Latest Quant (QNT) Price Analysis

By CMC AI
07 February 2026 04:02AM (UTC+0)

Why is QNT’s price up today? (07/02/2026)

TLDR

Quant is up 12.52% to $65.11 in 24h, outperforming Bitcoin's +10.49% rally, primarily driven by a broad market rebound. No clear coin-specific catalyst was visible in the provided data; the move looks consistent with high-beta altcoin behavior during a market-wide recovery from extreme fear.

  1. Primary reason: Strong correlation with Bitcoin's recovery, driven by a market-wide short squeeze and institutional buying rumors.

  2. Secondary reasons: Rotation into trending narratives like Layer 1 and the Binance Ecosystem, where QNT is categorized.

  3. Near-term market outlook: If QNT holds above its daily pivot at $62.59, it could test Fibonacci resistance near $66.67. A break below $60 risks a retest of recent lows, especially if Bitcoin's momentum falters.

Deep Dive

1. Bitcoin Beta and Market Rebound

Quant’s surge closely tracked a violent “V-shaped recovery” in Bitcoin, which rallied over 15% intraday from a 16-month low near $60,000 to reclaim $70,000. Social media cited aggressive buying by major exchanges like Binance, forcing short positions to unwind. As a higher-beta asset, QNT amplified the broader market move.

What it means: QNT’s price action was largely a function of crypto market risk-on sentiment, not internal developments.

Watch for: Bitcoin’s ability to sustain above $70,000; a rejection could pressure alts like QNT.

2. Sector Rotation Momentum

QNT is tagged within the trending “Layer 1” and “Binance Ecosystem” narratives, which saw aggregate gains of +10.14% and +9.17% in 24h, respectively. This context provided a supportive tailwind, allowing QNT to slightly outperform its sector.

What it means: The coin benefited from capital rotating back into major crypto categories after a severe sell-off.

3. Near-term Market Outlook

The immediate technical structure shows QNT trading above its daily pivot point of $62.59, with the next key resistance at the 61.8% Fibonacci retracement level of $66.67. The broader market sentiment remains at “Extreme Fear” (index 8), which can sometimes precede a contrarian bounce if buying pressure sustains.

What it means: The path of least resistance is cautiously higher, contingent on Bitcoin’s stability.

Watch for: A daily close above $66.67 to confirm short-term bullish momentum; a break below $60.00 would signal weakness.

Conclusion

Market Outlook: Cautiously Bullish (Beta-Dependent) Quant’s rise was primarily a leveraged play on Bitcoin’s recovery, amplified by its positioning in recovering market sectors. Key watch: Whether QNT can decouple from pure beta and hold gains if Bitcoin’s rally pauses, which would require a coin-specific catalyst currently absent from the data.

Why is QNT’s price down today? (06/02/2026)

TLDR

Quant is down 10.43% to $57.78 in 24h, slightly underperforming a broad market sell-off primarily driven by macro-driven risk aversion and extreme fear sentiment. It shows a strong correlation (0.91566) with the S&P 500, indicating a rates/liquidity-driven move across asset classes.

  1. Primary reason: Broader crypto market collapse, with Bitcoin down 9.4% and total market cap falling 8.89%, driven by extreme fear and heavy liquidations.

  2. Secondary reasons: Aggressive sector rotation out of altcoins, as capital flees to perceived safety during a "Bitcoin Season."

  3. Near-term market outlook: If Quant holds above the recent swing low of $55.61, it could consolidate; a break below risks a drop toward $50. Watch for Bitcoin stabilizing above $60k and a shift in the Fear & Greed Index from "Extreme Fear."

Deep Dive

1. Broader Market Sell-Off

Overview: The entire crypto market is under severe pressure. Bitcoin dropped 9.4% to $64,657, and the total market cap fell 8.89% to $2.22 trillion. The CMC Fear & Greed Index hit "Extreme Fear" at 5, reflecting panic selling. Bitcoin saw over $1.01 billion in liquidations in 24h, exacerbating the downdraft. Quant, moving in lockstep, experienced amplified selling as a higher-beta asset.

What it means: Quant's drop is not coin-specific but part of a systemic risk-off event where traders are exiting all crypto positions.

Watch for: A sustained rebound in Bitcoin above its key support near $60k, which could relieve pressure on alts.

2. Sector Rotation Out of Altcoins

Overview: The Altcoin Season Index is deep in "Bitcoin Season" at 23, indicating capital is fleeing altcoins for Bitcoin or cash. The Layer 1 category, which Quant is associated with via its interoperability tag, fell 9.86% in 24h. This rotation intensifies selling in mid-cap alts like Quant during market stress.

What it means: Even without a Quant-specific catalyst, it is being sold as part of a broad de-risking from altcoin exposure.

Watch for: A rise in the Altcoin Season Index above 25, signaling a potential halt to the altcoin exodus.

3. Near-term Market Outlook

Overview: Quant is deeply oversold (RSI7 at 17.46) and trades below all key moving averages. Immediate support is the recent swing low at $55.61. The pivot point at $59.51 now acts as resistance. If Bitcoin finds a floor and market sentiment improves from "Extreme Fear," Quant could attempt a relief rally toward $65. However, if selling persists and $55.61 breaks, the next major support isn't clear until the $50 psychological zone.

What it means: The trend is strongly bearish, but oversold conditions suggest a tactical bounce could emerge if the broader market stabilizes.

Watch for: A daily close above the pivot ($59.51) to signal short-term bearish exhaustion.

Conclusion

Market Outlook: Bearish Pressure Quant's decline is a symptom of market-wide deleveraging and altcoin rotation, not a fundamental breakdown. A sustained recovery requires the macro cloud to lift and Bitcoin to stabilize.

Key watch: Can Quant defend the $55.61 support level on a daily closing basis, and does the Fear & Greed Index show any sign of improvement from "Extreme Fear"?

CMC AI can make mistakes. Not financial advice.