Quant Price Surge: Bullish Momentum Eyes $103 Level!

QNT is turning heads with a 6% price increase. Fueled by rising open interest and liquidity, can it break $103? Dive into the bullish momentum!

Quant Price Surge: Bullish Momentum Eyes $103 Level!

Quant (QNT) is making waves with a notable price surge, hinting at strong bullish momentum and setting its sights on the $103 level. Is this the start of something big? Let's dive in!

QNT's Bullish Breakout

QNT's native token has jumped by 6%, standing out in a crypto market that's otherwise struggling. Traders are feeling confident, as shown by a 7% increase in futures open interest, meaning new money is flowing in.

Futures Open Interest: Traders Are Betting Big

The rally is happening alongside an increase in futures open interest, now at $29.13 million. This 7% rise in the last 24 hours shows traders are opening new positions, betting on QNT's continued rise. More traders joining in strengthens the bullish argument, and many are watching to see if this can last.

$103: A Liquidity Magnet

The liquidation heatmap shows a bunch of liquidity around $103. Think of it as a price magnet: if QNT keeps going up, it might be drawn towards this level. This area is attracting both spot and futures market players, which could boost QNT's bullish run even further.

Chaikin Money Flow: Buy-Side Pressure is On

The Chaikin Money Flow (CMF) indicator is climbing, currently at 0.02. This means more capital is flowing into the market, adding to the bullish case for QNT. If demand stays high, QNT could break through the resistance level at $101.87 and maybe even hit $107.68.

The Path Ahead

Right now, QNT looks strong for further gains, assuming the buying continues. The rising futures open interest, liquidity near $103, and climbing CMF indicator all point to continued bullish action.

Final Thoughts

Keep an eye on that $103 level – it could be QNT's next big move. But remember, the market can change fast, so stay sharp and don't get caught napping!