Is QNT Preparing a Bounce? Weekly Chart Shows $75 Upside Target
As of 6 February 2026, Quant (QNT) continues its bearish trajectory, forming lower highs and lower lows on the weekly chart.
The price trades below all major SMAs: 20 at $102, 50 at $90.9, 100 at $90.6, and 200 near $100, showing strong seller control. Immediate support is at $62–$64, while resistance zones are at $75–$78, $90–$92, and $100–$102.
Base-building between $62 and $70 is possible but unconfirmed. Traders should wait for weekly close confirmation before entering long positions. Until QNT closes above $75 and reclaims $90–$100, the bias favors continuation of the downtrend.
Also Read: Quant (QNT) Price Alert: Bullish Setup Points to $165 Target
RSI and MACD Indicate Weak Momentum
The RSI sits near 38, below neutral 50, confirming bearish momentum but above 30, suggesting the asset is not oversold. The MACD remains below zero, with the signal line above the MACD line. Its histogram is negative but flattening, indicating that downside pressure may be easing.
These indicators suggest that there may be a halt in the short term, with possible relief moves along the way. However, an established move to bullish momentum rests on consistent weekly closes above the significant resistance levels of $75, $90, and $100. Traders can use these indicators in conjunction with price action, as suggested in the TradingView chart.
Quant launches Overledger Fusion testnet milestone
Quant has now launched the Overledger Fusion testnet, a major milestone before the 2026 mainnet rollout. This is a framework for secure cross-chain communication between public and private networks, linking different financial ledgers and CB RTGS systems to enhance the efficiency of transactions and security of digital assets.
This will also enhance the level of cross-blockchain compatibility for enterprises, which could influence the market’s sentiment. Investors are advised to keep an eye on the trends, as well as the market’s sentiment towards the news, all while being reminded that the overall bear market remains in charge in the world of QNT.
Why This Matters
The continued downtrend in the price of QNT, which is trading below major simple moving averages, serves as a caution signal for traders, with price targets set at $55-$58 if the support fails.
The Overledger Fusion testnet will enable enhanced cross-chain connectivity, which could influence the price targets set for 2026, which are $90-$102.
Also Read: Quant (QNT) Breaks Key Resistance as Price Eyes $150 Rally
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