Quant Price Dives 18% After Rejection at $326

Quant's price has dropped by 18% after facing rejection at $326. The altcoin lost its $300-support and fell to a low of $237, with its spot trading volume declining by 33% to $474 million in the same time frame.

This drop in value was driven largely by intense selling pressure as investors cashed out their recent gains. Just recently, Quant recorded a 250% weekly gain, which led to significant profit-taking and possibly even more stubborn market behavior.

A significant share of bulls were kicked out of the market, with over $4.8 million in total liquidations, mostly longs suffering from $3.5 million in liquidated positions.