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Altcoins & DeFi

Quant won The Clearing House deal – Will QNT slip below THIS?

Image: AMBCrypto

Quant [QNT] has shed nearly 25% over the past month, after rallying nearly 534% in the second half of September. The rally reached its zenith after news that The Clearing House, a payments company owned by a group of the world's largest commercial banks, selected Quant to provide interoperability to its On-Chain Money Initiative. The deal also reinforced the altcoin network's place in the institutional real-world asset tokenization trend. Meanwhile, QNT broke below a Symmetrical Triangle on the four-hour chart earlier this week. The breakdown pushed the token toward the $178 demand zone. The role of the QNT token is unclear in The Clearing House's plans for utilizing the Quant network technology. However, sentiment around QNT crypto remained positive. Is Quant crypto's weekly trend still bullish?

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