Cryptocurrencies Price Prediction: Quant, Bitcoin & Solana – European Wrap 28 May
Quant Price Forecast: QNT targets $143 as on-chain data signals bullish outlook
Quant (QNT) trades at $119, recording an 11% surge at press time on Wednesday, following the announcement of Quant Flow at EBAday in Paris on Tuesday. With the bull run, the majority of QNT holders are now profitable, and an optimistic technical outlook suggests a potential breakout from a high supply zone.
Bitcoin Price Forecast: BTC flashes early signs of weakness as profit-taking activity hits three-month high
Bitcoin (BTC) consolidates around $109,000 on Wednesday, following a mild correction the previous day. BTC’s on-chain data suggests weakness and indicates a potential correction, as profit-taking activity has reached a three-month high. Moreover, the Federal Open Market Committee (FOMC) Minutes from the May meeting, due to be released later on Wednesday, could trigger volatility in the largest cryptocurrency by market capitalization.
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Solana DeFi TVL, futures open interest remain elevated as SOL price consolidates
Solana’s (SOL) price is extending its consolidation between key support and resistance levels, currently hovering around $174 at the time of writing on Wednesday. Its higher lows pattern since the April 7 tariff-triggered crash to $95.55 has been supported by strong sentiment in the broader cryptocurrency market. The bullish outlook mirrors a persistent growth in SOL’s Decentralized Finance (DeFi) Total Value Locked (TVL) and elevated futures contracts Open Interest (OI).
Author
FXStreet Team
FXStreet
