🌎 Quant Shows Bullish Reversal Amid Overledger Fusion Optimism

Quant (QNT) is showing early signs of a bullish reversal, with a potential inverse head and shoulders pattern forming on its price chart. This technical setup could signal a significant upward move for the cryptocurrency in the coming weeks.

Quant’s Recent Surge: Key Metrics

Over the past 24 hours, Quant’s price jumped more than 10%, reaching an intraday high of $106.67 on May 27. This price increase pushed its market capitalization to approximately $1.55 billion, positioning QNT nearly 80% above its year-to-date low.

Daily trading volume has seen a sharp increase, surging over 200% to surpass $50 million. In tandem, open interest climbed 43% to $22.9 million, marking its highest level since February. These metrics highlight a growing wave of speculative activity around Quant.

Upcoming Upgrade Fuels Market Optimism

The recent uptick in momentum can be partly attributed to an announcement from Quant’s CEO, Gilbert Verdian. He revealed that Overledger Fusion, a new upgrade described as a “Layer 2.5” network, will begin rolling out in June 2025. This upgrade introduces multi-chain rollups, secure cross-chain smart contracts, and enhanced privacy tools, aiming to improve interoperability between blockchains and both enterprise systems and DeFi applications.

Overledger Fusion is designed to address key challenges slowing institutional adoption of public blockchains, such as compliance risks, data privacy concerns, and scalability issues. By enabling smoother asset and data movement between private and public chains, the upgrade could attract interest from banks, fintech firms, and other organizations exploring blockchain integration.

Market Reaction to Quant’s Roadmap

This update has captured the attention of traders, as it provides a clearer roadmap for Quant’s expansion in blockchain interoperability. With Quant already involved in initiatives like the digital euro, the potential for broader adoption appears promising.

Adding to the bullish sentiment, data from Santiment shows that daily active addresses on the Quant network surged 47% in the last day, indicating a rise in user activity and engagement.

Technical Analysis: Bullish Signals for QNT

From a technical perspective, QNT has printed a bullish engulfing candle on the daily chart, confirming a breakout from the inverse head and shoulders pattern. This breakout is supported by a golden cross between the 50-day and 200-day exponential moving averages (EMAs) and a fresh MACD crossover, both of which are strong indicators of a potential bullish trend.

If the breakout holds, the inverse head and shoulders pattern projects an upside potential of approximately 42.3% from the neckline around $102, suggesting a price target near $146. This aligns with the 78.6% Fibonacci retracement level, further reinforcing the bullish outlook.

Key Levels to Watch

Despite the promising setup, traders should monitor a couple of resistance zones. The $114 level corresponds to the 50% Fibonacci retracement, while $127 represents the 61.8% level. These areas could act as minor hurdles during the climb.

On the downside, if QNT dips back below $102, the bullish setup could be invalidated. In that scenario, the price might retreat toward the $91 support zone before finding a new direction.

Final Thoughts

While Quant’s recent price action and upcoming developments suggest a bullish outlook, it’s crucial for investors to remain cautious and conduct their own research. Market conditions can change rapidly, and technical setups are not guarantees of future price movements.