The Quant crypto price continued its rally on Saturday, reaching its highest level in over a month. QNT token jumped after the developers announced a major integration with Xero, one of the top accounting companies. It has now soared by ~40% from its lowest point this year.
Quant Unveils Partnership With Xero
QNT price has risen after the company announced a deal with Xero, a company valued at over $13 billion. In it, the company noted that UK customers can now use Quant Flow to automate their financial transactions, including tax filing. Users can now use this technology for £1 a month.
Quant Flow is now helping boost the mass adoption of crypto technology. It can also help Xero customers handle other tasks, such as payroll and tax, invoices, and payments.
Quant Network has also announced other major deals this year. The most notable one was a partnership with Oracle to launch the Blockchain Platform Digital Assets Edition (OBP DA).
This service helps Oracle to build solutions that enable secure, interoperable digital asset infrastructure for companies. Some use cases are in industries such as CBDCs and tokenized securities.
QNT price has also done well after the developers made the case for QuantNet, which they described as the missing layer in tokenized finance. They believe that QuantNet is important because it connects key aspects such as tokenized money, assets, and payment systems through a single orchestration layer.
All these events explain why the Quant token is accumulating. Nansen data shows that the supply of QNT tokens on exchanges has continued to fall this year. There are now 3.07 million tokens, down from this month’s high of 3.31 million tokens.
Quant Crypto Price Technical Analysis
The 12-hour chart shows that the QNT crypto price has rebounded in the past few weeks. This rebound began after it formed a double bottom at $68. It is now hovering at this neckline at $97, which also aligns with the 38.2% Fibonacci Retracement level.
Quant price has moved above the strong pivot point of the Murrey Math Lines tool. It also soared above the 50-period and 100-period exponential moving averages.
Therefore, the most likely Quant price forecast is bullish, with the next target being the overbought point at $106.25. A move above that level will signal further gains, potentially to the psychological level at $110. A drop below the $88 support level will invalidate the bullish Quant forecast.
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