At a Glance ($QNT) Crypto is showing signs of significant bullish momentum, with technical analysis indicating a potential breakout, according to analyst ViproSetr. The cryptocurrency has completed a harmonic pattern and is bouncing off key support zones, suggesting the start of a sustained rally.
“QNT has just completed a harmonic pattern and is bouncing off key support zones.” wrote viprosetr.
The Fibonacci levels highlight $148.1, $187.1 and $223.3 as critical resistance targets for $QNT, with the possibility of an explosive move above $223.3.
ViproSetr highlights that the recent damage has created a profitable buying opportunity for Quant. Harmonic Pattern, a recognized indicator of trend reversals, was confirmed as $QNT bouncing off the $95 to $100 support zone, coinciding with the 0.786 Fibonacci retracement level.
This key support level has historically acted as a launching pad for upward moves, making the current setup especially compelling for traders.
Support and resistance levels are critical to price action
From the chart analysis, there are several support and resistance levels that have been identified as clues for the next $QNT trend. The $95-$100 level is considered a key support level that prevents the price from falling and indicates a price range.
At the same time, the price ranges from $113 to $117 as a short-term support level that holds the price during temporary pullbacks throughout the day.
As for resistance, $148.1 is the main level that traders should focus on. This is the first significant level since the beginning of the year and coincides with the 0.236 Fibonacci level. The next major level at $187.1, which represents the 0.382 Fibonacci extension, will become the focus once this resistance is broken.
Ultimately, $223.3 serves as both a psychological and technical level, with ViproSetr indicating that a break above this level could lead to further price gains.
The breakout from the descending channel also confirms the bullish sentiment for Crec Crypto. This pattern change indicates that buyers are regaining confidence. More strength gradually increases, which can lead to steady advancement.
Quantum-crypto-price analysis and market rate
Official crypto market indicators over the past 24 hours show that confidence is rising among investors. As of this writing, the token is hovering around $116.94, up 2.84%.
The coin is fluctuating between $114.10 and $117.00, which can only suggest that buyers are back in the game.
Quant’s market capitalization also rose to $1.41 billion. This is a change of 2.84%, showing that many investors are still confident in the quant.
However, trading volume remains quite high as 24-hour trading volume fell 17.81% to $29.3 million. USA. However, rising prices over the past few days indicate good demand and resilient prospects.
At the time of writing this, 81% of the total supply of quantum is in circulation, making it a low-income asset. This scarcity factor can feed into higher prices during the run of the bull, increasing the impact of positive market sentiment.
Bullish and bearish views on QNT
If the bulls break past the first resistance at $117, $QNT could rise to $120, an important psychological level.
However, strengthening momentum and higher trading volumes are expected to fuel further growth. Price levels of $148.1 and $187.1 as key intermediate targets. If the price touches and breaks at $223.3, it could cause the huge rally that Viproseter pointed out.
Down, a break below $114 could see a return at $110. A further reduction in trading volume could weaken the buyer’s interest and lead to support and resistance within the lower range.
