Quant's Price Action: A Crucial Test at $89

Quant's price action has been closely watched by investors, with the token facing critical resistance levels that could determine its next move. Despite strong support from both retail and smart money investors, key resistance levels and a decline in address activity suggest potential challenges ahead. At press time, Quant (QNT) was trading at $89.21, marking a 1.33% decline over the past 24 hours.

Quant's price chart reveals a significant technical pattern. The asset has recently broken below its demand zone and is now testing key support around $89. If this support level fails to hold, the price may drop toward $72.65. However, if QNT rebounds from this zone, it could push toward $101.8, where it faces considerable resistance. With a potential pennant flag breakdown in play, investors must remain vigilant about the possibility of a bearish trend if support levels are not maintained.

The "In/Out of the Money" chart indicates that 61.65% of QNT holders were profitable at press time. However, 33.59% of addresses are "Out of the Money," with significant resistance levels between $95.39 and $106.08. This disparity highlights the challenges QNT faces in overcoming these price barriers. If these resistance levels are not broken, the market could experience a reversal as holders look to lock in profits.

Address activity has shown signs of decline, with new addresses dropping by 27.05% in the past week and active addresses decreasing by 11.67%. This reduction in interest could limit the potential for QNT to push higher, as it suggests that fresh capital is not flowing into the token. With declining participation from both new and active addresses, QNT may face a more challenging path to recovery.

The Network Value to Transaction (NVT) ratio has surged to an all-time high of 1123.47. This signals a disconnect between Quant's network value and its actual transaction volume. A rising NVT ratio is often indicative of an overvalued market, as the price increases without a corresponding rise in transactions. This sharp increase in the NVT ratio raises concerns that QNT may be overbought, and a correction could be imminent.

Quant's market outlook is at a crossroads, with resistance levels, declining address