QNT, the native token of the Quant network, has retreated sharply from a five-year high after one of the strongest altcoin rallies of September, shifting attention toward a cluster of potential support levels that includes $195, $150 and the broader $115-$100 zone.

The token climbed from roughly $60-$63 in mid-September to an intraday high above $350 — a gain of more than 450% — before sellers emerged. It subsequently fell toward the $230-$240 region as traders reduced exposure following the rapid advance. Despite the retreat, QNT remains up substantially from its mid-September price.

Five-Year High Gives Way to Steep Pullback

QNT traded near $60 in mid-September before a sharp rally pushed the token toward $370. The move followed news that The Clearing House, the payment network operator that processes more than $2 trillion in transactions each day, selected Quant for its On-Chain Money Initiative. Quant develops interoperability technology designed to connect enterprise systems with public and permissioned blockchains, and the selection placed that technology alongside a major traditional payments operator's push into on-chain money.

The rally lifted QNT to a five-year high above $350 before selling pressure emerged. The token subsequently lost the $300 level and declined toward $237. At the time of the latest market data, QNT traded near $239, down about 18% over 24 hours.

Trading activity weakened alongside the price decline. Spot volume fell by roughly 33% to $474 million, while traders scaled back exposure following the rapid price increase. The drop in volume accompanied the token's retreat from its five-year peak.

Analyst Maps Deeper Correction Scenario

Analyst EGRAG Crypto, who sold the token during its previous cycle, has outlined a deeper correction scenario for QNT. He identified $150 an initial area of interest, followed by the $115-$100 region, framing both as potential re-entry zones.

A decline from the recent peak near $367 to $115 would represent a drop of about 69%. The analyst also identified roughly $75 as another potential level if the correction extends below the $100 area.

The outlook follows a sharp two-week advance in which QNT gained around 300%, leaving the token substantially higher than its mid-September price before the pullback began.

Separately, analyst Ali Martinez previously identified $430 as a key resistance level for QNT. A sustained move above that level could open the path toward $2,000, according to his analysis. The threshold remains above the recent high near $370.

Together, the two scenarios frame a wide range of reference levels for a token still trading well above its pre-rally base.

Derivatives Data Shows Selling Pressure

QNT futures activity weakened as the token pulled back from its recent high. Data from Coinglass showed $408 million in futures outflows against $386 million in inflows over 24 hours, leaving the futures netflow at negative $22.7 million.

Open interest — the total value of outstanding futures contracts — also fell 15% to $167 million during the same period, suggesting traders reduced their futures positions as QNT moved lower.

Spot market data showed a similar shift. Spot netflows, a measure of token movement on spot exchanges, turned positive at $1.3 million, compared with negative $11 million the previous day. Positive spot netflows have appeared during several price pullbacks over the past week, a pattern that points to increased selling as traders lock in gains following the sharp rally.

Taken together, the futures and spot figures indicate reduced exposure after the price increase. With QNT trading well below its recent peak, further profit-taking could keep selling pressure elevated.

$195 and $300 Levels in Focus

QNT's daily chart shows weakening upside momentum after the rejection near $326. The token subsequently fell below the $300 support level and reached a low of $237.

A sustained move lower could bring the $195 area into focus as the next major support. Further selling below that zone would place greater attention on the $150 level identified by EGRAG Crypto as a re-entry zone.

On the upside, QNT would need to recover the $300 area before traders could assess another move toward the recent high.

Source: The Market Periodical