Quant rose to its highest level of the year on Saturday as prices rose for the third consecutive session. In addition to this, Tron was also higher as the token attempted to break out of a key resistance point. Overall, the cryptocurrency market is down 1.95% at the time of writing.
Quant (QNT)
Quant (QNT) was one of the notable moves of the weekend as the token surged to a 10-month high.
After hitting a low of $162.00 on Friday, QNT/USD surged to an intraday peak of $184.98 in today’s session.
The move follows a three-day rally that saw the token rise to its highest point since January 8.
At the time of writing, the 14-day relative strength index (RSI) is deep in overbought territory and tracking at 80.19.
This is slightly above the 79.00 ceiling, which could mean that the bears may be looking for some slippage before approaching and re-entering the market.
If bullish momentum remains high, traders could target an exit near the $190 level.
Tron (TRX)
Tron (TRX) made another big gain over the weekend as price tried to break out of a key resistance line.
TRX/ In this context, TRXreached a peak of $0.06501 less than a day after hitting a low of $0.06174.
As noted, this move caused TRX to collide with the $0.0650 ceiling, which has not been broken since late August.
After this peak,TRXhas since fallen and is trading at $0.06264 as of writing.
The 14-day RSI is now tracking below the 57.00 ceiling at the 53.92 mark and appears to be headed for the 50.50 support point.
If this target is reached, TRON will likely trade closer to $0.06100.
Sign up for email here to get weekly price analysis updates sent to your inbox.
Image credits: Shutterstock, Pixabay, Wiki Commons
