Quant QNT Trades Near $294 as Daily RSI at 81 Flags Overbought
- —QNT at $294.12, above EMA20 of $155.61, EMA50 of $106.71 and EMA200 of $79.04
- —Daily RSI14 at 81.43, hourly RSI cooled to 55
- —Price pinned to upper Bollinger Band at $302.12 versus midline of $124.24
- —Hourly MACD shows bearish crossover; ATR14 at $45.78
Why it matters: Extreme overbought conditions raise the risk of a sharp pullback toward support at $284.54 or $279.75.
Source: The Cryptonomist