Quant (QNT) Price Surges Past $80 as Short-Term Trend Shifts Positively

In the last 24 hours, QNT traded within a range, reaching an intraday low of $72.22 and peaking at $86.42. This represents a substantial increase of over 19% in its value. Currently, QNT holds the 68th position with a market capitalization of $1.01 billion, according to CoinMarketCap data.

Key Takeaways

QNT's Recent Performance: The coin experienced a significant price increase, trading between $72.22 and $86.42 in the past day.
Bullish Indicators: Multiple technical indicators signal a positive short-term trend for QNT.
Relative Strength Index (RSI): Currently at 62.47, indicating growing buying momentum, but not yet overbought.
MACD Support: The MACD line has crossed above the signal line, showing strong upward momentum.
Price Trends: QNT is moving out of a consolidation phase, with potential resistance identified in the $84-$86 range and support near $76.

Quant (QNT) Price Surges Past $80 as Short-Term Trend Shifts Positively

Technical Indicators Indicate a Strengthening Price Structure

Analyzing the daily chart, the 9-day Exponential Moving Average (EMA) has crossed above the 21-day Simple Moving Average (SMA), suggesting a bullish trend is emerging. This crossover indicates that buyers are starting to gain control, and the recent price increase above both averages reinforces this positive momentum.

Quant Technical Indicators
(Source: TradingView)

The Relative Strength Index (RSI) currently stands at 62.47, indicating a rise from the neutral territory. While this level is not yet in the overbought range, it does reflect increasing buying interest and momentum. Traders should monitor this closely, as continued gains could result in the RSI entering overbought territory, potentially slowing down the rally temporarily.

RSI Analysis
(Source: TradingView)

Further supporting the bullish outlook is the MACD indicator. The MACD line has moved above the signal line and entered positive territory, demonstrating growing upward momentum. Additionally, the increasing histogram bars reinforce the ongoing bullish trend.

Price Trajectory and Market Dynamics

Zooming in on the Bull Bear Power Trend (BBPT) indicator reveals marked improvement. The bearish pressure, symbolized by the red area, has significantly diminished, while bullish pressure is beginning to stabilize. This suggests that sellers are losing their grip, allowing buyers to slowly reclaim strength, which aligns with the recent price breakout.

From a price pattern standpoint, QNT seems to be breaking out of a prolonged consolidation phase by forming higher lows over the past few weeks. Typically, such patterns precede a breakout when combined with strengthening momentum indicators, as illustrated by both the RSI and MACD.

In conclusion, QNT is currently exhibiting strong signs of a bullish reversal following a period of consolidation. The $84–$86 range is shaping up to be a potential resistance area, while the short-term moving averages near $76 are acting as support.