Quant (QNT) has outperformed Bitcoin with a 24% weekly gain, rallying from a key long-term demand zone between $55 and $60. Technical analysis suggests the mid-cap altcoin is now testing a critical resistance zone, with its next major price direction likely contingent on a daily close above $88 or a rejection from the $80 area.
The cryptocurrency Quant gained 4.91% in 24 hours and was up 24.14% over the past week, a strong performance compared to Bitcoin, which declined 2.64% in the same period. This rally followed a rebound from the long-term demand zone between $55 and $60 in March.
On the weekly chart, QNT exhibits a long-term bullish swing structure but a bearish internal structure. The Visible Range’s Value Area is between $60 and $105, with a Point of Control at $67, indicating a shift toward bullish control in high-volume trading.
Key resistance levels to the north remain at $88, $105, and $135. The On-Balance Volume (OBV) has not trended higher recently, and the Relative Strength Index (RSI) has stayed below the neutral 50 level.
The daily chart shows a bearish swing structure, with the price currently testing the Fibonacci retracement’s golden pocket between $75.04 and $80.87. It is unclear where the next leg will go.
A daily session closing above $88 would be a strong sign of a bullish continuation. Conversely, a rejection from $80 followed by a drop below $75 would suggest a renewal of the bearish trend.
For traders, those already in long positions can consider taking profits as the price enters the $80-$88 resistance zone. Swing traders can wait for $75 or $88 to be breached to decide their next directional bias.
