Quant (QNT) has lost roughly 25% of its value in the last month following a surge of more than 500% in late September.
The rally peaked after The Clearing House, a payments firm owned by several major commercial banks, announced that it selected Quant to supply interoperability for its On‑Chain Money Initiative. The partnership highlights Quant’s role in the growing institutional focus on real‑world asset tokenization.
Technical outlook
On the four‑hour chart, QNT broke below a symmetrical triangle earlier this week, pushing the price toward a demand zone near $178. Weekly charts still show a bullish trend, with the $194 level from October 2022 broken and the weekly candle reaching $228. However, the token entered a corrective phase, with support identified around $194 and $160.
If the $160 level fails, the next demand area lies between $121 and $131. Repeated tests of $178 have not produced sustained upward movement, leaving room for a possible decline below $173.50.
Potential downside
The daily fair value gap extends from $104.60 to $148.40, and the 78.6% Fibonacci retracement aligns within this range. The midpoint of the gap near $126 falls inside the weekly demand zone, suggesting a possible long setup if tested, while a break below $104 would invalidate that scenario.
Summary
The Clearing House’s selection of Quant for its tokenized deposit network has kept sentiment around the altcoin positive, even as short‑term price action remains bearish. Further downside toward the $126 level is possible.
