Quant's price has experienced a remarkable surge, signaling a potential shift in market dynamics as buyers regain control after a prolonged downtrend. This rally has not only broken key moving averages but also attracted significant institutional interest. The report highlights positive developments indicating that the market is poised for further growth.
Quant (QNT) Price Surge
The price of Quant (QNT) has surged by 835% intraday, breaking above the 20, 50, and 100-day exponential moving averages (EMAs). This upward movement indicates a shift in momentum, with buyers reclaiming control after months of bearish trends. Currently, QNT trades near $84.98, reflecting a strong recovery in market sentiment.
Spot Exchange Inflows
Spot exchange inflows have reached 569,380, suggesting that traders are accumulating QNT by moving it off exchanges into cold storage. This trend highlights a growing confidence among investors, as they seek to hold onto their assets amid increasing institutional interest.
Institutional Partnerships
Partnerships with major enterprises such as:
- HSBC
- Barclays
- Dentsu Soken
are further driving this institutional interest in Quant's Overledger infrastructure. The recent rally marks the first decisive break above the 100-day EMA since October, indicating a potential shift in short-term momentum back toward buyers.
Exchange Flow Data
Moreover, exchange flow data supports the rally's fundamental backing, with QNT recording 569,380 in net inflows on January 17. This marks a significant reversal from the distribution pattern that characterized Q4 2022, suggesting a renewed bullish outlook for Quant in the coming weeks.
Chainlink's price has stabilized above $13, indicating a potential recovery as traders eye the $15 target. This contrasts with Quant's recent surge, highlighting varying market dynamics. For more details, see Chainlink update.
