Top crypto price predictions: Quant, Bonk, Hedera Hashgraph

Crypto prices held steady on Monday morning as investors eyed the upcoming US and China trade talks and the US consumer inflation data. Bitcoin price was trading at $105,500, while the market capitalization of all tokens stood at $3.3 trillion. This article provides a forecast for top tokens like Quant (QNT), Bonk (BONK), and Hedera Hashgraph (HBAR). Quant price forecast QNT price chart | Source: TradingView Quant is a top cryptocurrency project that aims to provide institutions with the technology they need in building programmable money. It recently came into the spotlight after being selected as a participant in the digital euro project. Quant is also used by top companies like Oracle and Hitachi that deploy its Overledger solution. Overledger allows these companies to build tools that are interoperable across multiple blockchains. The daily chart shows that the Quant token price has been in a strong rally in the past few months, moving from $58 in April to $118 today. It is hovering at its highest point since January 18 this year. Quant token remains above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bulls are in control. Oscillators like the Relative Strength Index (RSI) and the MACD continue rising. Quant price is attempting to move above the key resistance level at $119.55, a move that will invalidate the forming double-top patter, whose neckline is at $103.25. A double-top is one of the most bearish chart patterns in technical analysis. QNT token has also moved above the 50% Fibonacci Retracement level. Therefore, moving above that level will point to more gains, potentially to the psychological point at $150. A move below the support at $103.25 will invalidate the bullish outlook. Read more: Ethereum price prediction: 4 charts that point to a surge to $4k Bonk price technical analysis Bonk price chart | Source: TradingView The Bonk token price has crashed in the past few weeks, moving from a high of $0.00002575 in May to $0.00001554 today. This retreat happened after the token formed a double-top pattern at $0.00002575. It has now moved below the neckline point at $0.00001830. Bonk price has also plunged below the 50-day and 100-day EMAs, which have formed a mini death cross pattern. It has also formed a small bearish flag pattern, a common continuation sign. Therefore, the token will likely continue falling as sellers target the key psychological point at $0.000010. The bearish outlook will become invalid if the Bonk price rises above the key resistance level at $0.00001830. Hedera price analysis HBAR price chart | Source: TradingView Hedera Hashgraph’s HBAR token has been in a strong downtrend in the past few months, moving from a high of $0.40 in January to $0.1687 today. This plunge coincided with the ongoing decline in the supply of stablecoins on its network, a sign that activity is falling. The supply has dropped to $80 million from $180 million earlier last month. HBAR price remains below the descending trendline that connects the highest swings since January. It has also remained below the 50-day and 100-day EMA and the support at $0.1705. Hedera Hashgraph price will likely continue falling, with the next target being at $0.1250, its lowest point on April 7. A move above the resistance at $0.1895 will invalidate the bearish view. Read more: Circle stock price prediction: is CRCL a good buy today? The post Top crypto price predictions: Quant, Bonk, Hedera Hashgraph appeared first on Invezz

Source: Invezz