Quant Price Squeeze Is Running Out of Room – $214 in Focus

3 days ago 1

Rommie Analytics

Key Takeaways

  • QNT near $204, below 0.5 Fib around $214.
  • Rising 50-day SMA ($183) overtook the 0.618 Fib.
  • Daily RSI at 53.64 above its signal line.
  • Late-October dip held above the first low.

QNT is still working through the spike that followed The Clearing House’s September 24 announcement that it had selected Quant’s technology for its On-Chain Money Initiative, a planned network for clearing and settling tokenized bank deposits.

On Binance’s daily chart, QNT is up 1.32% on the day, about $3, after opening near $202 and trading between roughly $197 and $206. The session dipped below $200 and recovered, keeping price on the round number buyers have defended through the recent sessions.

Read Entire Article