§QNT rebounded after twice finding buyers above the midpoint of its rally. The 20-period average rejected the recovery on the 4-hour chart. The rally began when The Clearing House selected Qu
Quant (QNT) traded at $258.94 on October 3, up 8.71% in 24 hours and 145% over seven days, after a pullback that erased almost a third of its value from the September 27 peak of $371.62. The rally started on September 24, when The Clearing House, the payments company owned by 25 of the largest US financial institutions, selected Quant to supply the technology for its On-Chain Money Initiative. Since then the token has reached Solana and a founder-linked wallet has moved coins for the first time in seven years.
Price $258.94 24 hours +8.71% 7 days +145.12% Market cap $3.12B 24h volume $375.46MOn October 2 the token fell to about $225 twice on the 4-hour chart, once in the morning and again late in the session. Both times buyers stepped in before the price reached $221.46, the halfway point of the advance from $71.30 to $371.62. The rebound that followed carried QNT to $270. It stalled there.
QNT/USDT, 4-hour chart. Source: TradingView, Alexander Stefanov
The 20-period moving average, now at $267.51 and tilting slightly lower, turned the price back, and the current candle sits on $256.90, the 38.2% retracement that served as a floor from September 28 until October 1. In practical terms QNT is boxed between a ceiling near $267 and a floor near $221, a band about 17% wide.
$371.62September 27 peak $300.7523.6% retracement, capped the September 30 rebound $267.5120-period average, rejected price on October 3 $258.94 current price, sitting on the 38.2% retracement at $256.90 $221.4650% retracement, defended twice on October 2 $219.7250-period average, rising $186.0261.8% retracement, September 27 pause zoneThe 50-period average has climbed to $219.72 from $206.61 a day earlier and sits within $2 of the 50% retracement. When a rising average and a retracement line converge, buy orders from traders who follow either one cluster at the same price. That makes the zone harder to break, and it makes a break more significant if one comes. Below it the next reference is $186.02, where QNT paused for most of September 27 before its final surge.
Overhead, $300.75 remains the level to beat. QNT pushed through it on September 30, reached about $325 and could not hold the gain, leaving a lower high beneath the $371.62 peak.
The relative strength index stands at 53.17 and has crossed above its own average of 52.22 for the first time since the end of September. During the rally it stayed above 80 for the better part of three days. The overheated condition has therefore cleared while the price kept roughly two thirds of its gains, which leaves momentum neutral.
Volume tells a quieter story. The 4-hour bars are the smallest since the breakout, and 24-hour turnover dropped to $375.46 million from about $465 million a day earlier, still equal to 12% of market value.
Social media posts turned the news into “25 banks picked Quant”. One company made the choice. The Clearing House unveiled the initiative on June 5 with supporting statements from 17 institutions, including JPMorgan, Citi and Wells Fargo, and the figure 25 refers to its owners.
Quant will supply the interoperability layer and handle transaction orchestration. Tokenized deposits today stay inside the bank that issues them. The planned network lets a token sent from one bank arrive as a matching deposit at another, with the interbank obligation settling over RTP and CHIPS, rails through which The Clearing House moves more than $2 trillion a day.
Neither party has said that banks must buy, stake or pay fees in QNT. The contract value is undisclosed. The price reaction rests on what traders expect the mandate to mean for the token.
On-chain monitor Lookonchain flagged the transfer on September 30. An address linked to founder Gilbert Verdian, dormant for about seven years, sent 25,776 QNT worth $6.97 million to a newly created wallet. No exchange deposit has been identified, so the move does not establish a sale. The original address still holds about 600,000 QNT, close to 5% of the supply implied by the current market cap.
Quant Network founder wallet 0x48E9 moved 25,776 $QNT($6.97M) to new wallets after 7 years of inactivity.
The wallet still holds 600,000 $QNT($160.39M).https://t.co/XS5kQf1yGfpic.twitter.com/2jZWZ6Jdub
— Lookonchain (@lookonchain) September 30, 2026
A day later QNT became tradable on Solana through Sunrise, with Raydium as the venue. The Ethereum contract stays in place, and Quant’s institutional products do not run on Solana.
A close above the 20-period average would put $300.75 back in play and break the sequence of lower highs. A close under $221 would remove the double support and expose $186.02, a further 16% lower. Until one of those happens the token trades inside the range, and any transfer from the founder-linked address to an exchange would be the first on-chain sign of selling.
The banking timeline is much slower than the chart. The Clearing House expects the network to open to participating institutions in the first half of 2027, and Quant plans to offer its Tokenised Deposits-as-a-Service product to US institutions that process through The Clearing House without tokenization capability of their own, which would bring regional and mid-sized banks into the system.
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