QNT breaking resistance. Holding or not?
Quant, the interoperability protocol, is on the run last weeks, +50% since September 7th.
Price has broken resistance on a nicely growing onchain activity, active addresses:
Trading volume, social volume and network growth are also supporting this run, no divergence with price:
And if we look at holders distribution, we might notice that retails holders seem to be the ones buying QNT:
A larger group of holders, QNT millionaires, holding from up to $1M worth of Quant, doing opposite, they are offloading:
So, if 'smart money' are exiting on a strong uptrend, then it's probably either not that 'smart money' or not that strong uptrend. Your bet?
Thanks for reading!
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