Quant (QNT) moved higher on Sunday after a deep pullback tested a key Fibonacci support zone, with the token still holding above all three of its daily moving averages despite surrendering roughly half of its September gains. QNT is the native token of Quant, a project focused on connecting blockchains with enterprise systems.

A Round Trip to the Golden Pocket

QNT's September surge carried the token from a base near $55.6 to a spike high near $373, a gain of roughly 570%. At Sunday's intraday low of about $177.9, the pullback had retraced approximately 61% of that rally — landing right at the 0.618 Fibonacci level — before buyers stepped in and pushed the price higher.

In Fibonacci terms, the low marked a test of the golden pocket: the zone between the 0.618 and 0.65 retracements of a move, one that traders often watch during deep pullbacks within an established trend. Retracement tools work by measuring a prior swing — here the move from the $55.6 base to the $373 peak — and projecting standard ratios of it, such as 0.382, 0.5, 0.618 and 0.786, as candidate support and resistance, with the 0.618 level taking its name from its inverse relationship to the golden ratio of 1.618. On this chart, the zone runs from about $167 to $177.

The 50-Day SMA Backs Up the Pocket

Just beneath the pocket, the 50-day simple moving average (SMA) sits near $162 and is climbing steeply in the wake of the rally. A simple moving average plots the average closing price over a set number of days, and the 50-day and 200-day versions are among the most widely watched trend gauges in technical analysis. Together, the two form a demand zone spanning roughly $162 to $177. As long as QNT holds above it, the breakout structure built in September remains intact.

Key Levels on the Map

Upside levels:

• 0.5 Fib: ~$214 (+16%) — the first level to reclaim
• 0.382 Fib: ~$252 (+36%) — caps relief rallies
• 0.23 Fib: ~$298 (+61%) — where the breakdown began
• Rally peak: ~$373 (+101%)

Safety nets:

• Golden pocket: ~$167–$177 (−4% to −10%)
• 50-day SMA: ~$162 (−13%)
• 0.786 Fib and 100-day SMA: ~$112–$124 (−33% to −40%)
• 200-day SMA: ~$91 (−51%)

Momentum Has Cooled, Not Collapsed

The Relative Strength Index (RSI) registered extreme overbought readings during the spike to the peak. RSI is a momentum oscillator scored from 0 to 100, with readings above 70 conventionally labeled overbought and those below 30 oversold. The correction has since pulled the indicator back to about 46, a touch below its signal line near 50 and close to the neutral midpoint. The overstretched momentum that preceded the drop has largely been worked off.

Analysis Frames the Slide as a Reset, Not a Reversal

Coindoo's assessment characterized the slide from the peak as less a trend failure than a reset of a move that ran too far, too fast. The surge came on heavy volume and stretched the price far above its moving averages; with momentum now back near neutral, a return toward the rising 50-day SMA fits that picture. Buyers at the pocket are effectively treating the pullback as a discount within the new trend.

If the demand zone holds, the analysis argued, QNT could shift from a spike-and-slide pattern into a base built on higher lows.

The other reading is less forgiving: vertical spikes often retrace most of their gains, and so far the bounce amounts to a single green candle off the low.

What Bulls Need to See: Two Ways This Plays Out

The article outlined scenarios from the golden pocket, explicitly framed as scenarios rather than forecasts:

Setup: QNT sits just above the pocket, with the 50-day SMA as its last line of support.

Upside: If both boxes on the checklist get ticked, a rebound could first test the 0.5 Fib and then the 0.382 Fib.

Downside: If the deal-breaker is triggered before the end of October, a deeper retracement toward the 0.786 Fib and the 100-day SMA could follow.

Bigger Picture

The longer-term trend turned bullish during the rally, and the 100-day and 200-day SMAs still sit far below the price. Even the 0.786 zone is more than double the base from which the rally started, so that trend would only come into question on a slide toward the 200-day SMA.

This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

Source: Coindoo