Quantum Resistant Ledger (QRL) is currently trading at $2.09, reflecting a significant decline of 14.66% over the last 24 hours. The price fluctuation between the daily high of $2.44 and low of $2.07 indicates increased volatility and market uncertainty, with a daily range of just 0.37%.

Trading volume stands at approximately 1,191,778, representing a volume to market cap ratio of 0.73%, suggesting low market interest in QRL compared to its total valuation. Short-term moving averages reveal a bearish trend, with the 8 SMA at $2.08 and the 13 SMA at $2.09 showing marginal gains, while longer-term SMAs indicate a downward pressure, particularly with the 55 SMA at $2.36 and 144 SMA at $2.30.

The 1-hour RSI is currently at 39, indicating that QRL may be approaching oversold conditions, while the 7-day RSI at 51 suggests a neutral market sentiment. However, the 14-day price change of -26.76% and 30-day change of -20.88% point to a broader bearish trend, with the asset struggling to maintain upward momentum.

Historically, QRL reached an all-time high of $3.87 on January 9, 2018, indicating a significant gap from the current price. The recent price action and indicators suggest that while there may be short-term opportunities for a rebound, the overall trend remains negative.

Given the technical indicators and recent price action, I recommend a Hold rating for QRL at this time. The asset is showing signs of potential oversold conditions, but the persistent downtrend and lack of strong buying volume warrant caution before any bullish positioning.