As of press time, Quant (QNT) is up 4.91% in 24 hours and 24.14% over the past week. These were impressive numbers for the mid-sized altcoin, especially compared to Bitcoin (BTC). The leading crypto lost 2.64% over the past week and was hovering around the $70,000 level.
In the coming days and weeks, BTC could rise further to $80,000. This could allow altcoins to climb higher, but only a few altcoins have already shown strength.
Quant could be part of it. It has a downtrend over a longer time frame, but has reacted positively in the long-term demand zone between $55 and $60. In March, QNT rebounded quickly from $60.92 to $80.72, an increase of 32.5% in two weeks.
Quant is likely to bounce towards the high of the value zone
The weekly chart shows a long-term bullish swing structure but a bearish internal structure. Even after March’s strong gains, the local high of $88.3 remained unbroken.
The visible range value zone was between $60 and $105, with the checkpoint at $67. This means that the high volume node moved into bullish control, which was encouraging for the bulls. However, they still had a long way to go before they could maintain their momentum.
Since April 2025, QNT has been stuck between $58.60 and $135.58. The $88, $105, and $135 levels were the next key resistances that QNT needed to overcome in the north.
The OBV has not been in an upward trend lately and the RSI has remained below the neutral level 50. The structure and technical indicators have remained bearish on the weekly time frame.
QNT is in a decisive region
On the daily chart, the swing structure was bearish. This January and February decline was used to plot a set of Fibonacci retracement levels (orange). The $75.04 and $80.87 levels were the levels that outlined the golden pocket within the retracement.
If the bears wanted to take control, they would likely do so at this price range. However, this has not happened so far.
Swing traders looking to go long should therefore wait, while those looking to sell QNT can do so and profit. It is unclear where the next step will take place.
A daily session closing above $88 would be a strong sign of bullish continuation. Meanwhile, a rejection from $80 and a subsequent fall below $75 would be a sign of a resumption of a downtrend.
Final summary
- QNT traders already in a long position may look to take profits when the price enters the $80-$88 resistance zone.
- Swing traders can wait until $75 or $88 is breached to decide their next directional bias.
