Quant (QNT) is nearing the $80 mark, driven by increased demand from both whale and retail investors. The cryptocurrency's bullish momentum is supported by heightened leverage-based activity, with a potential breakout above $80 paving the way for a rally towards $100. Recent data indicates a surge in QNT futures Open Interest to $17.61 million, reflecting strong investor interest.
Technical indicators show a positive outlook for QNT, with the cryptocurrency trading above the 200-day EMA and exhibiting strong bullish momentum. The MACD and RSI suggest continued upward movement, with a potential breakout from the current resistance trendline. If successful, QNT could target the $88.30 swing high and the 127.2% Fibonacci extension level at $101.14. However, if bearish trends emerge, initial support is expected near the 50-day EMA at $72.03.
Quant (QNT) Approaches $80 Amid Rising Demand, Eyes $100 Breakout
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