---
title: "Quant price rises as Oracle announces partnership, CEX balances dip"
url: https://diffcoin.com/quant-price-rises-as-oracle-announces-partnership-cex-balances-dip/
description: "Quant price jumped after Oracle launched a solution using its technology and as balances on exchanges dropped"
published: 2025-02-13
updated: 2025-02-13
author: "Mila"
site: "Diffcoin"
---

# Quant price rises as Oracle announces partnership, CEX balances dip

Quant, the popular cryptocurrency project in the real-world asset tokenization industry, continued its recovery on Thursday.

Quant (QNT) token rose to an intraday high of $97.40, its highest level since February 2nd and 30% above its lowest swing this month.

The token jumped after Oracle, the 19th-biggest company globally, unveiled its Oracle Blockchain Platform Digital Assets Edition. OBP DA is a new enterprise-grade solution designed to help partners build and deploy digital assets.

It simplifies the tokenization efforts by combining a bank-grade distributed ledger infrastructure with smart contracts. The platform is built using Quant’s Overledger technology, which enables cross-ledger operations and workflows.

Overledger is often seen as a better and more advanced alternative to Chainlink (LINK) Cross-Chain Interoperability Protocol or CCIP. It enables the OBP DA to ensure atomic settlement with immediate finality and bridge the gap between blockchains.

This is a significant partnership because it showcases Quant’s technology on a large scale. Its success may also push more companies and organizations to embrace its technology.

Quant token also jumped as a user long-term Chainlink holder swapped his LINK tokens for Quant, a sign that he expects it to do well over time.

> 🧿💥 [$QNT](https://twitter.com/search?q=%24QNT&src=ctag&ref_src=twsrc%5Etfw) I’ve never had a problem with LINK as a project but some of their holders are very deluded.
> 
> Maybe not this holder.
> 
> Sold 3789k LINK and subsequently purchased 721 QNT.
> 
> It is what it is. [pic.twitter.com/svIbVCj6ie](https://t.co/svIbVCj6ie)
> 
> — Mind Crypto 🍥 (@MindCrypto_) [February 13, 2025](https://twitter.com/MindCrypto_/status/1889949851833737657?ref_src=twsrc%5Etfw)

Meanwhile, Quant balances on centralized exchanges continued falling, a sign that holders are not dumping. CoinGlass shows that there are 946,000 QNT tokens on exchanges, down from last year’s high of 1.08 million tokens.

## Quant price technical analysis

![Quant price](https://crypto.news/app/uploads/2025/02/Quant-Price.png)

QNT chart | Source: Crypto.news

The daily chart reveals that the QNT price soared to a high of $171.3 in 2024 and retreated to a low of $72.54 last week. It has bounced back and retested the crucial resistance at $95.57, the 61.8% Fibonacci Retracement level and its lowest swing in December and January. This is a sign that it has formed a break-and-retest pattern, a popular continuation sign.

Quant has also remained below the 50-day and 200-day moving averages and the Ichimoku cloud indicators. Therefore, while Quant has strong technicals, there is a likelihood that it will resume the downtrend, and possibly retest the support at $72.55.

[Source link](https://crypto.news/quant-price-rises-as-oracle-announces-partnership-cex-balances-dip/)