Quant (QNT) has been capturing attention in the cryptocurrency space with its recent bullish breakout, but its future price trajectory is closely tied to an important technical level. As of now, QNT is trading at $141.98, having experienced a slight decline of 6.08%. After breaking out of a descending wedge pattern, QNT is retesting the crucial resistance level of $139. This moment is vital, as the altcoin’s next movement hinges on whether it can maintain this level of support. Successfully holding above $139 could potentially unlock higher price targets, sending QNT into an upward rally throughout 2025.

Technical Analysis: A Crucial Retest of $139

QNT’s breakout from a long-term descending wedge has fueled optimism among traders, as descending wedges are commonly seen as a sign of bullish reversals. However, the current price action is facing a critical test at the $139 resistance level. For QNT to maintain its bullish momentum, it must remain above this level. If the token successfully holds this support, it could trigger further upward movement and solidify the breakout, setting the stage for price targets well beyond its current position.

In terms of technical indicators, QNT shows a mixed outlook. The MACD reading of -0.39 signals some bearish pressure, yet this is gradually decreasing, indicating that selling pressure may be weakening. On the other hand, the Stochastic RSI reading of 97.50 points to overbought conditions, which often suggests a strong buying momentum in the market. Overall, these indicators suggest that QNT has the potential for continued upside, provided it holds firm at $139.

On-Chain Metrics: Positive Signals for QNT

QNT’s on-chain data is also providing positive signs that support the altcoin’s bullish outlook. One key metric is net network growth, which has risen by 0.84%, indicating healthy expansion and an increase in user adoption. Additionally, large transactions have surged by 3.59%, signaling growing interest from whales and institutional investors. These movements suggest that QNT is seeing increased engagement from significant market players, further fueling optimism for its price potential.

Another noteworthy on-chain development is the decline in exchange reserves, which has dropped by 0.07%, leaving only 1.542 million QNT on exchanges. Lower exchange reserves generally mean less selling pressure, which can help support price growth. When large amounts of cryptocurrency are removed from exchanges, it often signals confidence in the asset’s future performance and a reluctance to sell, further hinting at upward momentum.

Market Sentiment: A Bullish Outlook

The market sentiment surrounding QNT continues to lean bullish. This is reflected in the 3.72% increase in Open Interest, which stands at $28.27 million. Open Interest refers to the total value of outstanding contracts, and an increase in this metric shows that traders are confident in QNT’s price direction. Additionally, both crowd sentiment and smart money indicators align in their optimism, suggesting that a favorable outlook for QNT’s price remains intact.

Future Prospects for QNT in 2025

Looking ahead, the next few weeks are crucial for QNT. If it manages to maintain the $139 support level, the token is poised for a sustained rally. With strong technical signals, positive on-chain data, and growing investor sentiment, QNT has a solid foundation for further price growth. While market volatility remains a factor, the outlook for QNT into 2025 looks promising, provided it can hold key support levels and continue building momentum.

In conclusion, QNT’s journey in 2025 will largely depend on its ability to solidify its position above $139. With strong technical and on-chain fundamentals, as well as bullish market sentiment, QNT has the potential to achieve significant gains if it can maintain this crucial support.