Quant (QNT) Shows Potential for Continued Upside as Daily Active Addresses Surge 25%

On-chain metrics indicated a remarkable 25.27% increase in daily active addresses, highlighting a surge in interest surrounding Quant (QNT). The leverage among traders has reached critical levels, with $78.90 marking support and $87.10 as resistance. This article reviews the recent surge in Quant (QNT) price and trading activity, underlining key developments and market indicators. QNT Price Momentum & Market Sentiment As of this writing, QNT is trading around $82.30 , having experienced a price increase of over 8.50% within the last 24 hours. During this time, the trading volume surged by an impressive 115% , suggesting robust market engagement and a potential rally. This heightened volume, combined with rising prices, signals a bullish trend that could be sustainable over the coming days. In contrast, major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) saw modest gains of only 1.60% , 0.35% , and -0.80% , respectively, underscoring QNT’s dominant market performance. Quant Price Action & Technical Analysis COINOTAG’s technical analysis reveals a distinctly bullish outlook for QNT, positioning it for substantial upward movement. Source: Trading View The recent price action saw QNT break free from a long-standing bearish trendline, followed by a consolidation phase. With the recent breakout above the strong horizontal resistance at $80 , the asset is primed for further upside. Should QNT maintain its position above this threshold, it could potentially surge by 25% , targeting the $104 level in the near future. If the momentum continues, an additional rise of 18% could see the price reach $123.50 . Currently, the Chaikin Money Flow (CMF) stands at 0.17 , indicating strong buying pressure—a further bullish indicator. Surging Activity Alongside the bullish price movements, on-chain analytics from IntoTheBlock and CoinGlass reveal a dramatic increase in trader and investor participation. A notable 25.27% increase in daily active addresses signifies heightened interest and confidence from investors, reflecting a growing demand for QNT. Moreover, on-chain data shows that traders are currently over-leveraged, with support at $78.90 and resistance at $87.10 . Traders have established approximately $258.71k in long positions and $197.13k in short positions, signaling a bullish outlook across the board. Source: CoinGlass When analyzing these on-chain metrics alongside the technical analysis, it’s apparent that bulls are firmly in control, potentially driving QNT to higher price levels in the imminent future. Conclusion In summary, Quant (QNT) is experiencing significant upward momentum, reflected in its price action and increasing trader activity. With robust technical indicators and growing demand, QNT is positioned favorably for potential price increases ahead. Investors should monitor these developments closely, as the cryptocurrency landscape continues to evolve. Source: https://en.coinotag.com/quant-qnt-shows-potential-for-continued-upside-as-daily-active-addresses-surge-25/