- Quant’s whale transaction volumes have surged nearly 1,000% in 24 hours.
- The recent gains have led to a 20% rise in profitable addresses.
At the moment of reporting, QNT was priced at $116 following a 3.7% increase over the past day. Notably, trading activity for this coin increased by a significant 42%, reaching approximately $48 million according to CoinMarketCap.
Quant’s latest surge has boosted its weekly profits to 12%, yet over the past month, it has dipped by 11%. A closer examination of blockchain data indicates a favorable projection that may drive QNT prices upwards.
Whale activity surges 1,000%
According to IntoTheBlock’s data, there has been a significant rise in high-value QNT transactions, with the number of transactions exceeding $100,000 jumping from 7,930 to 85,800 over a 24-hour period. This represents almost a tenfold increase, or an increase of around 1,000%.
As I delve deeper into the data, it appears that the volume levels are on the rise, possibly indicating a return to activity by Quant whales. Given that these particular addresses control approximately 51% of the total QNT supply, this trend could potentially herald an increase in market volatility.
If these whales are purchasing, it might increase buying demand, potentially boosting Quant’s price. Conversely, heavy selling could disrupt the rising trend.
Wallet profitability fuels positive sentiment
Over the past day, there’s been a notable rise in the number of QNT wallets reporting profits, jumping by approximately 20%. Initially, this increase was observed among around 37,000 unique wallet addresses, but now, it has escalated to over 66,000 wallets.
When numerous wallets start making a profit, this could draw in new investors who seek to cash in on the profits. Moreover, increasing profitability often reflects a positive outlook or optimism regarding the token.
As a crypto investor, I’ve been noticing some positive developments surrounding Quant (QNT) that have left me feeling quite optimistic. The recent surge in price, along with increased whale activity, points towards a bullish trend. Market Prophit, a reliable source for market sentiment analysis, has reported that both the general crowd and smart money are leaning towards a bullish stance, suggesting that they too anticipate further gains for this altcoin.
Will QNT rally to $137?
As I analyzed Quant’s four-hour chart, I noticed bullish indications arising. Specifically, the Chaikin Money Flow (CMF) indicator climbed to 0.19, implying a significant increase in buying pressure and an influx of capital into the asset, which could potentially drive its price upward.
According to the Relative Strength Index (RSI), this bullish prediction appears strong as it has risen to 61. The current RSI level suggests that while there’s been a recent increase in QNT’s price, it is not yet showing signs of being overbought, implying potential for further upward momentum.
The price of QNT has been on an upward trend and recently hit the 100% Fibonacci level at $121, but it didn’t continue rising. If QNT manages to break this level again, there’s a possibility that its value could increase by approximately 16%, taking it up to around $137 in the next Fibonacci level.
Quant’s open interest suggests…
At the current moment, Quant’s Open Interest (OI) was observed to have climbed by 12%, totaling approximately $21 million according to Coinglass. This surge suggests that traders are actively creating new positions involving QNT, implying a strong belief among them about how the altcoin may fare in the near future.
Read Quant’s [QNT] Price Prediction 2025–2026
Even though Quant’s Open Interest (OI) increased, it still decreased by 15% compared to the previous month. But, historical patterns suggest that such a rise often predicts positive movements for the price. If this pattern persists, it could potentially lead to substantial growth for the altcoin.
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2025-01-17 11:04