Quant Roars Ahead with 170% Rally as Crypto Market Sees Sharp Rebound

This week in cryptocurrency saw a sharp rebound across various assets.

BTC climbed towards $86k as nearly $1 billion flowed into spot ETFs and short liquidations accelerated.

The altcoins also rallied, with SOL reclaiming $120, but Quant [QNT] stood out for its massive 170%+ rally.

This break above the $160 range sent QNT back to levels previously seen in Q4 2022, re-establishing long-term holders' profits from years of holding.

The RSI has entered extreme overbought territory, and while a weak shakeout is not out of the question, FOMO from both long-term holders and fresh buyers may keep selling pressure at bay.

A move towards $200 in early Q4 does not seem too far-fetched if current structure remains intact.