Quant: Assessing whether or not QNT remains a profitable investment

  • QNT confirmed a spike in whale trades above $100,000 on January 7th.
  • Price movements indicate an increase in coin accumulation.

During the January 7th intraday trading session, there was a significant increase in the number of large trades ($100,000 and above) involving Quant. [QNT]revealed data from Santiment.

According to data from an on-chain analytics platform, alt closed the trading day with 221 QNT transactions above $100,000, the highest in 16 months.

Source: Santimento

The price of QNT surged 10% after a similar increase in trading volume by whale investors on December 30th. Therefore, it may be worth considering the possibility of similar price increases in the short term.

read the quants [QNT] Price Forecast 2023-24

the ayes have it

At the time of writing, QNT was trading at $113.52.per data from coin market capitalization, QNT price rose 7% last week. An evaluation of crypto assets’ performance on the daily chart suggests that the bullish trend may continue as long as the macro factors are favorable.

Looking at QNT’s Bollinger Bands (BB), we see very low price volatility in the market. Furthermore, due to the narrow bandwidth between BB’s high and low bands, QNT’s price was not prone to significant price fluctuations in between. This suggests that QNT holders can weather the bullish momentum and record gains before the bear market re-enters the market.

Also, key momentum indicators such as the Relative Strength Index (RSI) and the Money Flow Index (MFI) have trended higher since the beginning of the year. Currently located above their respective neutral zones, the RSI was at 52.71 while the MFI was at 55.63 at the time of writing.

Similarly, QNT’s Chaikin Money Flow (CMF) marked a spot at 0.10. A growing CMF is often seen as a sign of a strong market being driven by buyers. Therefore, we expect the price of QNT to continue to rise.

how many quants [QNT] Can I buy it for 1 dollar?

QNT’s Moving Average Convergence/Divergence (MACD) indicates that a bull market was underway leading to further price gains for the asset.

MACD has shown only positive (green) histogram bars since the beginning of the year, and the size of these bars has steadily increased. This is a strong bullish signal and could propel the price of QNT to new highs.

Source: Trading View

Additionally, on-chain measurements have revealed that QNT has been an increasingly profitable cryptocurrency investment since July 2022. Its Market Value to Realized Value Ratio (MVRV) is greater than 1. their investment.

Finally, weighted sentiment for QNT remained at 0.495% at the time of writing, due to positive investor confidence in further price gains.

Source: Santimento

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