Deep Dive
1. Technical Breakdown (Bearish Impact)
Overview: QNT broke below its 7-day SMA ($94.42) and 30-day SMA ($100.06), with the MACD histogram (-0.89) confirming bearish momentum. The price now tests the 78.6% Fibonacci retracement level at $90.92, a critical support zone.
What this means: The breakdown reflects weakening buyer conviction. With the RSI7 at 27.58 (oversold), short-term traders may see this as a contrarian signal, but sustained closes below $90 could trigger algorithmic sell orders.
What to look out for: A reclaim of the $94.42 SMA or breakdown below $86.71 (September 2025 swing low).
2. Macro Crypto Sentiment (Mixed Impact)
Overview: The total crypto market cap fell 1.87% in 24h, with Bitcoin dominance rising to 58.09%. Derivatives open interest hit $1.1T (+6.16% in 24h), indicating leveraged traders are amplifying volatility.
What this means: QNT’s underperformance aligns with altcoins broadly losing ground to BTC. Fear-driven rotations to “safe” large caps have pressured mid-tier projects like QNT, despite its real-world asset (RWA) narrative.
3. Adoption Progress vs. Profit-Taking (Neutral Impact)
Overview: On September 25, Quant was selected to power the UK’s tokenized sterling deposits with major banks like HSBC and Barclays. However, the news failed to offset selling pressure.
What this means: Institutional adoption is a long-term bullish driver, but traders may be pricing in execution risks or locking gains after QNT’s 13% YTD gain.
Conclusion
QNT’s dip reflects a confluence of technical triggers, sector-wide caution, and profit-taking after recent partnerships. While RSI hints at oversold conditions, the lack of bullish volume suggests further consolidation is likely.
Key watch: Can QNT hold $90 support amid rising BTC dominance, or will institutional adoption news catalyze a reversal? Monitor the $90–$94 zone for directional clarity.