Quant (QNT) is experiencing a bullish surge, with potential signs of an inverse head and shoulders pattern forming on its chart. The cryptocurrency has experienced significant gains, surpassing the $106 mark in intraday trading within the past 24 hours, marking a new all-time high for QNT. This impressive move propelled its market capitalization to nearly $1.55 billion, achieving a year-to-date high above its previous lows. Daily trading volume surged by more than 200%, with open interest increasing by 43% to reach a record high of over $22.9 million. The recent price increase follows an announcement from CEO Gilbert Verdian about Overledger Fusion, which is scheduled to launch in June 2025. This upgrade will introduce multi-chain rollups, secure cross-chain smart contracts, and improved privacy tools, aiming to enhance blockchain interoperability with both enterprise systems and DeFi applications. Quant’s goal is to address major pain points hindering institutional adoption of public blockchains, such as compliance concerns, data privacy issues, and scalability limitations. Overledger Fusion could appeal to banks, fintech firms, and other organizations exploring blockchain integration. The bullish momentum was further fueled by the announcement and increased trading volume in anticipation of its impact on Quant’s broader role in blockchain interoperability. Santiment data shows a significant surge in active addresses on the Quant network, signaling growing user engagement. Technical analysis also supports this positive trend; a bullish engulfing candle on Monday confirmed the breakout from an inverse head and shoulders pattern on the daily chart. This breakout is backed by a golden cross between the 50-day and 200-day exponential moving averages (EMAs), along with a fresh MACD crossover, both of which typically suggest a strengthening bullish trend. If the breakout holds, QNT’s price could rise significantly, potentially reaching $146 – a projection based on an inverse head and shoulders pattern. This projection aligns with the 78.6% Fibonacci retracement level. On the flip side, if QNT dips below $102, this bullish setup may be invalidated, leading to a potential price retreat towards the $91 support zone before finding a new direction. **It’s important to note that this article does not constitute investment advice.**