The broader market was also under pressure, with Nasdaq futures down 0.92% and S&P 500 futures off 0.03%. Investors are now weighing whether D-Wave can extend its recent momentum after Monday’s sharp, catalyst-driven advance.AT&T Agreement Sparked Recent RallyD-Wave’s rally followed an agreement with AT&T Inc. (NYSE:T) to expand quantum computing across its network operations.Quantum stocks rose Monday despite the Nasdaq falling 1.09% and the technology sector declining 2.18%, underscoring the group’s momentum-driven trading.Critical Levels To Watch For QBTS StockFrom a trend perspective, QBTS is still trying to repair damage from earlier in the year: it’s trading 3.3% below its 20-day SMA ($19.68) and 16.2% below its 50-day SMA ($22.71).The longer-term backdrop also remains heavy, with the 50-day SMA below the 200-day SMA (a death cross that occurred in March), which often means rallies can face supply until price reclaims key averages.Momentum looks more “reset” than “extended,” with RSI at 48.66, a neutral reading that suggests the move is more about a bounce attempt than an overbought breakout.Key levels to watch are straightforward given where the moving averages sit overhead and where buyers previously defended the tape: