- Quant (QNT) recovered from a low of $79 and is now trading around $88.
- The altcoin could target the psychologically important $100 mark, helped by several potential tailwinds.
- QNT retested and moved above the 50-day exponential moving average (EMA).
Quant (QNT) bounced from a $79 low and, after reaching a high of $93, is trading near $88. The token now appears positioned to aim for the psychological $100 level.
As market sentiment has improved with the recent recovery, the token’s successful retest of key exponential moving averages (EMAs) may prove important for bulls.
In particular, the current price region had previously impeded upside attempts by optimistic traders.
Quant Price Rebounds: Is $100 Next?
Quant’s price rebounded from a $79 low on Thursday and held near $88 after bulls pushed the token above $93 during a test of bearish resolve.
This rapid recovery represents a rally of more than 28% from the November 4 low under $68, demonstrating bulls’ resilience despite broader market volatility.
On Thursday, the U.S. government shutdown ended and broader altcoin bullishness returned, while Bitcoin traded below the $103,000 range, and Quant moved higher.
Analysts note that cryptocurrencies can see significant rallies following past shutdown cycles: when the U.S. government reopened previously, BTC posted sharp gains.
Crypto analyst Alex Wacy shared the following perspective on past cycles:
The last two times the U.S. Gov shutdown ended,
Bitcoin ripped 700% and 300%.
Shutdown just ended today 👀
Therefore, QNT’s rise aligns not only with renewed optimism across altcoins but also with interest in projects focused on enterprise solutions.
In similar circumstances, established “dinosaur” blockchains such as Lisk and Nano have posted notable gains in recent weeks, reflecting renewed rotation into legacy projects.
What Is Quant’s Technical Outlook?
Long-term holders have been injecting fresh liquidity amid the broader rally, and the ecosystem’s underlying strength is aiding the bullish case.
If momentum continues, firmly rejecting bears above $93 could provide the thrust needed for a rapid move toward $100.
Technically, the short-term recovery points to a potential bullish crossover in the moving average convergence divergence (MACD).
On the daily chart, the MACD histogram has turned positive.
The daily relative strength index (RSI) is also noteworthy, rising near the mid-50s around 57, which supports continued upside momentum.
QNT is trading above the 50-day EMA, a moving average that had acted as strong resistance since November 5.
If bulls flip this indicator into a dynamic support zone and hold above it, the uptrend can continue.
Near-term supply resistances lie around $107 and $130, which could act as obstacles on the way higher.
In short, the convergence of rebound momentum, institutional interest, and technical strength increases the likelihood of QNT challenging — and potentially surpassing — the $100 mark.
Absent a significant macroeconomic setback, the next meaningful targets beyond that level would be the December 2024 high near $165 and the local resistance area around $200 seen in 2021.