Quant Coin buyers are encouraged by Golden Crossover to reclaim the $155 barrier.

The format of an inverted head and shoulder pattern was visible on the CoinGabbar chart while looking at the price movement over the last seven months.

This bullish reversal, which frequently occurs after market bottoms, denotes a change in market sentiment from selling on rallies to purchasing on declines. Additionally, the coin purchasers recently broke through the neckline resistance of this pattern, providing coin holders with a chance for a comeback.

65.3% of the price of quants should increase parabolically within a month. The bullish crossover between the 50th and 200th EMAs is about to occur. The Quant's $32 Million intraday trading volume indicates a 6% gain.

The Quant price gave a tremendous breakout from the resistance trendline on September 27th, despite persistent uncertainty in the cryptocurrency market. The cryptocurrency purchasers attempted to maintain above the broken trendline and the $131 mark throughout the course of the next two days.

Further evidence that the buyers are receiving adequate support at this level comes from the reduced price rejection associated with these retest candles. As a result, the flipped support supported an 8.5% increase today, providing a continuation of the breakout of the chart pattern.

However, in a bullish condition, the predicted target for the H&S pattern is the distance between the neckline and the tip of the head at the same position. As a result, cryptocurrency should increase to the relatively nearby goal of $208.

On the other hand, the bullish thesis would be disproved if the coin price declined from the $155 resistance and fell below $131.

Technical Indicator

EMAs: An increase in the three most important EMAs (20, 50, and 100) denotes the beginning of a trend reversal. Furthermore, the imminent bullish crossover of the 50- and 200-day EMAs should increase purchasing pressure.

A price correction is required to support the coin prices, according to the RSI indicator, whose daily slope is relatively close to the overbought region.