Quant Crypto Surges as Exchange Reserves Plunge and Futures Demand Rebounds

Source: CryptoNewsNet Original Title: Quant crypto price surges as exchange reserves plunge Original Link: Quant (QNT) token jumped to its highest point in over a month, retesting the important resistance level at $100 and becoming one of the best-performing coins on November 28.

Market Drivers

The surge was driven by two key factors:

Exchange Supply Decline: Data shows that the supply in exchanges plunged significantly this month, indicating increased buying among investors. The supply fell to 3.06 million tokens, down from the June high of over 3.6 million, representing a movement of over $53 million worth of tokens out of exchanges. Exchange outflows are a positive sign, as they indicate investors are accumulating the asset.

Futures Market Demand: Demand for the Quant token in the futures market rebounded strongly, hitting $20 million—its highest point since October 10. Open interest has been rising gradually from this week’s low of $11 million.

Quant’s Market Position

Quant has been in the spotlight as the real-world asset tokenization theme has gained momentum. The project is widely recognized as an RWA token due to its Overledger product, which is now being used by major blockchain platforms.

Overledger is an interoperability platform enabling communication and asset transfers across multiple blockchains and traditional finance systems. Quant also created QuantNet, which functions as an operating system for the RWA industry, solving fragmentation by connecting tokenized money, assets, and existing payment systems through one unified layer.

Technical Analysis

The daily chart shows QNT rebounded to its highest point in a month after forming a double-bottom pattern at $68.87 and a neckline at $97.85 (its highest point on November 13).

Key technical indicators suggest bullish momentum:

• The price moved above the upper side of the descending channel pattern, confirming a breakout
• The token has moved above both the 50-day and 100-day Exponential Moving Averages

Bulls are targeting the key resistance level at $120, which represents approximately 28% above the current level. The technical setup suggests the token is likely to continue rising in the near term.