Quant (QNT)
Key points:
At press time, QNT was trading at $133, rising 6.12% from the prior day’s close.
The Supertrend flashed a strong buy signal, while the EWO hovered firmly in positive territory at 9.44.
What you should know:
Quant’s price surged past the $130 mark, extending a strong bullish streak that began earlier this month. The Supertrend indicator confirmed sustained upward momentum by flashing a ‘Buy’ signal well before the breakout. Meanwhile, the Elliott Wave Oscillator (EWO) maintained a consistent green build-up, suggesting buyers had control over recent sessions. Adding to the momentum, renewed interest in Quant followed news of its involvement in digital euro testing with the European Central Bank. This institutional angle likely fueled accumulation, reflected in a 150%+ volume spike and declining exchange reserves. If buying pressure continues, QNT could attempt to breach the $140 psychological barrier. However, any price rejection near current levels might trigger minor pullbacks, especially if volume weakens. Traders should continue monitoring the Supertrend for trend confirmation and the EWO for shifts in momentum.
