This 2021 QANplatform (QARK) Technical Analysis is based on the study of technical indicators. Below, we have outlined the key factors that contributed to our QARK price analysis.
QANplatform aims to create a quantum-proof, energy-efficient, and fast platform that depends on a new protocol, the Proof-of randomness (PoR). Moreover, users can develop smart contracts in major programming languages. More so, QANplatform claims that its framework offers a fully quantum-resistant stack of security.
QARK Current Market Position
According to CoinGecko, QARK is at $0.25 with a 24-hour trading volume of over $66, at the time of writing this QARK technical analysis. This means, the price of QARK has decreased by 1.74% in the last 24-hours
QARK token has a current circulating supply of 19,057,960.00 QARK. For those interested in buying the token, QARK can be purchased and sold on BitBay, and Vindax.
QARK Technical Analysis 2021
Currently, QARK holds 1198th place on CoinGecko in terms of market capitalization. Do you think the latest upgrades, changes, and developments in the QARK blockchain can help the crypto’s price to reach higher? Now let’s proceed to the chart in this QARK price prediction article.
The above chart shows the higher highs and higher lows pattern. Higher highs and higher lows represents that an uptrend is taking place with the overall increase in the value of the token. As shown above, at the beginning of this period, QARK shifted from a bearish to bullish trend. This is a result of the huge trading volume that happened in that period.
When it comes to Moving Average Convergence/Divergence (MACD), the MACD stands just below the signal indicator making a bearish crossover. This represents that traders and investors may expect bearish days ahead. However, if the MACD points towards an upward direction, then we may expect more bullish days ahead.
Furthermore, the Relative Strength Index (RSI) is at level 45, this shows that QARK is neither oversold nor overbought. As a result, traders can trade with confidence without worrying about any major price reversal.
The chart below indicates the 50-day Moving Average and 30-day Exponential Moving Average of QARK.
Notably, the signal stays above the 50-day MA, this indicates overall uptrend. In contrast, if the signal indicator drops below the 50-day MA, the market represents an overall downtrend.
Since the start of 2021, QARK’s price has seen more bullish moves which are greater than the previous one. More so, these are followed by fluctuations, consolidations, and corrections right away. Taking this into account, QARK has a competitive market in 2021.
Conclusion
QARK 2021 technical analysis shows that the cryptocurrency has a fantastic future ahead in 2021. Also, the project looks promising as it has high aims, a use case, and clear goals that target a broad market.
Bullish QARK price prediction 2021 is $1. QARK could also reach a new all-time high price if investors have decided that QARK is a good investment in 2021. Furthermore, together with growing adoption, positive price predictions, and a community composed of thousands of retailers, QARK is likely to be a good investment this year.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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Source: https://coinquora.com/qanplatform-qark-technical-analysis-2021/
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