Quant Price Forecast: Why is September’s 370% rally back in focus after the 50-day EMA rebound?

• Following the previous day’s 6% recovery, Quant remains above its 50-day EMA near $171, trading around $189 on Monday.
• Retail appetite for QNT derivatives remains resilient as Open Interest steadies above $90 million.
• With selling momentum easing towards neutral, Quant’s technical outlook sheds its near-term bearish bias, putting the 50-day EMA at $171 in focus.

Bullish sentiment remains intact as Quant (QNT) holds on to the previous day’s 6% rebound, trading near $189 on Monday while buyers seek to build on September’s rally. Firm retail appetite for the Decentralized Finance (DeFi) token is reflected in QNT Open Interest, which remains above $90 million. As downward momentum fades, the technical picture points to the possibility of a recovery from the 50-day Exponential Moving Average (EMA) near $171.

Is retail demand for QNT staying resilient?

Retail interest in Quant’s leveraged market remains robust. According to CoinGlass, QNT Open Interest (OI) has risen to $92.98 million from $87.90 million a day earlier, signalling that its retreat from $192.16 million on October 5 is stabilising. The levelling-off in the notional value of active contracts suggests that both the spot-price decline and the wipeout of positions have eased, pointing to bullish expectations among traders.

Technical outlook: Can QNT regain the $200 level?

Following September’s 370% rally, QNT retains a constructive bullish bias and is trading at $189 at the time of writing on Monday. Signs of price stabilisation are emerging around the 50-day EMA at $171. With this average comfortably above the 200-day EMA at $109, the longer-term outlook remains constructive.

Supporting the rebound from the 50-day EMA is the 50% retracement level at $150, measured from $60 to $373. If QNT confirms a break above last week’s high of $212, the uptrend could resume, opening the way for a move towards the $373 peak.

A consolidation phase, rather than intense selling pressure, is suggested by the momentum indicators. The Moving Average Convergence Divergence (MACD) line remains slightly below its signal line, but the shrinking negative histogram points to a gradual transition towards sideways movement. Meanwhile, the Relative Strength Index (RSI) is positioned just below the neutral 50 level.

Should prices weaken, the 50-day EMA at $171 provides immediate support, with additional backing from the 50% retracement level at $150.

(The technical analysis of this story was written with the help of an AI tool. Know more.)