Quant eyes $146 as inverse H&S breakout fuels bullish reversal hopes

Quant (QNT) Showing Bullish Reversal Signals as Fusion Upgrade Nears

Quant (QNT), the blockchain interoperability platform, is displaying early signs of a bullish reversal, with a potential inverse head and shoulders pattern forming on the chart. The recent price surge has pushed QNT nearly 80% above its year-to-date low, showcasing renewed investor interest in the project.

According to data from crypto.news, QNT jumped over 10% in the past 24 hours, reaching an intraday high of $106.67 on May 27. This move pushed its market cap to around $1.55 billion, as daily trading volume shot up by more than 200% to over $50 million. Additionally, open interest spiked 43% to $22.9 million, its highest level since February, hinting at strong speculative activity.

The recent momentum followed an announcement from CEO Gilbert Verdian, who revealed that Overledger Fusion will begin rolling out in June 2025. The new upgrade, described as a "Layer 2.5" network, introduces multi-chain rollups, secure cross-chain smart contracts, and improved privacy tools—all aimed at helping blockchains work more smoothly with enterprise systems and DeFi applications.

Quant's goal is to address major pain points slowing institutional adoption of public blockchains, including compliance risks, data privacy concerns, and poor scalability. By enabling smoother asset and data movement between private and public chains, Fusion could appeal to banks, fintech firms, and other organizations exploring blockchain integration.

Adding to the bullish case, Santiment data shows daily active addresses on the Quant network surged 47% over the past day, signaling rising user activity. From a technical standpoint, QNT printed a bullish engulfing candle on Monday, confirming a breakout from the inverse head and shoulders pattern on the daily chart.

If the breakout holds, the pattern projects a potential 42.3% upside from the neckline around $102, placing the price target near $146. This aligns with the 78.6% Fibonacci retracement level, reinforcing that target. However, resistance zones at $114 and $127 could act as minor hurdles during the climb.

Overall, the upcoming Fusion upgrade and technical signals suggest a strengthening bullish trend for Quant (QNT), which could attract further institutional and retail attention in the coming months.