Quant rose to its highest point since the start of the year on Saturday, as prices climbed for a third straight session. In addition, tron was also higher as the sign tried to break out of a key resistance point. Overall, cryptocurrency markets were down 1.95% at the time of writing.
Quant (QNT)
Quant (QNT) was one of the notable movers to start the weekend, as the token rose to a ten-month high.
After a low of $162.00 on Friday, QNT/USD rose to an intraday peak of $184.98 earlier in today’s session.
The move sent the token climbing to its highest point since January 8, and comes after three days of gains.
As of writing, the 14-day relative strength index (RSI) is now deep in overbought territory, tracking at 80.19.
That’s slightly above a ceiling of 79.00, and that could mean bears could be looming, looking for any slips, before going back in.
Should bullish momentum remain high, we could see traders target an exit around the $190 level.
Tron (TRX)
Tron (TRX) was another big gainer to start the weekend as prices tried to break out of a key resistance level.
TRX/USD rallied to 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 ceiling of $0.0650, which has not been broken since late August.
Since reaching this high, TRX has since declined, trading at $0.06264.
The 14-day RSI is now back below a ceiling of 57.00, and is tracking a point of 53.92, and looks to be headed for a support point of 50.50.
Should this target be met, it is likely that prices of tron will trade near $0.06100.
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Are you expecting any further rallies from tron this weekend? Let us know your thoughts in the comments.
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