Quant Price Climbs 3% After Losing Half Its September Gains

The QNT token fell to an intraday low of about $177.90 on Sunday, giving back roughly 61% of a September rally that had run from near $55.60 to a peak near $373, a gain of about 570%. Buyers then pushed the price higher. The drop reached the golden pocket, the area bounded by the 0.618 and 0.65 Fibonacci retracement levels, at roughly $167 to $177; such levels measure how much of a prior move has been reversed. The 50-day simple moving average was near $162 and climbing, creating a demand zone from about $162 to $177. The relative strength index had cooled to about 46 after extreme overbought readings during the spike.