- QNT surged 7.42% in 24 hours, rising from $79.89 to a high near $90.
- Key resistance is near $90, with support now established around $80.
- Weekly chart suggests a breakout may mirror QNT’s 2021 price surge.
Quant (QNT) has seen a 7.42% increase in its price over the last 24 hours, reaching $87.18. The token rose from an intraday low of $79.89 and briefly touched levels near $90 before pulling back slightly. The move follows a period of low volatility and indicates growing interest as volume picked up in the last session.
The immediate resistance level lies around $90, which is acting as a ceiling for now. If the price closes above this zone, it could attract further buyers. The $80 mark now serves as a support level, following the recent bounce.
Measured Move Projection Points to Larger Upside
According to analyst TempusLibre, the weekly chart shows QNT has been consolidating in a horizontal range since its rapid rise in 2021. This range has defined the price between key support and resistance zones, with the market showing no clear trend for several months. The pattern indicates potential for a large move if the range is broken.
A measured move projection, based on the height of the range and past performance, has been used to estimate a possible upside. If the historical pattern repeats, analysts believe the next move could be similar in size to the 2021 rally. On this basis, the projected target could reach above $1,000,000, though such levels are theoretical and not guaranteed.
Market Watches for Breakout Confirmation
Despite the strong move, confirmation of a true breakout is still needed. A sustained move above $90 with increased volume could be seen as a signal that the trend is changing. Until then, traders remain cautious and are using $80 as a key support for risk management.
The crypto market has seen similar patterns in other assets, where a breakout leads to renewed momentum. QNT’s chart suggests that if a breakout does occur, the move could be sharp due to the length of the consolidation.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
