In a world where the line between reality and fantasy blurs, the Quant (QNT) token has emerged as the phoenix from the ashes, soaring to heights unseen since the days of yore—December, to be precise. As crypto.news had foretold, the bull run has not only gained steam but has also defied the laws of gravity, much to the delight of those who read our tea leaves.
The QNT token, like a well-trained acrobat, leaped to a dizzying height of $132.23, a 127% rise from its nadir earlier this year. This meteoric ascent aligns perfectly with our predictions, as noted here and here. One can almost hear the applause of the crypto gods, or perhaps it was just the sound of whales slapping their tails in approval.
The Quant price surged as investors, with a sudden bout of trust issues, began withdrawing their tokens from exchanges and into self-custody wallets. According to CoinGlass data, exchange reserves plummeted to a mere 892,000, a stark contrast to the year-to-date high of 1.09 million. This exodus of tokens is a clear sign that investors expect the price to continue its upward trajectory, much like a well-rehearsed ballet dancer’s leap.
Among the investors buying the QNT token are the elusive whales, who have been quietly adding to their positions over the past few months. These titans of the crypto world, known for their insatiable appetite for profit, have once again shown their keen sense of timing and market acumen.
The Quant price has also been buoyed by the weighted funding rate remaining in the green, a surefire indicator that traders in the futures market are betting on higher prices in the future. The rising funding rate has coincided with an increase in open interest, which has reached its zenith since December. It’s as if the market itself is putting on a grand performance, complete with a standing ovation.
The Quant price has received a further boost from ongoing partnerships with Oracle and the European Central Bank, both of which are leveraging its Overledger solution. Overledger, the interoperability platform that connects multiple blockchains and traditional systems, is often hailed as a worthy rival to Chainlink’s (LINK) Cross-Chain Interoperability Protocol. It’s a tale of two platforms, each vying for the crown of blockchain connectivity.
Quant Price Technical Analysis
The daily chart reveals a narrative of resilience and ambition. The Quant price has rebounded in recent months, moving from a low of $59 in April to a majestic $133. This journey has formed a cup-and-handle pattern, a classic formation with a depth of 50%. The pattern, resembling a chalice fit for a king, consists of a rounded bottom and a handle, as if crafted by the hands of a master artisan.
Measuring the cup’s depth from its upper side, one arrives at a target price of $180, a 37% increase from the current level. To achieve this lofty goal, QNT price must conquer the formidable resistance at $171.5, the highest swing in November last year. Should the price dip below the support at $120, the bullish outlook would be as fleeting as a mirage in the desert.
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2025-07-22 17:13