QNT's rally isn’t done yet — strong support and rising activity hint at a potential move to $200 | Credit: Hameem Sarwar
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Key Takeaways
QNT’s breakout follows a bullish bounce from $90 to $131, supported by a jump in active addresses.
The QNT Support around $120 is strong, while the resistance between $137 and $156 appears weaker.
If network activity grows and resistance levels are cleared, QNT’s price could rally toward $200.
The price of Quant (QNT) has climbed 40% within the past 30 days and has reached a new yearly high. This development comes amid a broader altcoin rally, which has sent the total crypto market cap above $4 trillion.
But it is not just that. Following its recent surge, the Quant price appears unprepared to give up its gains.
Instead, this thorough on-chain analysis and technical indicators reveal that QNT looks ready to break higher. Here are the key levels to watch and the potential price targets QNT could reach if this breakout materializes.
Rising Use, Rising Value
As of this writing, Quant’s price is $131.54, up 40% from $90.52, which it traded at about one month ago. According to CCN, QNT surged this high due to rising demand for the cryptocurrency.
Beyond the rise in capital inflows, on-chain data from Santiment also reveals a spike in active addresses. Active addresses refer to unique wallet addresses that actively send or receive transactions over a given period.
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Therefore, the hike in QNT’s active addresses indicates increased adoption. From a price perspective, should the metric and QNT’s market value continue to rise, the convergence could indicate strength for the uptrend.
As such, Quant’s price could break above key resistance levels and trade higher.
Furthermore, the In/Out of the Money Around Price (IOMAP) metric highlights a strong support zone for Quant (QNT) between $117.65 and $121.71.
Within this range, approximately 18,720 addresses purchased around 989,840 QNT tokens and are currently on unrealized profits.
This level of profitability creates a solid cushion of buying interest, as holders in the green are typically less likely to sell during minor dips.
In contrast, the volume of unrealized losses — between $137.12 and $156.60 — is lower, suggesting that resistance in this upper band is relatively weaker.
QNT In/Out of Money Around Price | Credit: IntoTheBlock
This imbalance between profit-heavy support and thinner resistance indicates that QNT could have a more straightforward path to hit a higher value if bullish momentum persists.
QNT Price Prediction: No Reversal Yet
From a technical point of view, the daily chart shows that QNT’s price has risen above the resistance line since the bound from $90.41. The altcoin achieved this by breaking the partial rise previously invalidated at $126.96.
Amid this setup, the Awesome Oscillator (AO) on the QNT/USD chart has remained positive. The rise in the AO indicates bullish momentum around the token.
If this continues, Quant’s price might break above the resistance lines at $144.07 and $171.72. Once this happens, the cryptocurrency’s value might test $200.
However, traders might need to watch out for the on-chain outlook. If QNT’s price rises, but active addresses fall flat, it could be a divergence and a warning sign of a potential correction below $99.30 at the 0.618 golden ratio.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
