Quant crypto price continued its rally on Saturday, reaching to its highest point 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 done well after the company revealed its deal with Xero, a company valued at over $13 billion. In it, the company noted that UK customers are now able to use Quant Flow to automate their financial transactions, such as tax filing. Users can now use this technology for £1 month.
Quant Flow is now helping to boost mass adoption of the crypto technology. It can also help Xero customers handle other tasks like payrolls 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 of the use cases are in industries like CBDCs and tokenized securities.
QNT price has also done well after the developers made the case for QuantNet, which it described as the missing layer in tokenized finance. It believe that QuantNet is important as it connects key aspects like tokenized money, assets, and payment systems through one orchestration layer.
All these events explain why there is an ongoing accumulation of the Quant token. Nansen data reveals that the supply of QNT tokens in exchanges has continued falling 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 started after it formed a double-bottom pattern at $68. It is now hovering at this neckline at $97, which is also along the 38.2% Fibonacci Retracement level.
Quant price has moved aboe 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 point to more gains, potentially to the psychological point at $110. A drop below the support at $88 will invalidate the bullish Quant forecast.
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