The cryptocurrency market is heating up again! After weeks of corrections, altcoins are gaining momentum, and Celestia (TIA) has already taken the first step, registering a strong breakout. Will Quant (QNT) follow suit? If you enjoy strategic analysis, like this post and follow the details!
Celestia (TIA) confirms breakout and could rise further
Celestia (TIA) has successfully broken out of a falling wedge pattern, signaling a potential bearish trend reversal. After testing support at the $2.35 area, the price surged and broke above the resistance line. At the time of writing, $TIA is trading around $3.30 and could retest the breakout zone before continuing higher.
If the momentum continues, the next crucial target is the 25-day Simple Moving Average (SMA) at $3.41. A break above this level could take the price towards resistances at $4.54 and $5.70, representing a potential upside of 77% from the current price!
Is Quant (QNT) Ready for a Breakout?
While TIA has already confirmed its move, Quant (QNT) is following a similar pattern and could be on the verge of breaking out. The token is inside a descending wedge and is approaching a crucial resistance level. After bouncing off the support at $73, $QNT is now testing the upper boundary of the pattern.
The price is currently hovering around $98. If it can break and consolidate above this resistance, $QNT 's next target will be $123, which would represent a 27% gain from its current price!
What to expect?
As Bitcoin’s dominance begins to weaken, altcoins are gaining traction. TIA has already started its rally and could continue its rally if it holds support. QNT, on the other hand, is on the verge of defining its direction — a confirmed breakout could boost the price quickly.
What do you think? Will QNT follow TIA's lead and confirm a breakup? Leave your opinion in the comments and share this post!
Source: CoinsProbe
Disclaimer: This content is not investment advice. Please do your own research and be fully informed before making any decisions.