Market Overview: Quant (QNTUSDT) 24-Hour Technical Summary

Quant (QNTUSDT) opened at $126.72 on July 27 at 12:00 ET and closed at $131.57 on July 28 at 12:00 ET, reaching a high of $131.83 and a low of $126.72 over the 24-hour period. Total volume was 8,221.115 and notional turnover was $1,069,829.50.

Summary

• Price surged above $130 after a consolidation phase, breaking key resistance.
• Strong bullish momentum emerged, with RSI reaching overbought territory.
• Volume increased significantly in the final 4 hours, confirming the breakout.
• A bullish engulfing pattern formed at $130–$131.83, signaling potential continuation.
• Volatility expanded as price moved outside upper Bollinger Band.

Structure & Formations

Quant displayed a clear bullish breakout on the 15-minute chart, with a strong wave of buying pressure pushing the price above the $130 psychological level. A bullish engulfing pattern formed between $129.8 and $131.83, indicating a potential continuation of the uptrend. Key support levels were identified around $127.62 and $126.95, while resistance levels were confirmed at $128.44 and $130.66. A 61.8% Fibonacci retracement level from the $126.72 to $128.44 swing came in at $127.48, which was briefly tested before the breakout.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in bullish alignment, with price closing above both. The 20SMA was at $128.45 and the 50SMA at $128.02, both acting as dynamic support. On the daily chart, the 50, 100, and 200-period moving averages were all trending upwards, reinforcing the broader bullish bias.

MACD & RSI

The MACD line crossed above the signal line in the early hours of the morning, signaling a bullish crossover. The histogram expanded as buying pressure increased, particularly in the final 4 hours of the 24-hour period. The RSI reached overbought territory near 72, suggesting that the rally may consolidate or retrace in the near term. However, the divergence between RSI and price was not significant, indicating the move is still supported by momentum.

Bollinger Bands

Volatility expanded as the price moved outside the upper Bollinger Band, reaching as high as $131.83. This suggests increased buying interest and a possible continuation of the trend. The bands were relatively wide, indicating a period of active price discovery. The closing price of $131.57 sits just below the upper band, indicating that the bullish move is still intact.

Volume & Turnover

Volume spiked in the final 4 hours of the 24-hour period, particularly between 22:00 and 00:00 ET, coinciding with the breakout above $130. The total volume of 8,221.115 was concentrated in the higher price range, confirming the strength of the move. Notional turnover increased from $64,000 to over $130,000 in the final hours, aligning with the price action. The volume profile and price action were in strong agreement, suggesting the move is driven by genuine buying pressure rather than retail hype.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level from the $126.72 to $128.44 swing came in at $127.48 and was briefly tested before the breakout. On the daily chart, a larger swing from a recent low to a high showed a 61.8% retracement level that aligned with current price levels, reinforcing the significance of the $130–$131.83 range. These levels are likely to be watched closely in the coming days for potential pullbacks or further breakouts.

Quant appears to have momentum on its side, and the breakout above key resistance levels suggests a possible continuation of the bullish trend. However, with RSI in overbought territory and Bollinger Bands stretched, a short-term pullback or consolidation phase should be expected. Investors may want to monitor volume and price action closely for signs of follow-through buying or fading momentum in the next 24 hours.