Quant (QNT) has been experiencing a significant upward trend, pushing its value closer to the $80 mark. This recent surge is largely attributed to a notable increase in demand from both institutional-level investors, often referred to as “whales,” and individual retail traders. Market observers are closely watching the $80 threshold, as a sustained breach of this resistance level could pave the way for further substantial gains, potentially propelling QNT towards the $100 psychological barrier.

The robust recovery in Quant’s price is underscored by compelling market data. Analytics from platforms monitoring cryptocurrency activity indicate a rise in the average size of orders executed in the leverage market, suggesting heightened involvement from large-wallet investors. Furthermore, a broader analysis of cumulative buy versus sell volumes over the past ninety days reveals a clear dominance of buying activity, reinforcing the prevailing bullish sentiment surrounding QNT. This renewed interest is also reflected in the futures market, where Quant’s Open Interest (OI) has steadily climbed to $17.61 million, up from $16.96 million at the beginning of May, now nearing its peak recorded in September last year.

From a technical perspective, Quant’s short-term trajectory appears strongly bullish. The digital asset has appreciated by approximately 7% in the last 24 hours, currently trading around $78. It has successfully maintained its position above the 200-day Exponential Moving Average (EMA), which sits near $77.52, a key indicator of long-term trend strength. Momentum indicators further support this positive outlook; the Moving Average Convergence Divergence (MACD) histogram is firmly in positive territory, with its signal line crossing above the zero line, signaling sustained upward pressure. The Relative Strength Index (RSI) is also hovering around 64, indicating strong buying momentum, although it approaches levels that could suggest it is becoming overbought.

Should the current upward momentum persist, a definitive close above the descending trendline break level, approximately $77.89, would confirm a significant breakout from a broader consolidation pattern observed on daily charts. Such a confirmation could trigger a rally towards the next resistance at the $88.30 swing high, with an ambitious target of $101.14, corresponding to the 127.2% Fibonacci extension level. Conversely, if market sentiment shifts and selling pressure increases, Quant would likely find initial support at the 50-day EMA near $72.03. Deeper corrections could see the price test the 50% retracement level around $68.79, followed by further support near the former rising trendline at $67.86, and the 38.2% retracement level around $66.86.