Quant Breaks Out: Is QNT’s 19% Surge the Start of a Major Price Turn?

Quant has experienced a significant surge, soaring over 19 percent and exceeding $86.98. This jump comes amidst an intriguing confluence of factors that indicate this might be more than just short-term volatility. Quant’s progress is being fueled by its involvement in the UK’s pilot program for tokenized sterling deposits with major banks like HSBC, Barclays, and Lloyds. This collaboration positions Quant as a key player in the development of regulated digital money infrastructure, boosting long-term credibility. 19% gains have been propelled further by declining exchange balances and Treasury Pool rewards that reduce selling pressure on QNT, amplifying any renewed demand. 200-day level near $100.52 is currently a key focus point for traders as they monitor if this breakout translates into sustained growth or just a temporary rally.