Quant (QNT) Price Creates Bullish Pattern at $100 Support — Breakout May Spark 120% Rally

Key Takeaways

• Quant (QNT) broke out from a long-term resistance trend line.
• The QNT price reclaimed the minor horizontal support at $100.
• Can QNT build on its momentum and break its 2024 highs?

After struggling for all of 2023 and 2024, the QNT price finally started a bullish rally in November 2024, gaining nearly 200% in slightly over a month and reaching its yearly high in December.

The increase also caused a breakout from a resistance trend line that had been in place for over two years.

While 2025 has not been as kind, the price still trades above its breakout level, making it possible that the dip is simply a retest.

The question now is whether QNT can regain its footing and increase in 2025 or if it has already reached its peak. Let’s find out.

QNT Price Breaks Out

The weekly time frame chart shows that QNT has traded under a descending resistance trend line since October 2022.

After four unsuccessful breakout attempts (black icons), QNT finally moved above it in November 2024, reaching a new yearly high of $171.7.

Even though the QNT price has fallen since, it validated the resistance trend line as support (white icon), a common movement after breakouts.

The price has hovered above the trend line since, trading without much volatility.

The main resistance area is at $160. A breakout above this level could propel the QNT price to the next resistance at $225.

Technical indicators do not confirm the trend’s direction, though they are leaning bullish.

This is because the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are above their bullish thresholds at 50 and 0, respectively.

However, the bullish trend is doubtful since the indicators both trend downward.

Therefore, the weekly time frame is insufficient for determining the direction of future trends. A lower time frame is needed.

Quant Reclaims Support

The daily time frame gives a more bullish analysis. The Quant price has created a triple bottom pattern (white icons) at the $100 horizontal support area. The third bottom caused a deviation below the support level, considered a bullish development, since QNT has reclaimed the area.

Additionally, the MACD generated a bullish divergence during the pattern, though the RSI did not. The latter would have been a stronger sign for a bullish trend reversal.

Both the price and RSI are following descending resistance trend lines. An RSI breakout often precedes a price breakout, so if that were to happen, the QNT price would likely clear its resistance.

In that case, the next horizontal resistance will be at $145.

The wave count supports this bullish QNT prediction. It shows that the price has completed wave four in a five-wave upward movement; Wave four ended with the $95.8 low on Jan. 28, validating the resistance trend line of an ascending parallel channel that connects waves one and two.

If the count is accurate, the QNT price has just begun the fifth and final wave of its increase.

The first upward movement target is $222, created by the 1.61 external Fibonacci retracement of wave four. The target also coincides with the long-term resistance from the first section.

So, while the weekly time frame chart is undetermined, the daily one suggests the QNT trend is bullish, and the price will begin an upward movement soon.

Final QNT Rally

The QNT price has struggled to sustain its upward movement since breaking out from a long-term descending resistance trend line.

However, the price created a bullish pattern, reclaimed a minor horizontal support level, and showed some bullish signs that could lead to an upward movement.

A breakout from the short-term resistance will confirm the beginning of this upward movement.