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QNT/USD traded above $170

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The quantitative price forecast shows that QNT is up 2.55% in the last 24 hours as it crosses the channel.

QNT forecast statistics data:

  • QNT Price Now – $164.85
  • QNT market capitalization – $1.9 billion
  • QNT Rolling Supply – 12 Million
  • Total supply of QNT – 14.6 million
  • QNT Coinmarketcap Ranking – No. 31

QNT/USD Market

Main levels:

Resistance Levels: $200, $210, $220

Support Levels: $140, $130, $120

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QNT/USD is trading above the $160 resistance as the coin heads to the upside. It may be possible that once the coin crosses above the upper boundary of the channel, it is more likely to break higher. However, if the Quantitative price It slips below the 9-day and 21-day moving averages, and traders can expect the market price to break below that, and this could likely reach the critical support levels of $140, $130 and $120.

Quantitative Price Prediction: QNT may follow the upward movement

According to the daily chart, the Quantitative price It is hovering around $164.85 with a strong bullish move above the moving averages. However, in case the bulls exert more pressure, QNT price may breach the upper boundary of the channel to reach the $200, $210 and $220 resistance levels.

However, the technical indicator’s RSI (14) is in an uptrend as the signal line is moving within the overbought territory. More so, the bulls may be in focus if greater divergence to the upside is observed within the market.

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Against Bitcoin, QNT price is also trading bullishly above the 9-day and 21-day moving averages. However, QNT/BTC is now moving around the upper boundary of the channel as buyers dominate the market. From above, if the bulls manage to push the coin above the upper boundary of the channel, then traders might expect an initial resistance at 9000 SAT.

QNTBTC – Daily Chart

Therefore, any further upward movement may reach higher resistance at 10,000 SAT and above. Alternatively, if sellers bring the market below the moving averages, QNT/BTC could hit critical support at 7000 SAT and below. Meanwhile, the RSI (14) is still within the overbought zone to continue the upward movement.

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Blockchain

ETH/USD could reach the $1,200 support

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The Ethereum price prediction shows that ETH could be searching for a new low as the market price heads south.

Ethereum prediction stats data:

  • Ethereum price now – $1,229.55
  • Ethereum market cap – $150.7 billion
  • The circulating supply of Ethereum – 122.3 million
  • Total supply of Ethereum – 122.3 million
  • Ethereum Coinmarketcap Ranking – #2

ETH/USD market

Key levels:

Resistance levels: $1,700, $1,800, $1,900

Support Levels: $950, $850, $750

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Looking at the daily chart, ETH/USD It has been moving sideways for the past few days. Ethereum price is likely to create more bearish trends if it touches the $1,200 support. However, touching this support level could cause the second largest cryptocurrency to correct higher, but it is more likely to consolidate inside the channel before heading north.

Ethereum Price Prediction: What to Expect from Ethereum (ETH)

As can be seen from the daily chart, the Ethereum price It is likely to break below the daily low at $1,200 for more bearishness. Meanwhile, Ethereum price is currently hovering at $1229, in case it rises towards the lower boundary of the channel, the critical support levels at $950, $850, and $750 might be tested, and the technical indicator RSI (14) could remain below. 40 levels.

Conversely, ETH/USD could face the upper boundary of the channel or decline towards the $1,200 support. On the upside, the next major resistance is near the $1,500 level. But, the market price must reach the resistance levels at $1700, $1800, and $1900 to return to the positive zone. If not, there is a risk of more downsides down the channel.

When compared to Bitcoin, the daily chart shows that the price of Ethereum is between the 9-day and 21-day moving averages. If the price surpasses the 7500 SAT resistance level, then there is a possibility that additional benefits could be gained in the long run as the next resistance is near the 8000 SAT level. Therefore, if the price of the coin rises, it may break the potential resistance level of 9000 SAT and above.

ETHBTC – daily chart

Moreover, if the sellers bring the price below the 21-day moving average and head towards the lower boundary of the channel, the 7000 SAT support could be triggered before moving to the crucial support at 6000 SAT and below. The RSI (14) is moving to cross below the 50 level, which indicates a downward movement.

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Blockchain

Ankr posts $15 million to make users full as Helio stablecoin recovers after exploit

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Stablecoin Helio Protocol, which issues the HAY stablecoin pegged to the US dollar, He said In a Dec. 7 tweet, she said she had bought back $3 million worth of bad debt in HAY so far on the open market. The previous day, the blockchain infrastructure platform Ankr advertiser It will set aside $15 million to buy back bad debts generated from its recent exploitation and the resulting increase in HAY’s trading.

A series of seemingly unrelated incidents occurred on December 2 when a hacker tampered with vulnerabilities in Ankr’s smart contract code and compromised private keys following a technology upgrade. As a result, the hacker mined 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), which was tied to BNB (BNB), and dumped them, with the aBNBc price dropping to less than $2 from about $300.

However, one trader then took advantage of the alleged hard-to-coding of pegged prices between aBNBc and BNB on the Helio protocol. The trader bought 183,885 aBNBc with just 10 BNB and used it as collateral to borrow 16 million HAY, which was then exchanged for 15.5 million USD (BUSD), Achieving a profit of 5,209 times from their original capital.

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After the exploit, HAY lost its peg and fell as low as $0.20 per coin before recouping most of its losses to trade at $0.96 at press time. Immediately after the incident, the Helio team stated that it would buy back the excess HAY and send it to the copy address. Originally, users were able to mint HAY by depositing BNB as collateral of 152%. The total value of the protocol was about $90 million before the accident.