As the market attempts to recover from the FTX cryptocurrency exchange liquidity crunch, several assets are standing out, defying the general downturn. In this line, interoperability-based crypto project Quant (QNT) appears to be building momentum aiming to reclaim previous highs.
Indeed, by press time, the token was trading at $124.19, gaining over 20% in the last 24 hours while attracting a buying pressure that saw the market cap hit $1.5 billion as of November 15. Over the 24 hours, the token has added about $0.24 billion, according to CoinMarketCap data.
Quant 24-hour price chart. Source: CoinMarketCap
Notably, the latest gains come after Quant hit a yearly peak of $225 on October 17 but has since been impacted by macroeconomic factors and the FTX crisis. At the same time, Quant has not been affected by any preceding negative news amid the ongoing market conditions.
QNT technical analysis
Despite QNT’s short-term gains, the token’s technical analysis remains bearish. In p
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