Quant (QNT) has been on a turbulent ride, rallying to $112 after a breakout but quickly reversing into a downtrend channel. At press time, the price sits at $82.4, a modest 6% recovery over the past 24 hours. However, the broader trend remains bearish, leaving traders wondering if the next leg down will send QNT to $74, a critical support zone.

While on-chain activity has increased, technical indicators suggest that momentum is still weak. The coming days will be crucial in determining whether QNT can break out of its descending channel or extend its decline further.

Technical Indicators Signal Weakness

1. MACD Hints at a Bearish Continuation

The MACD (Moving Average Convergence Divergence) is deep in negative territory, with histogram values at -1.5 and -2.2. This indicates that selling pressure outweighs buying interest, making a full recovery difficult without a significant shift in sentiment.

2. Descending Channel Keeps Bulls in Check

Despite QNT’s recent 6% rebound, the price remains locked in a downward trend, meaning each rally could be short-lived unless buyers break past key resistance levels.

For QNT to flip bullish, it needs to break out above $90, a level that has previously acted as strong resistance. Failing to do so could lead to another leg down, testing $74 as the next major support.

3. Rising Transactions but Unclear Accumulation

An interesting on-chain metric to note is the rise in transaction volume despite QNT’s price decline. Data shows that the number of transactions hit 1.64K, which could suggest one of two things:

• Bullish Scenario: Long-term investors are accumulating QNT at lower prices, expecting a reversal.
• Bearish Scenario: Holders are selling their assets, increasing trading activity but reinforcing the downtrend.

If this transaction spike represents distribution rather than accumulation, the price could face further pressure, reinforcing the possibility of a drop to $74.

Market Sentiment Remains Bearish

Beyond technical analysis, market sentiment also leans negative. Data from Market Prophit reveals that:

• Crowd sentiment sits at -0.07, signaling mild bearishness.
• Smart money sentiment is even lower at -0.16, indicating caution from more experienced investors.

This suggests that large investors and retail traders are hesitant to buy in, potentially limiting QNT’s ability to stage a strong recovery in the near term.

Key Levels to Watch

• Resistance: $90 – QNT must break this level for bullish momentum to return.
• Support: $80 – The first level bulls must defend to avoid deeper losses.
• Bearish Target: $74 – If the downtrend continues, this level will be tested next.

Will QNT Recover, or Is a Drop to $74 Unavoidable?

At this stage, QNT remains vulnerable to further declines. The technical indicators, on-chain data, and sentiment metrics all point to continued uncertainty, meaning that a move toward $74 is still a strong possibility unless a major shift in demand occurs.

For a recovery to gain traction, QNT needs to break above $90 and attract fresh buying interest. Until then, traders should remain cautious, as any bounce could be short-lived if bearish momentum persists.

What’s Next for Quant?

The coming weeks will be crucial for QNT’s price action, as investors closely watch whether bulls can regain control or if the downtrend will persist. If sentiment improves and accumulation strengthens, QNT could attempt to break out of its descending channel, paving the way for a move toward $100 and beyond. However, if bearish pressure continues to dominate, the likelihood of a drop to $74 increases, potentially triggering further sell-offs. For now, traders should monitor volume trends, sentiment shifts, and key resistance levels to gauge the next major move.