Quant’s QNT holders have enjoyed a smooth ride to the top in the last seven days as the rest of the market faced the heat. But what goes up must come down and QNT has already started showing retracement signs. It might even be ripe for a quick short position and here’s why. QNT just […]
Quant’s QNT holders have enjoyed a smooth ride to the top in the last seven days as the rest of the market faced the heat. But what goes up must come down and QNT has already started showing retracement signs. It might even be ripe for a quick short position and here’s why.
The downside expectations are not just in QNT’s price action. Some of Quant’s on-chain metrics also point towards such an outcome. For example, its velocity metric pivoted halfway into the rally and was down to its lowest monthly level, at press time on 28 September.The lower velocity may indicate that the trend is growing weak and this means it will soon give way to the bears. QNT’s 90-day Mean coin age metric already pivoted after attaining a new monthly high on 26 September.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin price climbs above $19,500 as the DXY falls by 1.8%Bitcoin price climbed back above support at $19,600 as global asset prices trended higher following a 1.8% pullback in the DXY.
Read more »
Mistakes and disobeying the law can cost you plenty in insurance premiums: ReportMotorists caught texting while driving could see their premiums jump by $1,814, says RATESDOTCA.
Read more »
U. Washington Working to Incorporate Diversity, Equity and Inclusion Into School’s Botanic Gardens“[t]here’s a history of colonialism in many botanic gardens”
Read more »