QNT has defied the overall market drop this week, recording gains of 7%. The rally close to 10% of the token seems to be driven by renewed interest from investors following the launch of Overledger Fusion, a Layer 2.5 network designed to connect institutions, businesses, and decentralized finance (DeFi) ecosystems.
It has also driven an increase in whale accumulation, indicated by the rally of 1,083% in the netflow of large holders during the past week.
This increase signals growing confidence in QNT's short-term performance and suggests the likelihood of more rallies as large investors increase their exposure.
If these traders continue buying QNT, they could drive its price to $115.20.
However, if sales resume, QNT could fall below $101.87 and head towards $93.52.
