QNT (Quant) price retests $100 as available supply tightens
QNT retested $100, reaching a one-month high, as exchange balances fell to 3.06 million tokens in November and futures open interest climbed to about $20 million.
QNT token retested $100 and hit its highest level in a month, the strongest since October 10, as exchange balances declined and derivatives activity increased.
On centralized exchanges, on-chain data show QNT balances fell to about 3.06 million tokens in November, down from more than 3.6 million in June. At recent prices, net withdrawals this month are valued at more than $53 million, reflecting coins moving from trading venues to private custody and reducing immediately available supply.
In futures markets, open interest rose to roughly $20 million, the highest level since October 10, up from about $11 million earlier this week. Open interest measures the value of outstanding futures contracts.
Price charts indicate QNT rebounded after forming a double bottom near $68.87, with a neckline around $97.85, the intraday high on November 13. The token has moved above a descending channel and is trading above its 50-day and 100-day exponential moving averages. A chart resistance area sits near $120, about 28% above recent prices.
Quant has drawn interest from investors focused on tokenized real-world assets. The company describes its Overledger software as a way to connect and move assets across multiple blockchains and traditional finance systems, and it lists Oracle among users. Quant has also introduced QuantNet, described as an operating system for tokenized assets that links money, assets, and existing payment systems through a single layer.
As we reported earlier, BTIG expects bitcoin to rebound toward $100,000 after a 36% peak-to-trough decline. Bitcoin traded around $92,451 on Wednesday. The note cited shifts from risk assets into gold, mixed federal data, and selling by some long-term holders tied to four-year issuance cycles. BTIG said crypto miners showed relative strength, with Cipher Mining up 35% and Terawulf up 31% since Monday, and sees about 15% more upside for a miners index. It also flagged ether retaking $3,400 after a 24% monthly drop, with Solana up about 12% and XRP about 15% over five days.
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