You don’t always get what you Quant. After a 450% rally in the past four months, QNT could see a sharp reversal.
QNT’s downside outlook takes cues from a flurry of technical and on-chain indicators, all suggesting that investors who backed its price rally have likely reached the point of exhaustion.Quant's daily active addresses dropcoincided with similar upticks in its number of daily active addresses . This metric represents the number of unique addresses active on the network as a sender or receiver.an all-time high of 10,949, up from around 5,850 four months ago, data from Santiment shows.
An overbought RSI does not necessarily mean a strong bearish reversal, however. Instead, it shows that the price has moved upward too quickly and, thus, a correction is becoming increasingly likely before the uptrend could resume.
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