Quant (QNT) is showing promising signs of a bullish reversal, as technical indicators and market data align in support of a potential breakout. The token surged over 10% in the last 24 hours, reaching an intraday high of $106.67 on May 27 and pushing its market capitalization to approximately $1.55 billion. This recent rally places QNT nearly 80% above its year-to-date low, signaling renewed investor confidence.
The uptick in price is accompanied by a massive surge in activity. Daily trading volume soared more than 200% to surpass $50 million, while open interest jumped 43% to $22.9 million its highest level since February. The sharp rise in open interest highlights increasing speculative interest and potentially stronger market participation.
Overledger Fusion Announcement Fuels Momentum
Driving much of this bullish sentiment is the announcement from Quant CEO Gilbert Verdian regarding the upcoming launch of Overledger Fusion, scheduled for rollout in June 2025. Branded as a “Layer 2.5” upgrade, Fusion is set to introduce key innovations such as:
- Multi-chain rollups
- Secure cross-chain smart contracts
- Enhanced data privacy features
These upgrades aim to tackle longstanding institutional hurdles in public blockchain adoption, including compliance barriers, privacy concerns, and scalability limitations. Fusion’s potential to bridge the gap between DeFi and enterprise ecosystems is already attracting attention from major sectors like banking and fintech.
Technical Breakout in Progress
From a charting perspective, QNT recently completed an inverse head and shoulders pattern on the daily timeframe—a classic bullish reversal signal. This move was validated by a bullish engulfing candle and further reinforced by a golden cross between the 50-day and 200-day exponential moving averages. Additionally, the MACD indicator has printed a bullish crossover, all pointing to an emerging uptrend.
The projected upside from the breakout is about 42.3%, which could push QNT toward the $146 mark. This aligns with the 78.6% Fibonacci retracement level, adding technical weight to the target. However, intermediate resistance levels at $114 (50% retracement) and $127 (61.8% retracement) may temporarily slow the climb.
On-Chain Data Supports Bullish Outlook
Supporting the bullish case further, data from Santiment shows that daily active addresses on the Quant network surged 47% in just 24 hours. This increase in on-chain activity suggests rising user engagement and growing interest in the ecosystem as the Fusion upgrade nears.
Cautionary Levels to Watch
Despite the bullish momentum, the setup remains fragile if the price slips back below the $102 neckline. A breakdown from that level could invalidate the bullish pattern and potentially drag QNT back toward the $91 support zone before reassessing direction.
Quant’s recent price surge, fueled by its ambitious Fusion roadmap and strong technical indicators, positions it as a token to watch in the coming weeks. If the bullish setup continues to hold, QNT could be on a path to reclaim higher levels as confidence returns to the market.
Disclaimer: This article is for educational purposes only and does not constitute financial advice.
