{"id":5052,"date":"2025-07-04T18:37:09","date_gmt":"2025-07-04T18:37:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/quant-price-forms-a-rare-pattern-70-surge-is-likely\/"},"modified":"2025-07-04T18:37:12","modified_gmt":"2025-07-04T18:37:12","slug":"quant-price-forms-a-rare-pattern-70-surge-is-likely","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/quant-price-forms-a-rare-pattern-70-surge-is-likely\/","title":{"rendered":"Quant price forms a rare pattern: 70% surge is likely"},"content":{"rendered":"
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Quant price has rebounded in the past few months following its expanded partnerships with the European Central Bank and Oracle, and has formed a rare chart pattern that points to further gains in the coming weeks.<\/p>\n

Quant (QNT) was trading at $105 on July 4, up over 75% from its lowest level this year. This rally has brought its market capitalization to over $1.2 billion, ranking it as the 60th largest coin in the industry.<\/p>\n

Quant Network gained traction earlier this year when Oracle launched the Oracle Blockchain Platform Digital Assets Edition using its technology. OBP DA<\/a> is an enterprise-grade solution designed to streamline the development and deployment of digital asset applications.<\/p>\n

It simplifies and accelerates tokenization efforts by integrating a robust distributed ledger infrastructure with pre-packaged smart contracts. Oracle utilizes Quant\u2019s Overledger solution in this product.<\/p>\n

<\/p>\n

Quant Network further rallied after being named among a group of companies assisting the European Central Bank in developing a digital euro. There is optimism that the ECB may also adopt Quant\u2019s Overledger solution. Overledger is a blockchain-agnostic operating system that enables interoperability between blockchain networks and traditional systems.<\/p>\n

Quant\u2019s price may also benefit from the development of Fusion, a framework designed to secure assets, data, and logic across both public and permissioned distributed ledgers.<\/p>\n

Fusion\u2019s Devnet launched last week, with the testnet scheduled for release this month. The mainnet is expected \u201cwithin months,\u201d to be followed by the mainnet+.<\/p>\n

Meanwhile, on-chain data shows that the supply of QNT tokens on exchanges has dropped to 1.64 million, its lowest level since May 25, a sign that investors are moving their tokens into self-custody wallets.<\/p>\n

<\/source><\/p>\n<\/picture>
QNT exchage balances | Source: Santiment<\/a><\/figcaption><\/figure>\n

Quant price technical analysis<\/h2>\n
<\/source>
\n\"Quant\n<\/picture>
QNT price chart | Source: crypto.news<\/figcaption><\/figure>\n

The daily chart indicates that QNT bottomed at $59.25 in April and rebounded to $120 in June. It has formed a cup-and-handle pattern, characterized by two distinct swings and a rounded bottom. The recent retreat represents the handle portion of this formation.<\/p>\n

The distance between the cup\u2019s upper and lower bounds is approximately 50%. Projecting this same distance from the upper boundary points to a potential rally toward $180, representing a 71% gain from the current level. However, this bullish forecast would be invalidated if the token drops below the support level at $85.78.<\/p>\n

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