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Best Crypto Gainers Today, June 5 – Quant, Toncoin, Tron

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Highlights:

  • The best crypto gainers today include Quant, TRON, and Toncoin, defying overall market weakness.
  • Quant leads with strong gains, breaking above key support and eyeing $124 in the near term.
  • TRON and Toncoin show bullish patterns backed by rising volume and network activity.

Today, the crypto market is in decline as the global market cap decreased by 1% to $3.29 trillion. However, the trading volume has surged to $101 billion, indicating increased market activity. Additionally, the crypto market is holding steady at 56 indexes, indicating a neutral market sentiment. Despite the broad bearish sentiment, some tokens have displayed resilience and posted gains. In the section below, we will look at the best crypto gainers today, such as Quant, TRON, and Toncoin.

Best Crypto Gainers Today

1. Quant (QNT)

Quant has emerged as the best crypto gainer today with a surge of 1.45% in the past 24 hours. At the time of this writing, QNT is exchanging hands at $1.15.5, elevating the weekly gains to 43%. Moreover, its market capitalization and trading volume are $1.42 billion and $24.7 million, respectively. 

Best Crypto Gainers Today
Source: CoinMarketCap

Technical indicators on the daily chart suggest further gains for Quant. The key support at the $87 region has held strong and the bulls are pushing for a rally toward the $124 region. Should the bulls breach this mark, the next resistance is seen at $147.

Best Crypto Gainers Today, June 5 - QNT, TRX, TON
Source: TradingView

In addition, the Relative Strength Index (RSI) is at 67, heading to the overbought region, indicating a further rally in the QNT market. Additionally, the Moving Average Convergence Divergence (MACD) displays a positive outlook as the MACD line makes a bullish crossover, suggesting a solid bullish momentum. 

2. Toncoin (TON)

Toncoin’s price has gone up by 1.20% within the past 24 hours, standing at $3.22. During this period, the token has fluctuated between $3.14 and $3.25, indicating the bulls are targeting higher. Despite the weekly chart loss of 3%, it has surged by 9% on the monthly chart.

Source: CoinMarketCap

Toncoin is beginning to look strong after creating a double bottom at a key support point. Although the price remains in a falling channel, there is an improvement with rising volume. The technical setup is favorable, which may lead to another climb in prices soon. The upcoming key resistance areas are found at $5.735, $6.86,8, and $7.907.

With the structure tightening, it would not take much for any breakout to gain momentum. With more interest and steady patterns, it seems the trend may continue if volume grows further.

3. TRON (TRX)

TRON is reversing its current downtrend observed on the weekly chart. Currently, it has gained 0.70% in the past 24 hours to trade at $0.272 with a market cap and trading volume of $25.93 billion and $490 million, respectively. TRX has surged by 11.60% over the past 7 days. 

Best Crypto Gainers Today
Source: CoinMarketCap

According to CryptoQuant, activity on TRON is getting stronger and setting new highs for important metrics. The active addresses’ average metrics for both the 50-day and 100-day periods recently hit new records. It demonstrates that the network is used more often with steadily higher engagement. TRX is still gaining in price, even if not as fast as the address count.

As user activity increases, it usually drives bigger changes in prices. Regarding the analysis, there is potential for positive returns as the network’s speed supports it. Investors should watch this carefully, especially as address growth keeps leading to price action. TRON’s current pattern shows that the price is supported by a strong foundation.

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