- Quant broke a key pattern, showing strong buyer control and potential for major gains in the coming weeks.
- Fibonacci levels and a clear support zone signal upward momentum as QNT moves toward its identified targets.
- Key price levels at $154.7 and $182.3 may pave the way for Quant’s climb back to its previous highs near $218.
Quant (QNT) has broken out of a descending wedge pattern, signaling strong bullish potential according to analyst Rose Premium. The move comes as buyers regained control, pushing the price above a critical support zone at $105. This breakout has attracted traders’ attention due to its clear price structure and potential targets.
Technical Setup Highlights Fibonacci Levels
The descending wedge breakout marks a pivotal moment for Quant, as it often signals the end of a downtrend. Rose Premium highlighted the importance of the support zone, which aligns with the 0.618 Fibonacci retracement level, commonly called the golden pocket. This level often acts as a foundation for price recovery and signals strong buying interest.
The chart also shows the 0.786 retracement, which could serve as additional confirmation of strength in Quant’s bullish setup. These Fibonacci levels are critical as they often mark areas where price corrections stabilize before continuing the prevailing trend. Quant’s ability to hold the support zone has increased optimism among market participants about its short-term trajectory.
Targets Signal Potential Upside for QNT
The analyst identified three price targets that could define the next phase of Quant’s upward movement. The first target at $154.7 marks the immediate resistance level following the breakout. A move above this level could strengthen buyers’ confidence and attract more attention to QNT.
The second target is $182.3, which coincides with another significant retracement level. This area is likely to face increased selling pressure as it represents a key resistance zone. Overcoming this level would signal sustained momentum and could pave the way for higher prices.
The final target of $218.1 is a major milestone and reflects Quant’s potential to return to previous highs. Reaching this level would be a significant achievement for the cryptocurrency and could attract even more investor interest.
Momentum in a Shifting Market
Quant’s breakout comes as the cryptocurrency market experiences renewed interest from traders and investors. The clear technical structure of this setup and the defined price targets make QNT a focal point for market participants. With this move, many traders are now asking if Quant can sustain its momentum and meet its ambitious targets.
