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Technical Analysis: QNT, LUNA Lead Monday’s Crypto Rebound

Following a bearish start to the week, the crypto market rallied throughout the afternoon, with quant (QNT) and terra (LUNA) leading the gainers. Earlier losses in bitcoin and ethereum were also lessened, as the overall market was up 1.35% as of writing.
Biggest gainers
Cryptocurrency markets have been under considerable pressure from bears in the last week, however, this somewhat eased as some bulls returned on Monday.
Terra (LUNA) was one of these, and was up over 7% as of writing, hitting a high of $53.61 in the process.
Despite this, it was quant (QNT) that was today’s biggest gainer (thus far), climbing by as much as 13% on the day.
QNT/USD rose to an intraday high of $128.98 to start the week, after closing out yesterday’s session with a low of $105.45.

Today’s move saw QNT form an engulfing pattern, which wiped out the last four days of quant bears, as markets looked to move to resistance.
However, as QNT/USD moved closer to this resistance level of $138.30, some traders

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