Quant Price Analysis: Bulls Eye $200 as QNT Breaks Key Resistance

Among the last two months, Quant Token is the only crypto

that has achieved more than 100% increases in the top 100 weak cryptocurrencies.

Quant's weekly and three-month charts have also improved steadily. The coin has been on an uptrend for the previous four weeks, according to its weekly chart. The cryptocurrency has experienced significant volatility, yet it has been able to keep its gains. Given the recent drop in other cryptocurrencies, including Bitcoin, the pioneer crypto, this is quite impressive.

Quant token is trading above the psychological $200 level during a strong bullish trend. Thus, on the daily price chart, all key moving averages are below the current price of QNT, and the 20 DMA serves as an immediate support level.

On Monday, Quant (QNT) prices increased for a fifth day, hovering over a ten-month high. Today's session saw the currency achieve a new all-time high of $208, the first time since February 8. The QNT/USD pair touched a high of $194.70 earlier in the trading session. This placed the coin's price within $8 of the previously stated all-time highs.

The recent rally in the QNT's price has resulted in gains for many of its holders. So far, the price movement has formed a high-high and a high-low price structure. The bears are far from the QNT coin, and they continue to ignore the crypto's selloff, despite the fact that it is in a retracement phase. This incredible gain is influencing new investors on a daily basis, as seen by the growth in trading volume.

Apart from the ups and downs, QNT has finally passed through the resistance and is holding above all of the EMAs. After six months of struggle, the bulls have successfully beaten the bears and shown huge potential. Buyers are now continuing to push the price up to the next level and taking full control, while sellers are scared.

On the 4-hour chart, the price is breaking the bullish flag pattern, and trading above the rising upward channel. Furthermore, the cup and handle configuration resulted in a powerful breakout and a trend reversal.

According to CoinGabbar Analysis, the market capitalization of this QNT is expected to be $2,437,505,273. The coin's 24-hour trading volume is around $126,390,805. QNT market value has increased by 11.00%. However, trade volume decreased by 21.37% during intraday trading.

On the upside, an immediate resistance level is at $210. The first major resistance is at $215, after which the price might continue to increase rapidly. In the aforementioned scenario, it may reach $220. Any more increases might raise the price to $230. Above $240, the price might soon hit $260-$270.

If QNT fails to cross the immediate resistance of $210. Then on the downside, an immediate support level is around $198 If the price falls below $194, it might fall below the $186 support zone or perhaps $178 in the next sessions.

KEY LEVELS :

RESISTANCE LEVEL : $210-$220

SUPPORT LEVEL :$195-$186

QNT is approaching the goal of the Cup and Handle pattern after breaking out of the rising parallel channel line with heavy volume and a psychological threshold of $200. Have you noticed the chart's mind-blowing rally?