Quant (QNTUSDT) Market Overview

• QNTUSDT surged 5.7% over 24 hours, breaking key resistance at $125.50 with strong volume.
• Momentum remains bullish with RSI near 60 and MACD in positive territory.
• Volatility increased with Bollinger Bands expanding as buying pressure intensified.
• A large bullish engulfing pattern formed after a 12-hour consolidation phase.
• Total turnover rose 35% amid sustained buying at daily highs above $127.

Quant (QNTUSDT) opened at $121.36 on July 26 at 12:00 ET, reached a high of $127.72, a low of $121.02, and closed at $127.62 on July 27 at 12:00 ET. Total volume was 25,232.15, and total turnover was $3,243,918.

Structure & Formations

The 24-hour chart shows a clear bullish breakout from a 12-hour consolidation range between $123.2 and $125.30, followed by a strong push above $127. A large bullish engulfing pattern formed around 07:45–08:00 ET, confirming renewed buying interest. Key support levels appear at $124.00 and $122.50, while resistance is now at $127.70 and potentially $128.50.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, with price staying well above both. On the daily chart, the 50-period MA is rising and aligning with the 100-period MA, suggesting a continuation of the bullish trend. Price is currently above all major moving averages, indicating a strong uptrend.

MACD & RSI

The MACD line crossed above the signal line in the morning, signaling a bullish crossover. The histogram is expanding in positive territory, indicating increasing momentum. The RSI stands at 59.3, suggesting moderate strength without overbought conditions yet. This suggests the rally may continue but could face profit-taking near 65–70.

Bollinger Bands

Bollinger Bands have widened significantly in the last 8 hours, indicating rising volatility. Price has moved from the lower band to near the upper band, suggesting strong conviction in the bullish move. If the upper band is tested above $127.72, a breakout could follow.

Volume & Turnover

Volume spiked in the early morning hours (05:00–07:00 ET) and again in the afternoon (14:00–16:00 ET), aligning with key price highs. Total notional turnover increased by 35% compared to the previous 24-hour period, confirming the strength of the rally. No major divergence between price and volume was observed, suggesting strong institutional or retail participation.

Fibonacci Retracements

On the 15-minute chart, the recent rally from $121.02 to $127.72 aligns with key Fibonacci levels. The 61.8% retracement is at $125.85 and was cleared with ease. The 78.6% retracement is at $126.64, which may act as a near-term resistance. On the daily chart, the 50% retracement level is now at $127.50, which could be a critical support/resistance level in the next 24 hours.

QNTUSDT appears to have entered a strong bullish phase, supported by rising volume and strong technical signals. Traders may watch for a test of the $127.70–$128.00 range, with a potential pullback to the 50-period MA as a buying opportunity. However, a sharp drop below $126.00 could trigger short-term profit-taking and volatility.