Quant (QNT) continues a bearish trend, trading below all major moving averages with immediate support near $62. Technical indicators suggest selling pressure may be easing, but the overall momentum remains negative. The project has launched its Overledger Fusion testnet, a key step toward a 2026 mainnet aimed at enabling cross-chain connectivity between financial networks.
The price of Quant (QNT) continues to form lower highs and lower lows, trading below all major simple moving averages. Immediate support is identified between $62 and $64, while resistance levels range from $75 to $102.
The Relative Strength Index sits near 38, confirming bearish momentum but suggesting the asset is not oversold. The Moving Average Convergence Divergence histogram is negative but flattening, indicating downside pressure may be easing.
Quant has launched the Overledger Fusion testnet, a major milestone before its 2026 mainnet rollout. This framework is designed for secure cross-chain communication between public and private financial networks.
The testnet aims to link different financial ledgers and central bank real-time gross settlement systems. This development could influence market sentiment toward the QNT asset.
Investors are advised to monitor price trends and market sentiment. The overall bearish trend remains dominant for QNT, as stated in the TradingView chart.
Traders should wait for a weekly close confirmation before considering long positions. A sustained move above the $75 resistance level would be needed to shift the current bias.
