Quant hit a year-to-date high on Saturday as prices climbed for a third consecutive session. On top of that, the tron was also higher as the token attempted to break out of a key resistance point. Overall, cryptocurrency markets were down 1.95% at the time of writing.
Quant (QNT) was one of the notable movers to start the weekend, as the token hit a ten-month high.
After a low of $162.00 on Friday, QNT/USD hit an intraday high of $184.98 earlier in today’s session.
The move saw the token surge to its highest level since Jan. 8 and comes after three days of gains.
As of this writing, the 14-day Relative Strength Index (RSI) is now deep in overbought territory and sits at 80.19.
It’s slightly above a high of 79.00, and that could mean the bears could be looming, looking for any slippage, before heading back in.
If the bullish momentum remains high, we could see traders targeting an exit around the $190 level.
Tron (TRX) was another big gainer to start the weekend as prices tried to break out of a key resistance level.
TRX/USD hit a high of $0.06501 earlier in today’s session, which comes less than a day after hitting a low of $0.06174.
As mentioned earlier, the move saw tron collide with a high of $0.0650, which has not been breached since late August.
Since hitting that high, TRX has since slipped and, at the time of writing, is trading at $0.06264.
The 14-day RSI is now back below a high of 57.00, and trailing a mark of 53.92, and appears to be heading towards a support point of 50.50.
If this target is achieved, it is likely that tron prices will trade near $0.06100.
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Do you expect any more tron gatherings this weekend? Let us know your thoughts in the comments.
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