![Quant [QNT] whales are selling, but traders needn’t be sad](https://i.headtopics.com/images/2022/10/2/cryptoamb/quant-qnt-whales-are-selling-but-traders-needn-t-b-quant-qnt-whales-are-selling-but-traders-needn-t-b-1576445667186188289.webp)
Quant [QNT], the multi-purpose cryptocurrency designed to function as a key to access the Quant Network suite of applications, led other crypto assets with the most gains last week. According to data from CoinMarketCap, the price of the #33 largest cryptocurrency rallied by 23% in the past seven days. As earlier reported, the recent rally […]
, QNT witnessed a surge in its network activity in the last week. The count for daily active addresses that traded the token in the past seven days grew by 20%.At press time, QNT logged a positive weighted sentiment.It is necessary to point out the fact that a correction typically follows the current position marked by QNT’s RSI. Should the bulls fail to sustain the buying pressure, the bears would take over the market and initiate a price decline.
Furthermore, price movements on a daily chart revealed that QNT had formed a rising wedge. A downward breakout usually follows this; hence, a drawdown in the asset’s price should be expected.Subscribe to get it daily in your inbox.
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