Quant (QNT) surged nearly 400% in September, becoming the standout altcoin after being selected by The Clearing House for its On-Chain Money Initiative, a payment network processing over $2 trillion daily. The token rose from around $60 to nearly $350 before settling just under $280. Analysts provided mixed outlooks; Ali Martinez set $430 as a key resistance level toward a potential $2,000 high, while Jia Crypto predicted a move toward $400. Downside signals included Lookonchain revealing that the Quant Network founder’s wallet moved almost $7 million of QNT after seven years of inactivity. Increased exchange inflows and a Relative Strength Index above 70 further suggested the asset is overbought.
September was a strong month for major cryptocurrencies including Bitcoin (BTC). However, Quant (QNT) became the market’s standout asset after surging nearly 400% in a month.
The primary catalyst for this rally was the announcement that The Clearing House selected Quant to power its On-Chain Money Initiative. The Clearing House operates payment networks that process over $2 trillion each day.
Less than two weeks before the spike, QNT was worth around $60. By the end of September, the token’s price rose to nearly $350, and it currently trades just under $280.
Analyst Ali Martinez set $430 as the key resistance level. In his view, a decisive break above this could send QNT into price discovery mode toward an all-time high of $2,000.
Analyst Jia Crypto stated that QNT could cross $300 “soon with big profits” and then potentially rise to $400.
Despite the optimism, downside risks are present. Lookonchain revealed that the Quant Network founder’s wallet moved almost $7 million worth of QNT after seven years of inactivity.
Traders may interpret this as a sign of potential profit-taking, triggering uncertainty and panic selling. Additionally, QNT investors have been abandoning self-custody and flocking to centralized exchanges, which increases immediate selling pressure.
The token’s Relative Strength Index (RSI) also serves as a warning. The ratio has surged past 70, placing QNT in overbought territory and suggesting a short-term correction may be ahead.
