Quant (QNT) Price Prediction: QNT Showing Promising Signs of a Bullish Breakout

Quant [QNT] is showing encouraging signs of recovery, with its price holding steady near key support levels despite a recent dip in momentum.

Quant (QNT) price showed signs of holding up well despite a recent dip in momentum, signaling potential bullish momentum.

At press time, QNT was trading at $104.17, down by 1.05%, in 24 hours and trading in a narrow range. The token was forming a double-bottom pattern at $102, signaling potential bullish momentum.

However, the critical challenge lies in breaking through the $121.44 resistance level to solidify a bullish trend.

QNT焼double-bottom formation on the 4-hour chart.source: TradingView

Double-bottom formation

The 4-hour chart highlighted a promising double-bottom formation at $102, indicating potential bullish momentum. This pattern often suggests a reversal in a downtrend, and Quant seems to be following this trajectory.

Breaking above the $121.44 resistance would confirm this reversal and open the path toward the next significant resistance level at $145.12.

However, failing to hold $102 could lead to prolonged consolidation, delaying any substantial price movement. Consequently, the $102 support zone is critical for the token’s short-term future.

The Parabolic SAR is already showing dots below the candlesticks, signaling that upward momentum is building. This indicator aligns with the potential for further price increases, particularly if QNT breaks resistance levels.

Additionally, the Relative Strength Index (RSI) stands at 46.94, reflecting subdued buying interest. However, this position leaves room for growth, and crossing the 50 level would confirm strengthening buyer confidence.

Together, these indicators suggest a bullish trend is developing.

A view of QNT’s network activity.source: IntoTheBlock

Network activity was rising, reflecting increased user interest and participation. Over the past seven days, active addresses grew by 38.28%, while new addresses surged by 29.50%.

This increase indicates greater engagement from both new and existing users, often translating to stronger price action. Consequently, growing participation reinforces optimism for QNT’s near-term potential.

The outflow transaction count surged by 43.33% over the past week, signaling reduced selling activity and growing accumulation.

This trend aligns with the increasing number of investors choosing to hold QNT rather than sell. Consequently, such behavior often precedes bullish momentum, as demand outweighs supply in the market.

The exchange reserve for QNT dropped to 1.3927M QNT.source: CryptoQuant

Exchange reserves decreasing

The exchange reserve for QNT decreased by 0.24% in the last 24 hours, dropping to 1.3927M QNT. This decline reflects increased withdrawals as investors move their tokens off exchanges for long-term holding.

Therefore, the falling reserve signals confidence in QNT’s future potential. Additionally, lower reserves often indicate reduced sell pressure, supporting the bullish case.