Key Insights
- QNT climbed over 450% from mid-September levels before pulling back from a five-year peak exceeding $350.
- Market analyst EGRAG Crypto highlighted $150 alongside the $115–$100 band as potential re-entry targets if a deeper pullback occurs.
- A drop from the approximately $367 high down to $115 would equate to a roughly 69% correction.
The price of QNT has suffered a steep retreat following one of the most powerful altcoin surges of September.
Quant rallied from roughly $60–$63 in mid-September to an intraday peak above $350 before profit-takers stepped in. The asset subsequently drifted down to the $230–$240 zone as market participants scaled back their exposure in the wake of the rapid climb.
This downward correction has shifted market focus toward key support levels highlighted by analysts, which include $195, $150, and the wider $115–$100 range.
QNT Drops After Reaching a Five-Year High
Trading near $60 in mid-September, QNT experienced a sharp breakout that carried the asset toward $370. This upward momentum arrived after reports that The Clearing House chose Quant for its On-Chain Money Initiative, a payment network handling upwards of $2 trillion in daily transactions.
The surge drove QNT to a five-year peak before heavy selling pressure materialized. The cryptocurrency eventually broke below the $300 threshold and slid toward $237. At the time of the latest market metrics, QNT exchanged hands near $239, marking a 24-hour loss of roughly 18%.
Trading volume likewise tapered off during the sell-off. Spot volume dropped by approximately 33% to $474 million as investors stepped back following the aggressive price escalation.
QNT Price Prediction: Analyst Watches $115 Support Zone
EGRAG Crypto has mapped out a scenario for a deeper correction in QNT, having previously sold holdings during the preceding cycle. The analyst pointed to $150 as an initial milestone of interest, followed by the $100 tier.
Moving from the recent top near $367 down to $115 would mark a decrease of about 69%. The analyst additionally noted that approximately $75 serves as another downside level should the correction push past the $100 mark.
This QNT price outlook arrives on the heels of a rapid two-week advance. During that timeframe, QNT advanced by roughly 300%, leaving the token trading well above its mid-September valuation.
Previously, Ali Martinez marked $430 as a vital resistance ceiling for QNT. A decisive break above that barrier could clear a path toward $2,000, according to his projections.
That resistance target continues to sit above the recent peak near $370.
QNT Derivatives Data Shows Selling Pressure
Futures market activity for QNT cooled down as the token retreated from its yearly highs. Figures from Coinglass revealed $408 million in futures outflows versus $386 million in inflows over a 24-hour window, resulting in a negative futures netflow of $22.7 million.
Open interest also shrank by 15% to $167 million throughout the same duration, indicating that speculators trimmed their futures holdings as QNT drifted downward.
On the spot side, data reflected a shifting trading dynamic. Spot netflows for QNT turned positive at $1.3 million, shifting from a negative $11 million recorded the day prior.
Positive spot netflows have materialized during multiple price dips over the past week, highlighting a trend of heightened distribution as market participants lock in profits following QNT’s dramatic run-up.
Combined futures and spot metrics illustrate a general reduction in exposure following the token’s explosive appreciation. With QNT residing far below its recent peak, ongoing profit-taking could maintain upward pressure on selling volume.
QNT Price Faces $195 and $300 Levels
The daily chart for QNT exhibits fading bullish momentum following a rejection close to $326. The cryptocurrency subsequently broke beneath the $300 support floor to bottom out at $237.
A continued slide could bring the $195 region into play as the next major line of defense. Additional losses beneath that threshold would turn focus back toward the $150 mark emphasized by EGRAG Crypto.
Conversely, for the bulls to regain control, QNT must first reclaim the $300 threshold before participants can seriously target a retest of the recent high.