Quant [QNT] Breaks Out: Bullish Momentum Pushes Toward $135-$140

Quant [QNT] has recently broken out of a long-term downtrend, signaling a potential rally toward the $135–$140 price range. At the time of writing, QNT was trading at $106.15, marking a 15.29% daily increase and a 10.65% rise over the past week. With a circulating supply of 15 million QNT, the token holds a market capitalization of $1.50 billion.

Key levels and price action indicate a clear breakout from a descending trendline that had been in place since December 2023. This breakout signals a shift in market sentiment, as buyers push QNT toward higher resistance levels. The next resistance zone lies between $135 and $140, a historically significant level. If buying momentum continues, QNT could test these levels in the coming days. On the downside, if QNT fails to hold above the breakout zone, the previous resistance at $95–$100 will act as key support.

Technical indicators suggest that QNT’s bullish momentum is gaining traction. The Relative Strength Index (RSI) was at 59.68, nearing bullish territory but not yet in the overbought zone. If RSI moves above 70, it could indicate resistance, potentially leading to a short-term pullback. The MACD line at 1.56 has crossed above the signal line at -0.08, forming a bullish crossover. Additionally, the MACD histogram turned positive, reflecting increasing buying pressure. If this trend continues, QNT could maintain its upward trajectory, further confirming the breakout’s strength.

According to Coinglass data, QNT’s Open Interest surged 23.98% to $13.47M, indicating rising trader participation. Historical data suggests that OI spikes above $30M in December and April led to higher price volatility. If Open Interest continues to rise, QNT could see further price movement, potentially testing higher resistance levels. Additionally, QNT spot netflow surged to $2.35M on the 26th of February, reflecting a strong inflow of assets into exchanges. This could indicate potential selling pressure, as traders may be preparing to offload holdings. However, if market demand absorbs the