#QNT Regains Momentum: Confirmation of Breakout from Descending Wedge Pattern
$QNT has successfully broken out of the descending wedge pattern, which is a traditional bullish reversal pattern. The price has re-tested the breakout area between $80 and $85, confirming its shift from a resistance level to a support level.
With the current bullish momentum, QNT is trading around $96, and holding above this area enhances the chances of the next rise.
🎯 Target Levels:
$120.49
$147.01
$172.50
Stop Loss $79
As long as the price remains above the breakout pattern, the bullish trend remains intact. Pullbacks in the $90-$92 range may provide new entry points before continuing.