The post QNT Price Analysis: Is $200 the Next Target for Quant? appeared first on Coinpedia Fintech News
As one of the top-performing altcoins in the crypto market over the past 24 hours, Quant price has increased by nearly 10%. Crossing above the billion-dollar market cap, the QNT price currently trades at about $90.
With a new bull cycle at play, let’s find out the QNT price targets if a breakout rally crosses the $100 mark.
QNT Price Analysis
As the bullish trend gains momentum, the weekly chart shows a falling wedge pattern. Within the pattern, the bull run is starting a cycle with three consecutive green candles. The recovery rally accounts for a price jump of nearly 60% in two weeks and is now trading close to the $90 mark.
Tradingview
The recovery run has exceeded the 50-week EMA line and is heading toward the $100 psychological mark. Furthermore, the positive cycle takes a double-bottom reversal from the support trendline and breaks the neckline at $75.
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