Quant: Assessing whether or not QNT remains a profitable investment

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QNT saw a huge spike in whale transactions exceeding $100,000 on 7 January. Price movements reveal an uptick in coin accumulation. During the intraday trading session on 7 January, there was a noticeable increase in the number of large transactions (over $100,000) involving Quant [QNT], data from Santiment revealed. 🐳 After its modest +10% price […]

, QNT’s price went up by 7% in the last week. An assessment of the crypto asset’s performance on a daily chart suggested that the bullish trend might continue as long as macro factors remained favorable.

Also, key momentum indicators such as the Relative Strength Index and the Money Flow Index have been in uptrends since the beginning of the year. Now positioned above their respective neutral zones, the RSI was 52.71, while the MFI was 55.63 at press time.

 

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