Quant (QNT) Price Surged 11%, Is It Targeting $125 Mark?

• Quant has surged 77% from April lows near $60 to current $106 levels, demonstrating robust buyer interest.
• RSI at 60.91 shows a healthy uptrend without overbought conditions, while MACD maintains a positive crossover since late April.

Quant is currently worth around $106.38, indicating a mild consolidation after a strong rise from its April lows. It has shown great strength, going from being near $60 to its current price, which is 77% higher, and demonstrates bullishness.

The price action demonstrates that bulls are accumulating the altcoin, and investors are showing more confidence in it. After falling from above $120 in February, Quant built a strong support zone in April around $60-65. The support level of $60 played a key role in preventing the price from extreme bearish pressure

Currently, the price has solid psychological support at the $100 level. Moreover, as per CMC data, the buying volume is also increasing, which favours bulls. In the last 24 hours, trading volume increased by 270%.

What’s Next In Quant Price?

Source: TradingviewThe picture from technical indicators is still mixed, but it is becoming more hopeful. Right now, the QNT RSI is 60.91, indicating it is in neutral territory and buyers are taking over without pushing the market into overbought territory. The reading suggests that prices could rise further before meeting strong resistance from upper territory.

Quant MACD curve is above the signal curve, and the histogram is showing green, indicating that momentum is increasing. The bullish crossover seen in late April has lasted, which means the underlying trend is still positive for rising prices.

Social sentiment analysis suggests that market participants are feeling moderately optimistic. The indicator has shown both positive and negative periods during the timeframe, but now the numbers are moving higher as prices have improved significantly.

Going forward, the $113-120 area could see immediate resistance because it was the site of previous highs. Around $100-105, support is strong, and it gets stronger still at $88, where the moving averages meet. The analysis suggests Quant is ready to attempt breaking out toward its previous highs, as long as buying pressure continues and the broader market allows.

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