Quant

Date: Tue, Nov 19, 2024, 03:46 PM GMThe cryptocurrency market has entered a bullish phase, with altcoins gaining significant momentum following a broader market rally that began on November 5, driven by the recent U.S. election results. Bitcoin (BTC) has reached a new all-time high of $93,434, fueling optimism across the market. Among the top-performing altcoins, Quant (QNT) has captured attention by posting over 40% gains in the past week, currently trading at $91.34 with a market capitalization surpassing $1 billion.<img src="https://coinsprobe.com/wp-content/uploads/2024/11/Quant-QNT-Price.png" /><h3 id="key-breakout-ahead">Key Breakout Ahead:</h3>The ongoing rally in Quant (QNT) brings it closer to a critical resistance level, setting the stage for a potential breakout.<h3 id="1h-chart-analysis">1H Chart Analysis</h3><img src="https://coinsprobe.com/wp-content/uploads/2024/11/QNTUSDT_2024-11-19_21-29-33.png" />Quant&#39;s hourly chart reveals an ascending triangle formation, a bullish continuation pattern, with a key breakout level at $95.5. The price is consolidating within this structure, forming higher lows and testing the upper resistance multiple times. A breakout above $95.5, accompanied by strong trading volume, could confirm the bullish sentiment and lead QNT toward its next target of $100–$108, as indicated by the measured move of the pattern.The RSI (Relative Strength Index) on the 1-hour chart remains neutral-to-bullish, suggesting that there is room for the price to rally without entering overbought territory. Traders should watch for volume spikes during the test of $95.5 to validate a breakout.<h4>1W Chart Analysis</h4><img src="https://coinsprobe.com/wp-content/uploads/2024/11/QNTUSDT_2024-11-19_21-29-40.png" />On the weekly timeframe, QNT has surged from the $60–$65 support zone, which has historically been a strong demand area. The current rally has brought the price near the $95.5 breakout zone, a significant resistance level that has previously acted as a barrier to upward movement.If QNT successfully breaks above $95.5 on the weekly chart, it could trigger a broader rally targeting the $140–$160 range. This move would represent a potential upside of over 53%. The weekly RSI has shifted into bullish territory, further strengthening the case for a sustained rally if the resistance is breached.<h3 id="strong-is-a-rally-on-horizon-strong">Is A Rally On Horizon?</h3>With $95.5 as the pivotal breakout level across both the hourly and weekly charts, Quant (QNT) is showing strong signs of bullish momentum. A decisive move above this level could unlock significant upside potential, targeting the $100–$108 range in the short term and $140–$160 in the longer term. However, failure to break this resistance could result in temporary consolidation or a pullback to the support zones.As always, traders should remain cautious and monitor market conditions closely, as unexpected changes in sentiment or macroeconomic factors could influence QNT&#39;s price action.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making investment decisions.Also Read: <a href="https://coinsprobe.com/quant-qnt-gains-bullish-momentum-ahead-of-key-breakout-is-a-rally-on-horizon/" rel="noopener noreferrer nofollow">Top AI Tokens RENDER and GRT Gains Bullish Momentum Following Key Breakouts: Is A Rally Ahead?</a>

Quant (QNT) Gains Bullish Momentum Ahead Of Key Breakout: Is A Rally On Horizon?

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