QNT Rebounds Friday, UNI Extends Recent Drop – Market Update Bitcoin News

Quants ended a third straight decline on Friday as prices rebounded from recent losses. This move caused the token to bounce back towards his recent resistance level of $180.00. Uniswap, on the other hand, remained in the red, falling below key support points in the process.

Quant (QNT)

Quants (QNT) rose on Friday as prices rebounded from three days of consecutive declines.

Earlier in today’s session, QNT/USD fell to a low of $159.06 before rising to an intraday peak of $179.15 less than a day later.

The move pushed the token higher from yesterday’s one-week low.

Looking at the charts, the 14-day Relative Strength Index (RSI) has also moved away from its own support point due to today’s quant rebound.

As of this writing, the index is hovering at 59.01, nearing its lowest point since September 23rd.

The next visible resistance is likely at 65.00 and if price strength reaches this point, QNT could trade above $200.00.

Uniswap (UNI)

Meanwhile, Uniswap (UNI) suffered one of Friday’s biggest losses as its price fell by nearly 8%.

UNI/USD, which rose to a peak of $6.49 during yesterday’s session, fell to a low of $5.85 early today.

As a result of today’s selling, uniswap broke below the key support point of $5.95, hitting its lowest since October 13th in the process.

Friday’s price drop also pushed the RSI to the lower end of 42.30, the weakest indicator in the past 10 days.

Uniswap has now recovered from its previous lows and is trading at $5.95 at the time of writing.

This shows that bullish momentum still remains in the market despite two consecutive price declines.

Sign up for your email here to have weekly price analysis updates sent to your inbox.

Do you think Uniswap will drop over the weekend? Let us know your thoughts in the comments.

image credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. NEITHER THE COMPANY NOR THE AUTHOR WILL BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS ARISING OR ALLEGED TO OCCUR ARISING OUT OF OR RELATING TO YOUR USE OF OR RELIANCE ON ANY CONTENT, PRODUCTS OR SERVICES DESCRIBED IN THIS ARTICLE. We are not responsible.