Quant, the popular cryptocurrency project in the Real-World Asset Tokanization industry, continued his recovery on Thursday.
QNT tokens reached a high level of $ 97.40, its highest level is from February 2 and 30% is above the lowest swing of this month.
The token jumped after Oracle, the 19th largest company globally, Unveiled Its ORACLE blockchain platform digital assets edition. OBP DA is a new enterprise-grade solution designed to help partners in the manufacture and deployment of digital assets.
It simplifies toilet efforts by combining bank-grade distributed laser infrastructure with smart contracts. The platform is designed using quant’s overdaler technology, which enables cross-leger operations and workflows.
The overlayer is often seen as a better and more advanced alternative to the Chanlink (Link) Cross-Chain Interoperability Protocol or CCIP. This enables the OBP DA to ensure an immediate nuclear agreement with disability and bridge the gap between blockchain.
This is an important partnership as it displays the technique of quant on a large scale. Its success can also pursue more companies and organizations to embrace their technology.
Quant tokens also jumped as a user, long-term chainlink holders swap her link tokens for Quant, a sign that he expects will perform well over time.
Meanwhile, the volume balance on centralized exchanges continued to fall, an indication that holders are not dumping. Coinglasses suggests that exchanges have 946,000 QNT tokens, below the high level of 1.08 million tokens of the previous year.
Quantity value technical analysis
The daily chart suggests that the price of QNT rose to a high of $ 171.3 in 2024 and retreated at a low of $ 72.54 last week. It has bounced back $ 95.57, 61.8% Fibonacci Retressing Level and significant resistance to its lowest swing in December and January. It is a sign that it has formed a brake-end-winst pattern, which is a popular continuity signal.
Quant 50-day and 200-day moving averages and Ichimoku cloud indicators have also been below. Therefore, while quant has strong technology, there is a possibility that it will resume the dowtrand, and possibly resume support at $ 72.55.
