Quant Up 10% in 24 Hours, Trading Over $100 Again

Following a period of limited activity, Quant (QNT) gained significant momentum over the past day, climbing more than 10% and breaking back above $100 for the first time in weeks. This move has caught traders’ attention, with both technical analysis and project news indicating the potential for continued momentum rather than a short-lived rally.

Renewed Interest Boosts Price and Volume

QNT reached a high of $106.17 today, lifting its market cap to roughly $1.28 billion. That puts it nearly 80% above its year-to-date low. Along with that, Quant’s daily trading volume spiked over 320%, surpassing $53 million.

Notably, open interest jumped 43% to $22.9 million, marking its highest level since February. Since open interest counts the number of active futures contracts, this rise often points to growing speculation or institutional interest. In this case, it indicates traders are expecting prices to move higher.

Adding to this, blockchain analytics platform Santiment reported a 47% increase in daily active addresses on the Quant network, hinting at growing user engagement. This rise in network activity often precedes stronger price action, as it reflects real-world usage rather than short-term hype.

Platform Upgrade Fuels Investor Confidence

Part of the renewed confidence around Quant appears tied to recent comments from CEO Gilbert Verdian. In a statement shared earlier this week, Verdian confirmed that “Overledger Fusion”, a” much-anticipated upgrade to the platform’s core architecture, will begin rolling out in June 2025.

Described internally as a "Layer 2.5" framework, Fusion introduces multi-chain rollups, secure cross-chain smart contracts, and enhanced privacy tooling. The upgrade aims to smooth interoperability between public blockchains and traditional enterprise systems, addressing long-standing concerns around compliance, data confidentiality, and scalability.

These are precisely the issues that have historically slowed institutional adoption of blockchain. Quant’s positioning — bridging the gap between decentralized networks and regulated institutions — could prove timely as banks, payment networks, and fintech companies continue exploring blockchain infrastructure.

Fusion also outlines a clearer roadmap for Quant’s role in real-world use cases, including central bank digital currencies (CBDCs). The project’s involvement in the digital euro initiative has already attracted attention, and Fusion’s rollout could amplify Quant’s relevance in the growing interoperability space.

Technical Indicators Turn Positive

From a technical analysis standpoint, QNT appears to be entering a bullish reversal. Today’s price action confirmed a breakout from an inverse head and shoulders pattern, a formation often seen at the end of a downtrend. The move was accompanied by a bullish engulfing candle, which is typically read as a sign of strength.

There’s also a golden cross developing on the daily chart, where the 50-day exponential moving average (EMA) crosses above the 200-day EMA. In tandem, the MACD just printed a bullish crossover, both suggesting further upside could be ahead.

The pattern projects a potential price target of around $146, which is a 42% gain from the breakout neckline near $102. That target aligns with the 78.6% Fibonacci retracement level, adding technical confluence. However, the road up may not be simple. Key resistance zones at $114 (50% retracement) and $127 (61.8%) could act as hurdles, at least in the short term.

That said, if QNT falls back below the $102 neckline, it could invalidate the breakout. In that scenario, the price may retest the $91 zone, which has served as support in recent months.

Future Prospects Of QNT

Quant's recent rally is supported by both on-chain activity and meaningful project developments. With trading volumes up, open interest rising, and user engagement increasing, market participants are clearly paying attention.

The timing of the Fusion rollout and the alignment of technical signals suggest that QNT may be preparing for a more sustained move upward. Should momentum persist and the update perform well, Quant may be set to regain its upward trajectory.