Quant (QNT) experienced a significant rally, with its price rising from an opening of $64 to a close of $286.64 last week, marking a gain of approximately 350%. The surge followed a September 24 announcement that The Clearing House selected Quant to support tokenized deposit settlement for 25 major US banks. Despite reaching a high of $373, the asset corrected to $284.30, with the weekly RSI currently at 86.
Bitway (BTW) is trading near its record high of $1.35 within a broadening megaphone formation. Analysts identify potential price targets at $1.69 and $2.14 based on Fibonacci extensions. However, the asset shows bearish divergence on the RSI and declining trading volume since August, which may signal a loss of momentum. Support levels are identified near $0.80 and $0.50.
Sui (SUI) saw price growth following the launch of the Hashi protocol, which enables the use of Bitcoin as collateral on the network. After reaching the 0.786 Fibonacci retracement level at $1.25, the price pulled back to $1.20. A correction toward the $1.12 support level is considered likely. The upcoming Sui Basecamp event in Singapore, set for October 7 and 8, is noted as a potential catalyst.
Market analysts observe that while QNT, BTW, and SUI have shown strong weekly gains of 307%, 78%, and 30% respectively, indicators such as overbought RSI readings and fading volume suggest potential testing of support levels in the first week of October. Each asset faces specific technical hurdles as they navigate current market conditions.
