Altcoins News
By Maheen Hernandez
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Quant (QNT), the blockchain technology token, has been making headlines lately with a major breakout from a long-term downtrend.
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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.
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What’s most notable is that QNT has recently broken free from a long-standing downtrend that had been in place since December 2023.
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Key Price Levels and What’s Next for QNT
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Following the breakout, QNT is now targeting the $135–$140 price range, which represents a key resistance zone.
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On the downside, if the token struggles to hold above the breakout zone, the previous resistance at $95–$100 could act as key support.
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Strengthening Bullish Indicators: What the Charts Say
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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.
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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.
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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.
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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.
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With growing Open Interest, rising trading volume, and increasingly bullish technical indicators, QNT appears to be in a strong position for further gains.
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The cryptocurrency market is notoriously volatile, and while bullish momentum is certainly present, traders and investors should remain cautious of sudden price corrections.
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In summary, Quant (QNT) is showing impressive bullish momentum as it breaks through long-term resistance levels.
The Currency Analytics
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