On March 10, 2025, Quant (QNT) experienced significant price fluctuations, rising over 6% to $82.4 after a breakout from a previous range-bound area. Despite this, bearish momentum is indicated by the MACD, which could lead to further declines if the asset fails to maintain upward Trends.
- QNT price spiked to $112 after breakout.
- Current price at $82.4 shows reversal.
- Increasing transactions indicate potential demand.
- Bearish sentiment from crowd and smart money.
- Price recovery depends on transaction dynamics.
- Optimism could trigger a price rally.
Quant (QNT) has shown active price action recently, with a notable spike to $112 following a breakout. Currently, it is trading within a downtrend channel, and if it can breach the resistance, it may test higher levels around $90. However, if the bearish momentum persists, a retest of recent lows at $74 is possible.
The number of transactions on the QNT network has increased, reaching a peak of 1.64k, despite a decrease in price to $82.37. This decoupling suggests a growing investor interest, which could indicate underlying strength or speculative behavior. An increase in transactions during a price drop may lead to stabilization or a reversal if it reflects accumulation by investors.
Current market sentiment for QNT is mildly bearish, with crowd sentiment at -0.07 and smart money sentiment at -0.16. This indicates caution among investors, which may hinder any bullish trends unless sentiment improves. If optimism returns, it could trigger a rally, prompting both retail and informed investors to increase their positions.
In summary, while QNT has shown potential for recovery, bearish indicators and sentiment may limit upward movement. The increase in transactions could provide a foundation for future price stabilization, but the market remains cautious as traders assess the evolving situation.
