- Quant’s whale transaction volumes have increased by almost 1,000% in 24 hours.
- The recent gains have led to a 20% increase in profitable addresses.
Quantitative [QNT] was trading at $116 at the time of writing, after gaining 3.7% in 24 hours. Trading volume was also up 42% to $48 million, per CoinMarketCap.
Quant’s recent uptrend has brought weekly gains to 12%. However, the altcoin continued to fall 11% in one month, but an in-depth look at the on-chain metrics shows a positive outlook that could push QNT higher.
Whale activity increases by 1,000%
Data from IntoTheBlock shows an increase in volumes for QNT transactions over $100,000. In just 24 hours, these volumes increased from 7,930 to 85,800, an increase of almost 1,000%.
Source: IntoTheBlock
The rising volumes suggest that Quant Whales are becoming active again, which could precede a spike in volatility as these addresses represent 51% of QNT’s holdings.
If these whales buy, it could increase buying pressure and push Quant prices higher. On the other hand, selling activity could derail the uptrend.
The profitability of the wallet drives positive sentiment
After the recent gains, the win rate of QNT wallets has increased significantly. In just 24 hours, these wallets increased by 20%, from 37,000 addresses to 66,000 addresses.
Source: IntoTheBlock
When many wallets become profitable, it can attract new buyers looking to make profits. Rising profitability also indicates positive sentiment around a token.
Recent gains, whale activity, and rising profits have resulted in bullish sentiment around Quant. According to Market Prophit, both the public and smart money sentiment are bullish as traders expect more gains for the altcoin.
Will QNT rise to $137?
Quant’s four-hour chart showed bullish signs. The Chaikin Money Flow (CMF) indicator rose to 0.19, indicating high buying pressure and a strong increase in capital inflows into the asset.
The Relative Strength Index (RSI) confirms this bullish thesis and rises to 61. This RSI also indicates that despite the recent price gains, QNT is not yet overbought, leaving room for a continued upward trend.
Source: TradingView
During the recent uptrend, QNT was rejected at the 100% Fibonacci level ($121). If this level is reversed again, the altcoin could be poised for a 16% rally to the next Fib level of $137.
Quant’s open interest suggests…
Quant’s Open Interest (OI) was up 12% to $21 million per share at the time of writing Mint glass. This increase indicates that traders are opening new positions on QNT, indicating a market belief about how the altcoin will perform in the short term.
Read Quants [QNT] Price forecast 2025–2026
Despite the increase, Quant’s OI continues to decline 15% month-on-month. However, past trends indicate that an increase previously boded well for the price. If this continues, it could result in solid gains for the altcoin.
