Quant Price Near $200 Tests Resistance as Open Interest Falls

QNT approaches descending resistance near $197 after a recovery that has not restored September’s trading volume. Futures open interest fell approximately 24% between October 26 and 30, indicating a substantial reduction in outstanding exposure. Quant’s banking-infrastructure progress provides a fundamental backdrop, but its effect on QNT token demand remains uncertain. Quant (QNT) approached $200 on October 31 after a volatile week in which derivatives traders reduced outstanding exposure even as the token recovered from its lows. The divergence raises doubts about whether the latest advance represents sustained accumulation or a rebound following position closures.

Source: ETHNews