Quant Price Squeeze Is Running Out of Room – $214 in Focus

Quant's QNT token traded near $204 on Nov. 2, below the $214 midpoint of its August-to-September move and above the 50-day simple moving average, which rose to about $183 and crossed above the 0.618 Fibonacci retracement near $177, a chart level that had acted as support. The token was still moving through a spike after The Clearing House said on Sept. 24 that it had chosen Quant's technology for its On-Chain Money Initiative, a planned network for clearing and settling tokenized bank deposits. That announcement did not mention the QNT token and said the network was expected to open to participating institutions in the first half of 2027. QNT's second late-October pullback stopped above the first low near $177.