Quant (QNT) established its all-time high at $104 three days ago. The cryptocurrency has been strongly bullish despite the bearish downtrend in the market. At the time of writing, Quant coin stands at a price level of $82. The price has moved upwards in the twenty-four timeframe while the daily trading volume has declined by 40%.

Quant Technical Analysis

The market sentiment for Quant crypto is bullish. Out of the total twenty-six technical indicators, fifteen are giving out a signal of buy with ten indicators standing on a neutral position and only on the indication of sell. Both the oscillators and moving averages are strongly bullish.

Quant coin has been operating on an ascending trendline although the cryptocurrency moved upwards from the trendline amidst strong bullish momentum. As is the norm in the market, Quant coin can be expected to fall to bearish momentum after the strong price rally. If Quant is gripped by the bears, it can be expected to drop towards the earlier identified trendline. The trendline is acting as strong support and a bounce back to the upside can be expected from it.

Why is Quant (QNT) bullish amidst a bearish market?

The network has been very active recently with new developments going on which resulted in a price rally despite a bearish cryptocurrency market. The developments may also hint towards a continuation of the bullish outlook for cryptocurrency.

Quant recently got listed on Coinbase pro – a feat not easy to achieve. As trading on Coinbase Pro began, Quant coin got propelled upwards. Before the listing, the development team of the network had also launched a technological upgrade which brought the cryptocurrency under attention. The new upgrade, Overledger 2.0, has received recognition from high-profile players like Oracle and Deloitte.