QNT price analysis: Quant rallies 7% in 24 hours as price eyes breakout above $90.

  • 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.

image 392
Source: CoinMarketCap

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.

image 393
Quant 1W Price Chart Source: X

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.

Hot this week

FTX Chainlink Transfer Moves $768K LINK to Coinbase Prime

$768K worth of LINK moved to Coinbase Prime. Transfer originated...

Polygon Ecosystem Gains Momentum With Mastercard AI Payments

Polygon Ecosystem continues to demonstrate strong builder engagement, with...

Solana Price Targets $780 While RWA Value Reaches $2.7B

Solana RWA value reached a record $2.7 billion. Analysts project...

XRP Could Gain DeFi Boost Through Midnight, Hoskinson Says

XRP could gain DeFi access through Cardano's Midnight network. Hoskinson...

Dogecoin Whales Accumulate 200M DOGE Near Key Support

Whales accumulated over 200 million DOGE in one week. Dogecoin...

Topics

FTX Chainlink Transfer Moves $768K LINK to Coinbase Prime

$768K worth of LINK moved to Coinbase Prime. Transfer originated...

Polygon Ecosystem Gains Momentum With Mastercard AI Payments

Polygon Ecosystem continues to demonstrate strong builder engagement, with...

Solana Price Targets $780 While RWA Value Reaches $2.7B

Solana RWA value reached a record $2.7 billion. Analysts project...

XRP Could Gain DeFi Boost Through Midnight, Hoskinson Says

XRP could gain DeFi access through Cardano's Midnight network. Hoskinson...

Dogecoin Whales Accumulate 200M DOGE Near Key Support

Whales accumulated over 200 million DOGE in one week. Dogecoin...

Ethereum Whales Buy $122M ETH as Price Tests Key Support

Three whale wallets withdrew $122.29 million worth of ETH. Ethereum...

Bitcoin Whales Buy $60K Dip as Retail Adds 0.36% More BTC

Retail Bitcoin wallets increased holdings by 0.36% in two...

Stellar Launches Quantum Safe Blockchain Upgrade Plan

Stellar launched a Quantum Preparedness Plan through 2027. Users can...
spot_img

Related Articles

Popular Categories

spot_imgspot_img