Quant (QNT) has shown a notable recovery in recent trading sessions, with the price currently hovering around $84.40. After a period of sideways consolidation near the $70–$75 range, QNT has broken above its short-term resistance, signaling renewed bullish momentum.
In the past 24 hours, QNT traded between an intraday low of $72.22 and a high of $86.42, reflecting over a 19% increase in value. Right now, QNT stands in the 68th place with a market cap of $1.01 billion, as per CMC data.
Technical Indicators Signal Improving Price Structure
On the daily chart, the 9-day EMA (around $76.06) has crossed above the 21-day SMA (around $75.68), indicating a short-term bullish shift. This crossover suggests that buyers are gradually taking control, and the recent QNT price spike above these averages reinforces this trend.
Looking at the Relative Strength Index (RSI), QNT currently sits at 62.47, climbing from the neutral zone. While this is not yet in the overbought territory, it reflects growing buying interest and momentum. Traders should watch this closely, as further gains could push RSI into overbought levels, which may slow the rally temporarily.
The MACD indicator supports the bullish scenario as well. The MACD line has crossed above the signal line and moved into positive territory, showing strengthening upward momentum. The histogram bars are also increasing, which adds confidence to the ongoing bullish trend.
Zooming in, the Bull Bear Power Trend (BBPT) indicator shows a notable improvement. The bearish pressure, represented by the red area, has weakened significantly, while bullish pressure has begun to stabilize. This shift suggests sellers are losing dominance and buyers are gradually regaining strength, aligning with the recent price breakout.
From a price pattern perspective, QNT appears to be emerging from a prolonged consolidation phase, forming higher lows over the past few weeks. This pattern often precedes a breakout when combined with strengthening momentum indicators, as seen in both RSI and MACD.
In summary, QNT is currently showing strong signs of a bullish reversal after a period of consolidation. Then, the $84–$86 range now has turned to be potential resistance and the short-term moving averages near $76 stand as support.
