HomeGeneral NewsQuant enters crucial supply zone: Will QNT’s 24% weekly rally falter?

Quant enters crucial supply zone: Will QNT’s 24% weekly rally falter?

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At press time, Quant [QNT]  rallied 4.91% in 24 hours and was up by 24.14% over the past week. These were impressive numbers for the mid-cap altcoin, especially in comparison to Bitcoin [BTC]. The leading crypto has shed 2.64% over the past week and was oscillating about the $70k level.

In the coming days and weeks, BTC could make another push higher toward $80k. This could provide fuel for altcoins to climb higher, but only a few altcoins have already shown strength.

Quant could be one of them. It has a higher timeframe bearish trend but has reacted positively at the long-term demand zone at $55-$60. In March, QNT rebounded swiftly from $60.92 to $80.72, a 32.5% move in two weeks.

Quant is likely to rally to the Value Area High

QNT 1-week Chart
Source: QNT/USDT on TradingView

The weekly chart showed a long-term bullish swing structure but a bearish internal structure. Even after the strong gains in March, the local swing high at $88.3 remained unbroken.

The Visible Range’s Value Area was between $60 and $105, with the Point of Control at $67. That means the high-volume node shifted into bullish control, which was encouraging for bulls. However, they still had a long way to go before they could maintain their momentum.

Since April 2025, QNT has been stuck within the $58.60-$135.58 levels. The $88, $105, and $135 levels were the next key resistances to the north for QNT to overcome.

The OBV has not trended higher lately, and the RSI has remained below the neutral 50 level. The structure and technical indicators remained bearishly poised on the weekly timeframe.

QNT is at a make-or-break region

QNT 1-day Chart
Source: QNT/USDT on TradingView

On the 1-day chart, the swing structure was bearish. This drop in January and February was used to plot a set of Fibonacci retracement levels (orange). The $75.04 and $80.87 levels were the levels that demarcated the golden pocket within the retracement.

If the bears were going to take control, they were most likely to do it within this price range. Yet, it has not happened so far.

So swing traders looking to go long should wait, while those looking to sell QNT can do so and book profits. It is unclear where the next leg will go.

A daily session closing above $88 would be a strong sign of a bullish continuation. Meanwhile, rejection from $80 and a subsequent fall below $75 would be indicative of a bearish trend’s renewal.


Final Summary

  • QNT traders already in long positions can look to take profits as the price enters the $80-$88 resistance zone.
  • Swing traders can wait for $75 or $88 to be breached to decide their next directional bias.

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