Quant (QNT), the blockchain technology token, has been making headlines lately with a major breakout from a long-term downtrend. As its price surges by over 15% in just a single day, many market observers are asking: Can QNT continue its bullish momentum and push toward the $135–$140 price range? Here’s a breakdown of the latest developments and what to expect next.

A Major Breakout: QNT Surges 15.29%

As of February 27, 2025, QNT was trading at $106.15, marking an impressive 15.29% increase in just one day. Over the past week, the token has gained 10.65%, showing strong growth in a short period of time. With a circulating supply of 15 million QNT and a market cap of $1.50 billion, the digital asset is attracting increasing attention from traders and investors alike.

What’s most notable is that QNT has recently broken free from a long-standing downtrend that had been in place since December 2023. This breakout signals a shift in market sentiment, with bulls now pushing the price toward higher resistance levels.

Key Price Levels and What’s Next for QNT

Following the breakout, QNT is now targeting the $135–$140 price range, which represents a key resistance zone. This level has historically been significant, making it a crucial area to watch in the coming days. If the buying momentum continues, QNT could potentially test these levels, signaling a new bullish trend.

On the downside, if the token struggles to hold above the breakout zone, the previous resistance at $95–$100 could act as key support. If QNT manages to hold above this level, it would confirm the breakout’s strength. However, if the price dips below this support zone, further consolidation might occur before another move higher.

Strengthening Bullish Indicators: What the Charts Say

Technical analysis suggests that QNT’s bullish momentum is gaining strength. The Relative Strength Index (RSI), a key technical indicator, is currently sitting at 59.68. While it’s not yet in the overbought zone, it’s approaching the threshold that could signal a further move upward. If the RSI crosses above 70, this could indicate overbought conditions, possibly leading to a short-term pullback.

The Moving Average Convergence Divergence (MACD) indicator also paints a positive picture. The MACD line has crossed above the signal line, forming a bullish crossover. Additionally, the MACD histogram has turned positive, reflecting an increase in buying pressure. This suggests that QNT could maintain its upward trajectory, as long as these bullish signals continue to play out.

Rising Open Interest and Spot Activity

Another important factor to consider is the rise in QNT’s Open Interest (OI). Open Interest, which measures the total value of open futures contracts, has surged by 23.98% to $13.47 million, according to Coinglass data. This jump in OI suggests that more traders are becoming involved in QNT futures, indicating a growing sense of confidence in the token’s price momentum. Historically, OI spikes above $30 million have been associated with higher price volatility, so a continued rise in OI could signal further price movements.

In addition to the increase in Open Interest, QNT’s spot market activity has also been strong. On February 26, 2025, spot netflow surged to $2.35 million, indicating a significant inflow of QNT into exchanges. This could point to potential selling pressure, as traders prepare to offload their holdings. However, if market demand continues to absorb this influx of tokens, QNT could maintain its bullish trend.

Can QNT Sustain Its Bullish Run?

With growing Open Interest, rising trading volume, and increasingly bullish technical indicators, QNT appears to be in a strong position for further gains. If the upward momentum continues, a move toward the $135–$140 resistance zone seems increasingly likely. However, market participants will closely monitor volume trends, RSI levels, and overall price action to determine whether QNT can maintain its bullish trajectory or if it will enter a period of consolidation.

The cryptocurrency market is notoriously volatile, and while bullish momentum is certainly present, traders and investors should remain cautious of sudden price corrections. As QNT approaches these key resistance levels, the next few days will be critical in determining whether this breakout is sustainable or if a reversal is on the horizon.

Conclusion: A Crucial Test for QNT

In summary, Quant (QNT) is showing impressive bullish momentum as it breaks through long-term resistance levels. The token has surged by over 15% in a single day and is now eyeing the $135–$140 price range. Key technical indicators, such as the RSI and MACD, suggest that QNT could continue its upward movement in the short term. However, the token’s ability to hold above critical support levels and manage rising trader participation will be key factors in determining if this rally is sustainable.