Market Rebound Underway? Quant (QNT) and EOS Gain Over 20% in 7 Days – Is AAVE the Next to Rally?

Quant (QNT) and EOS have surged significantly, marking a potential market rebound. Over the past week, these cryptocurrencies have seen gains exceeding 20%. Investors are now eyeing AAVE as a possible candidate for the next big rally. Dive into the article to uncover which coins might be primed for growth in the evolving market landscape.

Uptrend Momentum for Quant Signals Altcoin Opportunity

QNT's past month and six-month performance show steady gains with a 45.91% and 50.89% rise respectively, suggesting consistent upward movement. The coin’s recent week surge of 23.57% underlines its robust growth, with the price steadily rising within a well-established range. These figures reflect a coin that has experienced strong buying interest over recent periods, setting the stage for a potential altcoin season as market momentum builds.

Current prices sit between $63.20 and $82.20 with key nearby support at $51.40 and resistance at $89.40. Bulls are driving prices higher, though caution is warranted given an RSI near 70.31. The trading idea is to watch moves within these levels for entry points, keeping an eye on the second support at $32.40 and resistance at $108.40.

EOS Market Update: 75% 6-Month Surge and Bullish Key Levels

EOS recorded an 8% gain in the last month and an impressive 75% surge over the past six months. The price action demonstrated steady growth, defying market volatility with a strong recovery. Throughout this period, EOS managed to hold its ground, attracting positive sentiment among traders as its technical indicators showed consistent improvement.

Currently, EOS is testing a support level at $0.41 and a resistance level at $1.01, with an additional target at $1.32. A recent increase of 23.52% within the week and an RSI of 69.16 indicate robust bullish momentum. Traders might consider buying near support while watching for breakouts above resistance to capitalize on potential upward movements.

Upbeat Aave Rally Amid Uncertain Trends

Last month showed Aave surging by over 40% with a 1-week jump of 14%, while the half-year change remained modest at around 3%. The recent rally hints at renewed investor interest, with price momentum gaining pace. Rallying in the shorter term contrasts with the slower movement over six months, showing a volatile yet energetic trend in the market.

Price currently ranges between $125.92 and $191.14. Immediate support stands at $87.40 and resistance at $217.84, with a secondary resistance at $283.06. Bulls seem active given the high short-term gain, but RSI near 65 suggests caution as overbought conditions might arise. Aave may present buying opportunities near support with stops at key resistance levels.

Conclusion

Quant (QNT) and EOS have shown strong performance with gains over 20% in the past week. These increases highlight their potential and investor interest. Attention now shifts to AAVE as it might be the next to experience significant growth. Monitoring these trends can provide insights into market momentum.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.