Quant (QNT) displayed signs of recovery on Thursday, August 13, 2026, as buyers held firm at a wedge support zone while futures volume and open interest climbed, signaling strengthening derivatives activity. Quant is the native token of the Overledger network, an enterprise-focused blockchain interoperability platform that enables communication across multiple distributed ledgers.

At the time of writing, QNT was trading at $58.22, up 1.23% over the past 24 hours. The token's 24-hour trading volume stood at $19.54 million, with a market capitalization of $702.94 million. Over the preceding seven days, QNT had declined 2.9%, according to CoinMarketCap.

Wedge Breakout Potential

Analyst Crypto With Gopal noted that QNT was forming a falling wedge pattern, with the token compressing between descending trendlines. Falling wedges are generally viewed by technical analysts as formations in which selling pressure diminishes as price consolidates, though not every such pattern resolves to the upside. Buyers were actively defending the $56.50–$57 area, which the analyst identified as a key support level within the current formation.

The wedge's upper trendline was highlighted as the primary breakout level to monitor. According to the analyst, a confirmed move above this trendline could strengthen upward momentum and potentially push QNT toward the $62–$63 target range. However, the pattern had not yet produced the required confirmation, leading the analyst to maintain a bullish outlook while stressing that a clear breakout remained necessary.

Cautious Counterpoint from MCO Global

Analyst MCO Global offered a more cautious perspective, observing that Quant had remained within a long-term range for an extended period, spending most of that time in its lower half as sellers repeatedly rejected recovery attempts.

MCO Global suggested that a pullback toward $55–$56 could produce another E-wave bounce within the triangle. Despite this possibility, the analyst continued to favor a bearish scenario. An alternative count would allow for a completed wave-four triangle followed by a fifth wave higher, but MCO Global stated that the recovery from the 2026 low was too weak to support that outlook. A move below $50 would fully invalidate the alternative count.

Rising Futures Activity

Data from CoinGlass showed a 30.72% increase in QNT futures volume to $15.41 million. Open interest rose 3.39% to $13.00 million, with the OI-weighted funding rate at 0.0100%. Rising open interest alongside increasing futures volume indicates that new capital is entering QNT derivatives positions rather than existing positions being closed, though this metric alone does not determine directional outcome. The slightly positive funding rate suggested that long positions were paying shorts to maintain leverage, reflecting a modest premium for bullish positioning at the time of measurement.

Total liquidations over the past 24 hours reached $809.31, with long liquidations accounting for $469.25 and short liquidations totaling $340.06. Long positions represented the larger share of total liquidations.

Technical Indicators

According to TradingView, the daily chart showed QNT trading below its Exponential Moving Averages (EMAs). The 20-day EMA stood at $60.36 and the 50-day EMA at $63.28, both above the current price of $58.22. Longer-term averages also sat above QNT, with the 100-day EMA at $66.19 and the 200-day EMA at $70.28, placing shorter-term averages below longer-term averages. This configuration, where all major EMAs stack above the spot price in descending order of timeframe, is typically associated with a sustained downtrend in technical analysis frameworks.

Bollinger Bands indicated QNT near the lower boundary. The middle band was at $60.39, with the upper band at $63.70 and the lower band at $57.08. QNT remained $5.48 below the upper band and $1.14 above the lower band. Price action near the lower Bollinger Band can reflect compressed volatility conditions, and the narrow band width relative to recent ranges suggested that a period of range-bound consolidation was underway.