Biggest Movers: QNT Hits 6-Month High, ATOM Falls to 20-Day Low – Market Updates Bitcoin News

Today’s move came as the token broke out of a key resistance level, en route to its strongest point since March. Cosmos was another notable mover, dropping for a second straight session.Quant rose to a six-month high on Wednesday, despite crypto markets mostly hovering in the red.

Following a low of $122.08 on Tuesday, QNT/USD rallied to a hump-day high of $143.26 earlier in the day. The move came as prices raced past a key resistance point of $133.00, hitting their highest point since March 29 in the process.Shortly after the breakout, we saw bears reenter the market, likely as a result of uncertainty spurred by earlier bulls who opted to close positions.

As of writing, quant is currently trading below the aforementioned resistance point, with the 14-day relative strength index also hitting a ceiling. Currently, the index is deep in overbought territory, and tracking at 70.47. Should bulls aim to take price higher, the ceiling of 71.00 on the RSI will need to be broken.

Time to short 😈

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