- Quant Token is trading higher after a bullish breakout.
- Recently, QNT price moved above a symmetrical triangle pattern on the hourly chart.
- On the daily price scale, the important moving average remains below the current price.
Quant Token begins a fresh war between the bulls and the bears, with the bulls now leading the way. Quant is outperforming the bearish bitcoin market mood. The harsh reality is that QNT investors are benefiting from a price increase while the rest of the market is stuck with other cryptocurrencies. This positive price movement entices investors to open additional long positions in the QNT.
Quant Crypto in 4 Hours chart
In the 4 hours time frame, the Quant token is looking intensely bullish due to higher-lows and higher-highs price trends. Before recent rapid gain, the QNT price was fluctuating under the symmetrical triangle pattern-clear bullish indicator amid uptrend. As a result last night buyers completed the consolidation phase and again took the dominance in their hands.
At the time of writing, Quant token is trading at $156.8 mark at the time of writing along with 5.3% morning intraday gain. After yesterday’s instance move, bulls are still observing aggressive buying. This buying pressure will be good for Quant token to flip resistance zone into immediate support.
Quant Token on Daily Chart
The market cap of the Quant token rose by 12.4% to $1.89 billion overnight after a sharp breakout of the symmetrical triangle pattern. Thus far the weekly profit is seen at 21.6%. Bulls are expecting higher upside in QNT as the price stays above important moving averages like 20, 50, 100 and 200 in terms of daily price scale.
The trading volume is increasing along with the uptrend and is suggesting buyer interest. Notably, trading volume increased by 255% overnight. Moreover, the RSI indicator successfully expanded above the bullish trend line along with the semi-circle. Now the daily RSI is remaining in the overbought zone, in favor of the buyers.
Conclusion
Quant coin price is going to avoid the $150 to $160 resistance area with massive trading volume. The bulls are still looking at aggressive buying as they maintain the important moving average above. This buying pressure for Quant would be good to convert the resistance area into immediate support.
Support level – $130 and $100
Resistance level – $160 and $200
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/10/09/quant-price-prediction-qnt-has-broken-the-triangle-pattern-next-aim-200-level/