Quant [QNT] has managed to break free from a prolonged downward trend, suggesting a potential surge towards the $135\u2013$140 range.<\/p>\n
Currently, QNT is priced at $106.15, showing a noteworthy 15.29% daily uptick and a 10.65% increase over the past week. With a circulating supply of 15 million QNT, its market capitalization stands at $1.50 billion.<\/p>\n
As of now, the price chart for Quant demonstrates a decisive breakout from a downtrend pattern that had persisted since December 2023.<\/p>\n
This breakout indicates a shift in market sentiment, as buyers propel QNT towards higher resistance levels.<\/p>\n
Having confirmed this breakout, the next hurdle lies within the $135 to $140 range, a level of historical significance. If buying momentum persists, QNT could test these levels shortly.<\/p>\n
Conversely, failing to sustain above the breakout zone might see the prior resistance at $95\u2013$100 stepping in as crucial support.<\/p>\n
Maintaining this threshold would validate the breakout, while a drop below could lead to further consolidation.<\/p>\n
Technical indicators point toward an acceleration in QNT\u2019s bullish momentum. The Relative Strength Index (RSI) is at 59.68, nearing bullish territory without entering the overbought region.<\/p>\n
A potential move of RSI above 70 could hint at resistance, foreshadowing a brief pullback.<\/p>\n
With the MACD line reaching 1.56 and crossing above the signal line at -0.08, a bullish crossover has formed. Moreover, the MACD histogram has turned positive, illustrating a surge in buying pressure.<\/p>\n
Should this trend persist, QNT may uphold its upward trend, further solidifying the breakout\u2019s strength.<\/p>\n
Coinglass data reveals a 23.98% surge in QNT\u2019s Open Interest, reaching $13.47M, indicating heightened trader involvement. Previous data hints that Open Interest spikes beyond $30M in December and April have led to increased price volatility.<\/p>\n
If the Open Interest continues to climb, QNT could witness further price shifts, potentially testing elevated resistance levels.<\/p>\n
In addition, QNT spot netflow surged to $2.35M on February 26th, showcasing a significant influx of assets into exchanges. This may indicate forthcoming selling pressure as traders prepare to offload their holdings.<\/p>\n
However, if market demand absorbs this inflow, QNT could sustain its bullish momentum and continue its upward stride.<\/p>\n
Backed by escalating Open Interest, rising trading volume, and bullish technical indicators, QNT seems well-positioned for further growth. With sustained momentum, a move towards the $135\u2013$140 resistance region appears probable.<\/p>\n
Traders will closely track volume patterns, RSI levels, and price movements to gauge whether QNT can uphold its upward trajectory or transition into a consolidation phase.<\/p>\n","protected":false},"excerpt":{"rendered":"
Quant [QNT] has managed to break free from a prolonged downward trend, suggesting a potential surge towards the $135\u2013$140 range. Currently, QNT is priced at $106.15, showing a noteworthy 15.29% daily uptick and a 10.65% increase over the past week. With a circulating supply of 15 million QNT, its market capitalization stands at $1.50 billion.<\/p>\n","protected":false},"author":1,"featured_media":41700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-41699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/comments?post=41699"}],"version-history":[{"count":2,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41699\/revisions"}],"predecessor-version":[{"id":41702,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41699\/revisions\/41702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media\/41700"}],"wp:attachment":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media?parent=41699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/categories?post=41699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/tags?post=41699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}