๐ ๐ค๐ก๐ง ๐๐ฎ๐ถ๐ป๐ ๐ด% ๐ฎ๐ ๐๐๐น๐น๐ถ๐๐ต ๐ฃ๐ฒ๐ป๐ป๐ฎ๐ป๐ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐๐ $๐ญ๐ฏ๐ฌ ๐ถ๐ป ๐ ๐ฎ๐ ๐ฎ๐ฌ๐ฎ๐ฑ
โฌ๏ธ QNT Breaks Out From Bullish Pennant
Quant (QNT) surged 8% in hours, rising from $98 to $106 on May 27, after breaking out of a bullish pennant pattern. The move confirms a chart structure tracked since April, forming above strong ascending support.
โฌ๏ธ Chart Confirms Reversal Setup
According to World Of Charts, the breakout occurred above a downward trendline that had capped previous upside attempts.
โ๏ธ 4H chart shows a clean pennant breakout
โ๏ธ Volume increased post-breakoutโsignaling conviction
โ๏ธ Formation aligns with an ascending triangle structure
โฌ๏ธ Traders Eye $130 as Next Target
With a breakout gain of ~7.99%, analysts suggest QNT could be "moving towards $130", assuming it sustains momentum above the $108โ$110 resistance zone.
If that zone flips into support, $130 becomes a realistic target based on pattern projection.
โฌ๏ธ Strong Base Below $70 Now a Launchpad
The rally builds off accumulation levels below $70, forming a long-term base that supports the recent bullish move.
QNT has reclaimed the $100 pivot decisively, now trading in a breakout zone with eyes on further gains.
โฌ๏ธ Can the Momentum Hold?
Key signs to watch:
โ Candle closes above $110
โ RSI or MACD divergence signals
โ Volume confirmation on next leg up
โ Conclusion:
Quant is showing classic signs of a technical reversal with bullish continuation in play.
If $110 is breached with volume, the move to $130+ could happen faster than expected.