QNT rockets up 300%: Are traditional banks driving the Token? 🚀🏦
What a move from Quant (QNT) this week! The token went from hovering around $60 to hitting a peak close to $373 after a major announcement in the traditional banking sector.
What triggered the surge?
▪️ Banking Alliance: The Clearing House selected Quant’s technology for tokenized deposits across 25 U.S. banks, along with active initiatives with major UK players like Barclays and HSBC.
▪️ Strength on the Chart: On the 1D/4H timeframe, we can see how buying volume exploded, placing $QNT among the market’s top gainers.
⚠️ The key point you shouldn’t ignore:
The RSI entered extreme overbought zones, and we’ve already seen wick-like profit-taking from the high. Also, the banking implementation is projected for the medium term, so the risk of a technical correction due to volatility is high.
💡 Technical Decision: WAIT / RETEST (Don’t chase the price in green; wait for consolidation or a retest of support zones before considering entries).
❓ Question for the community:
After this huge rally, do you think QNT will consolidate above $240 to look for another push, or will we see an even deeper pullback?
👇 Leave your vote in the comments:
A) Holds support and goes back to chase new highs.
B) Needs to correct strongly before continuing.
$QNT
What a move from Quant (QNT) this week! The token went from hovering around $60 to hitting a peak close to $373 after a major announcement in the traditional banking sector.
What triggered the surge?
▪️ Banking Alliance: The Clearing House selected Quant’s technology for tokenized deposits across 25 U.S. banks, along with active initiatives with major UK players like Barclays and HSBC.
▪️ Strength on the Chart: On the 1D/4H timeframe, we can see how buying volume exploded, placing $QNT among the market’s top gainers.
⚠️ The key point you shouldn’t ignore:
The RSI entered extreme overbought zones, and we’ve already seen wick-like profit-taking from the high. Also, the banking implementation is projected for the medium term, so the risk of a technical correction due to volatility is high.
💡 Technical Decision: WAIT / RETEST (Don’t chase the price in green; wait for consolidation or a retest of support zones before considering entries).
❓ Question for the community:
After this huge rally, do you think QNT will consolidate above $240 to look for another push, or will we see an even deeper pullback?
👇 Leave your vote in the comments:
A) Holds support and goes back to chase new highs.
B) Needs to correct strongly before continuing.
$QNT