Quant ended a streak of three consecutive declines on Friday, as costs rebounded following latest losses. The transfer noticed the token bounce in direction of its latest resistance stage of $180.00. Uniswap, on the opposite hand, remained within the pink, falling beneath a key assist level within the course of.
Quant (QNT) rose increased on Friday, as costs rebounded following three days of straight declines.
Earlier in at present’s session, QNT/USD rose to an intraday peak of $179.15, lower than a day after falling to a low of $159.06.
The transfer noticed the token rise from yesterday’s one-week low, which got here simply days after buying and selling near a one-year excessive.
Looking on the chart, at present’s rebound in quant noticed the 14-day relative power index (RSI) additionally transfer away from a assist level of its personal.
As of writing, the index is monitoring at 59.01, close to its lowest level since September 23.
The subsequent seen resistance appears to be at 65.00, and may worth power attain this level, we might see QNT buying and selling above $200.00.
On the opposite aspect of the spectrum, uniswap (UNI) was one in every of Friday’s greatest losers, as costs fell by practically 8%.
UNI/USD, which rose to a peak of $6.49 throughout yesterday’s session, slipped to a low of $5.85 earlier at present.
As a results of at present’s sell-off, uniswap fell beneath a key assist level of $5.95, hitting its lowest level since October 13 within the course of.
Friday’s decline in worth has additionally pushed the RSI to a flooring of 42.30, which is the weakest level for the index within the final ten days.
Currently, uniswap has rebounded from its earlier lows, and as of writing is buying and selling at $5.95.
This exhibits a stage of bullish momentum nonetheless stays within the market, regardless of costs now falling for a second consecutive session.
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