a significant profitable profitable by investors who had been installed under water since February.
This price increase, in combination with Beerarish sentiment, raises questions about the future trajectory of Quant.
What is the next step for QNT
According to the analysis of Ambcrypto, Quant experiences a strong upward momentum, but the market sentiment still has to be bullish.
The MacD and RSI Bullish crossovers from the Altcoin confirm a strong upward momentum.
The RSI -Crossover indicates an increase in buyer pressure, where buyers strongly check the market. In the meantime, the MacD -Crossover strengthens this requirement and indicates that the uprising will probably continue.
Source: TradingView
The bullish cross -overs suggest that speculators have entered the market and the prices have been stimulated higher in the past day.
If speculators keep buying, Quant can gather up to $ 113. However, conviction buyers still have to intervene and the general market sentiment remains careful.
In the meantime, an increased sales activity on exchanges indicates that holders take a profit. If this trend continues, the upward trend can be short -lived and QNT can be reflected in $ 98.