Quant Price Forecast: QNT poised for next leg higher as buy-side pressure builds

By: fxstreet|2025/05/15 14:30:12
0
Share
copy
Quant price holds steady near $100.70 on Thursday after rebounding from a key support level earlier this week. On-chain metrics highlight bullish momentum, with QNT’s Spot Taker CVD turning positive and trending upward. Robinhood EU expands crypto offerings, enabling European users to trade QNT tokens. Quant (QNT) price is stabilizing near $100.70 on Thursday after rebounding from a key support level earlier this week. On-chain data reinforces the bullish outlook, with QNT’s Spot Taker Cumulative Volume Delta (CVD) turning positive and trending upward, signaling increased buy-side dominance. Adding to the positive sentiment, Robinhood EU has announced that its European customers can now access QNT trading, potentially expanding the token’s investor base. Quant bulls take control of the momentum CryptoQuant data, as shown in the graph below, highlights buying pressure on Quant. The Taker CVD (Cumulative Volume Delta) for QNT has been positive, has increased since mid-April, and is reaching levels not seen since February. This indicator measures the cumulative difference between market buy and sell volumes over 3 months. When 90-day CVD is positive and increasing, it suggests the Taker Buy Dominant Phase, while a negative and decreasing value indicates the Taker Sell Dominant Phase. QNT Spot Taker CVD chart. Source: CryptoQuant On Monday, Robinhood Crypto EU announced that it is expanding crypto offerings, enabling European users to trade QNT tokens. It also added Solana blockchain memecoins Popcat (POPCAT) and Peanut the Squirrel (PNUT). Listing these tokens is a positive catalyst that will likely drive short-term price increases due to increased visibility and retail investor access. However, the longevity of these price movements depends on sustained trading volume, community engagement, and broader market conditions. Starting today, European customers can now trade $POPCAT , $PNUT , and $QNT . pic.twitter.com/YJSrYTeKp7 Quant Price Forecast: QNT rebounds from key support level Quant price retested and found support around the daily level at $94.3 on Tuesday, and rebounded the next day. At the time of writing on Thursday, it hovers around $100.7. If QNT holds above the daily support at $94.3, it could extend the rally to retest its 50% price retracement level (drawn from the December high of $171.7 to the April low of $59.2) at $115.4. The Relative Strength Index (RSI) on the daily chart reads 71 above its overbought level of 70, pointing upwards, indicating strong bullish momentum. However, traders should be cautious as the chances of a pullback are high due to the overbought condition. Another possibility is that the RSI remains above the overbought level of 70 and continues its upward trend. QNT/USDT daily chart However, if QNT closes below $94.3, it would extend the decline to retest its next weekly support at $84.2. Related news Ukraine is considering partnering with Binance to create a national strategic Bitcoin reserve Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC eyes $105K breakout, ETH holds key support, XRP targets $3 Bitcoin Price Forecast: BTC retreats as focus turns to Ukraine-Russia peace talks

You may also like

What characteristics do the projects delisted by mainstream exchanges have?

Mainstream exchanges are, on one hand, massively delisting coins, and on the other hand, massively listing tokenized stock assets. Essentially, this is a supply-side reform aimed at "bad money." The quality of the asset targets and the compliance of the platforms will become the focus of competition...

Before the $75,000 Gamma level, both bulls and bears are waiting for a signal

The selling pressure is being digested, and the belief is still on the way.

Business Opportunities of Tokenized Stocks

In this article, we will outline the lifecycle of tokenized stocks, analyze the current market landscape, and highlight the emerging business opportunities.

In-depth research report on the Resolv protocol hacking incident, who is the final payer?

This incident reveals a fundamental weakness in Delta's stablecoin - the coupling point between the minting logic and off-chain signatures/oracles is the most vulnerable attack surface of the system. Any capital efficiency design of "1 dollar minted for 1 dollar" must be predicated on extremely rigo...

Crypto Market Sees Large Liquidations: $272 Million in Long Positions Affected

Key Takeaways In the last 24 hours, $272 million worth of contracts were liquidated across the entire crypto…

Whale Increases BTC Shorts and Bets on Crude Oil: A Strategic Crypto Move

Key Takeaways A prominent whale, known as “UnRektCapital,” has strategically escalated its short position in Bitcoin while simultaneously…

Popular coins

Latest Crypto News

Read more