Quant (QNT) extends gains toward $80, testing breakout resistance

Key takeaways

• Quant (QNT) extends its rally toward $80, supported by rising whale and retail demand. 
• A breakout above the $80 resistance could set the stage for a potential rise toward $100. 

Quant (QNT) has extended its recent gains towards the $80 mark on Thursday, testing the potential breakout from a long-standing resistance trendline. 

The cryptocurrency’s bullish technical outlook is supported by rising leverage-based activity from large wallet investors, or whales, with a daily close above $80 paving the way for a possible rally toward the $100 target.

Whale and retail demand fuel Quant’s steady recovery

Quant’s steady short-term recovery is being driven by growing demand from both retail and large-wallet investors. 

CryptoQuant data reveals an increase in the average order size of executed orders in the leverage market, indicating heightened whale activity. Additionally, the 90-day cumulative volume difference between buy and sell orders reflects a clear buy dominance, further supporting bullish sentiment.

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