Quant: Bitcoin Indicators Now Look Similar To Q4 2020, Big Move Ahead?
Quant says some Bitcoin indicators show the same trend as in during Q4 2020, suggesting that BTC could make a similar move up. Bitcoin Netflow And Stablecoins Supply Ratio Trends Look Similar To Q4 2020 As explained by an analyst in a CryptoQuant post, two BTC indicators: the netflow and the stablecoins supply ratio, are both trending similarly to how they did during the last quarter of 2020. The Bitcoin netflow indicator shows the net number of coins entering or exiting exchanges. Its value is calculated by taking the difference between the outflows and the inflows. When the metric....
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Quant moved higher for a second straight session on Saturday, as prices rose by as much as 10%. The move sees the token break out of a key resistance level, with many now expecting a move towards $200. Xrp was also higher, extending recent gains in the process. Quant (QNT) Quant (QNT) was up for a second straight day, as prices rose by as much as 10% to start the weekend. Less than 24 hours after hitting a peak of $179.15, the token surged to an intraday high of $193.75 earlier today. Today’s move sees QNT/USD break out of its recent resistance point of $185.00, with many now....
While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today’s move came as the token broke out of a key resistance level, en route to its strongest point since March. Cosmos was another notable mover, dropping for a second straight session. Quant (QNT) Quant (QNT) rose to a six-month high on Wednesday, despite crypto markets mostly hovering in the red. Following a low of $122.08 on Tuesday, QNT/USD rallied to a hump-day high of $143.26 earlier in the day. The move came as prices raced past a key resistance point of $133.00,....
Quant ended a streak of three consecutive declines on Friday, as prices rebounded following recent losses. The move saw the token bounce towards its recent resistance level of $180.00. Uniswap, on the other hand, remained in the red, falling below a key support point in the process. Quant (QNT) Quant (QNT) rose higher on Friday, as prices rebounded following three days of straight declines. Earlier in today’s session, QNT/USD rose to an intraday peak of $179.15, less than a day after falling to a low of $159.06. The move saw the token rise from yesterday’s one-week low, which came just....
QNT whales have started securing profits after the token's 450%-plus price rally since June 2022. The price of Quant Network (QNT) eyes a sharp reversal after an impressive 450% rally in the past four months.QNT's downside outlook takes cues from a flurry of technical and on-chain indicators, all suggesting that investors who backed its price rally have likely reached the point of exhaustion.QNT/USD daily price chart. Source: TradingViewHere are three reasons why it could be happening.Quant's daily active addresses dropInterestingly, the period of QNT's massive uptrend coincided with....
As Bitcoin rallies past $57k, Quant explains using on-chain analysis why the cryptocurrency may see a pullback here. Bitcoin Funding Rate And Futures Open Interest Show Rising Values As explained by an analyst in a CryptoQuant post, some BTC indicators are showing values that have historically signaled that a correction could be coming soon. The first metric of relevance is the Bitcoin funding rate, which is defined as the periodic payment that futures contract traders have to pay. Positive values imply most traders are bullish and long traders are paying this fee to short traders. While....