RWA Favorites Kaspa (KAS) and Quant (QNT) Test Resistance – Could May Mark the Start of a Rally?

Investors are eagerly watching Kaspa (KAS) and Quant (QNT) as these crypto assets approach key resistance levels. The question on everyone's mind is whether May will see these coins break through and kickstart a significant price rally. The article delves into the factors driving potential growth and what could signal a strong upward trend for these cryptocurrencies.

Kaspa Price Dynamics: Volatile Month and Six-Month Correction

Kaspa showed strong momentum in the past month with a nearly 60% gain, contrasting with a roughly 7% drop over the last six months. The one-week performance fell around 2.6%, highlighting short-term adjustments against a longer-term correction. Price action over these periods indicates bursts of investor enthusiasm that were later tempered by overall market sentiment, reflecting rapid moves followed by stabilization.

Current trading levels place the price between $0.059 and $0.115, with immediate resistance near $0.140 and support around $0.027. Bulls are active within this range, but no clear trend has emerged. Traders might consider breakouts above $0.140 or look for buying opportunities if support holds at $0.027, keeping an eye on momentum indicators and RSI around 63.

Quant (QNT) Market Surge: Rising Momentum and Key Levels

Quant has shown notable strength with a 26.74% rise in the past month and a solid 49.29% jump over six months. A one-week increase of 12.47% adds to the picture of steadily growing value. Solid past gains and steady upward performance signal an overall bullish trend, with price action clearly reflecting mounting market interest.

Current prices vary between roughly $63 and $82. Resistance lies near $89 and $108 while support is positioned at $51 and $32. A rising RSI near 68 indicates that bulls dominate the scene. Trades may focus on buying near support levels and taking profits as resistance zones are tested.

Conclusion

KAS and QNT are at crucial resistance points. Breaking these levels could signal the start of a significant rally. Both coins have shown strong performance recently, suggesting positive momentum. A successful break might attract more attention and investment, reinforcing their upward trends. Monitoring the price action closely can provide insights into potential future movements.

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.