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QNT price rises 12% as trading volume triples — Can investors maintain the trend?
Quant (QNT) has recorded an impressive 12.33% growth over the past 36 hours, while the daily trading volume has tripled since Friday, January 16. This strong upward momentum occurs amid Bitcoin (BTC) maintaining a solid local support zone at $94,500, which previously served as resistance in December and until recently.
The potential for Bitcoin to reach the $100,000 mark has motivated altcoins, opening up significant short-term upside opportunities.
Long-term trend of QNT remains positive
On the weekly chart, QNT is establishing a solid bullish structure. The strong growth in November 2024 helped QNT surpass its previous high at $149.6. Moving into 2025, the weekly chart shows QNT forming a higher low at $58.60, reinforcing the long-term bullish outlook.
Last week, QNT continued to rise by 8.03%, which could be an early signal of a long-term bullish reversal cycle.
The end of QNT’s correction phase will open up attractive investment opportunities, though certain risks remain. Currently, BTC itself still maintains a bearish structure on the weekly chart, with supply zones at $101,000 and $108,000 potentially exerting selling pressure and hindering BTC’s upward momentum.
Potential risks for long-term investors
Long-term holders should be cautious of the risk of QNT’s price falling further, driven by BTC’s volatility and the overall market sentiment, which is currently oscillating from neutral to cautious. Therefore, the ideal timing for long-term investment has not yet arrived.
Short-term trading strategy – Opportunity to establish positions
On the 4-hour timeframe, QNT maintains an upward structure, creating favorable conditions for traders to open buy positions. The capital rotation trend into altcoins is expected to continue over the next few weeks, providing profit opportunities for Quant holders.
Notably, the net outflow on QNT trading platforms over the past three days has been consistently negative, reflecting strong accumulation trends from investors.