Quant, Jupiter, and Injective Under the Spotlight After Strong Weekly Performance – Will Momentum Hold?

Three digital currencies have recently caught the crypto community's eye, showing notable gains over the past week. The focus is on whether Quant, Jupiter, and Injective can keep up their impressive run. This article dives into their latest performances and breaks down what might be behind their upward trends. Readers will explore if these coins are set for continued growth.

Quant's Bullish Price Action and Key Levels

Over the past month, Quant's price surged by nearly 39%, and its six-month gain of around 11% indicates steady growth. Price fluctuations between $63 and $82 established a dynamic backdrop, contributing to significant momentum. Recent increases highlight a clearly defined upward trend that builds confidence among traders.

Current levels show resistance at about $89, with additional hurdles at $108, while solid support holds near $51. Bulls appear to lead, bolstered by a rising momentum indicator and an RSI level of 67. Traders may consider buying near support and targeting profit areas near resistance as the market continues to favor an upward trend.

Jupiter's Recent Rally Amid Long-Term Decline

Jupiter surged by over 26% in the past month, indicating a brief recovery from a significant downturn, where it dropped nearly 46% over the last six months. This stark contrast in performance highlights the volatility of the market, driven by shifting investor sentiments. The recent rebound may indicate a potential turning point for Jupiter, drawing renewed interest from traders who previously observed weakness.

Currently, Jupiter is trading near a support level of $0.21, with resistance situated at $0.63 and an alternate cap at $0.84. The market shows mixed signals, with a relative strength index indicating bullish sentiment, yet overall caution remains prevalent. Traders might view this support level as an opportunity to enter positions, particularly while waiting for a decisive breakout above the resistance level.

Injective Price Surge and Long-Term Volatility

Past month gains reached nearly 37% with a weekly boost of about 19%. However, the six-month performance slid by over 50%, highlighting a sharp short-term recovery amid long-term decline. Volatility is evident in both timeframes, as recent rallies contrast sharply with a significant downturn seen over half a year.

INJ current prices fall between roughly $7 and $11, with resistance around $13 and $17, while support holds near $4.60 and $0.43. Bulls are active in the short term amid upward pushes, yet the mixed medium-term picture suggests the trend is not firmly established. Trading within these support and resistance zones provides opportunities for careful entries and exits.

Conclusion

QNT, JUP, and INJ have shown impressive growth over the past week. Each token has its unique strengths and recent developments highlight their potential. The question remains whether this momentum can continue. Market trends and upcoming announcements will play crucial roles. The focus now is on watching these assets closely to see if they can sustain their upward trajectory.

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.