Quant (QNT) has regained the key $200 level, strengthening its technical position after a volatile October. The recovery comes as QNT breaks above a falling wedge resistance on the 8-hour chart, putting several higher price targets back in focus. The latest technical analysis identifies $238.28, $253.48, $275.11, and $302.67 as potential upside levels if the breakout receives confirmation. However, QNT still faces resistance from the Ichimoku cloud, while mixed momentum indicators suggest further consolidation before a sustained upward move.
On November 1, QNT was trading around $200, $201, recovering from recent fluctuations that pushed the token toward the $192 area. Its 24-hour trading range extended approximately from $192 to $208, reflecting continued activity around the reclaimed psychological level. The recovery follows a volatile October, during which QNT traded within a broader range of approximately $175, $223. Market capitalization estimates ranged from $2.3 billion to $2.9 billion, while daily trading volume stood between roughly $57 million and $64 million.
A technical chart shared by DigitalChartist on TradingView shows QNT breaking above the descending resistance of a falling wedge on the 8-hour timeframe. The breakout was accompanied by stronger trading volume, suggesting increased buying participation during the recovery. However, the price is now approaching the Ichimoku cloud, an indicator commonly used to assess trend direction, support, and resistance. The cloud could present an additional obstacle before QNT establishes a stronger upward trend.
QNT’s daily chart presents a constructive longer-term picture, although short-term momentum remains less decisive. The token is trading above most of its tracked moving averages, indicating that the broader recovery structure remains intact. The 10-day simple moving average (SMA) is near $193, while the 10-day exponential moving average (EMA) sits around $196, $197. The 50-day moving averages are positioned around $177, $180, while the 100-day averages range from approximately $120 to $143.
Momentum oscillators offer a more balanced assessment. The Relative Strength Index (RSI) on the daily timeframe is hovering around 49-53, placing it near the midpoint of its range. The Moving Average Convergence Divergence (MACD) readings are also mixed, with the MACD line fluctuating around its signal line. Bollinger Bands provide additional context, with the middle band positioned around $196, $197, while the upper band ranges from approximately $212 to $219.
Key QNT support and resistance levels to watch include immediate support between $192 and $197, and initial resistance between $201 and $208. A sustained move above $216 would improve the technical outlook, opening the way toward higher targets identified on the 8-hour chart. Traders are also monitoring additional resistance levels, such as $203.85, which could influence QNT’s next move.