The QNT chart shows a clean breakout from a pennant with strong activity forming above key support.
Traders saw a price spike of nearly 8 percent in hours following the pennant move confirmed on the chart.
Community interest in QNT has grown fast after price moved from $98 to $106 with further upside projected.
Quant (QNT) surged 8% within hours on May 27, 2025, as a bullish pennant breakout pattern triggered fresh upside momentum. The move pushed QNT from $98 to a high of $106, as shown on a 4-hour TradingView chart shared by World Of Charts. Market participants reacted quickly as the breakout aligned with a broader ascending triangle formation.
Source: X
According to the analysis, the recent price action validated the bullish setup that had been forming throughout the month. The breakout occurred above a downward sloping trendline that had previously capped upward moves. The sharp move from consolidation points to renewed buying interest and a shift in sentiment toward the upside.
The technical chart revealed a clear ascending support line that dates back to April, converging with a horizontal resistance near $98. With volume showing signs of increased activity, QNT moved decisively above the pennant's upper boundary.
Breakout Sparks Speculation of $130 Target
The Twitter post accompanying the chart projected that QNT is “moving towards targets” after achieving 8% gains and forecasted additional upside. Analysts behind the post anticipate further movement toward $130 following the confirmed breakout from the bullish pennant.
In the visual chart shared, the vertical distance of the breakout zone was marked as 7.97 points, representing a 7.99% gain. This rapid climb occurred shortly after the breakout, indicating strong conviction from market participants. Based on pattern analysis, such a move often leads to extended rallies if supported by volume and follow-through buying.
The chart’s highlighted resistance area lies near the $108 to $110 zone. If QNT closes consistently above this range, it may serve as a springboard toward $130. Price action at this level will be key in confirming strength or signalling short-term consolidation. The red zone from earlier accumulation below $70, marked on the chart, underscores the base from which this rally evolved.
Will Quant Sustain Its Momentum Toward $130?
The question on traders’ minds remains whether QNT can maintain momentum toward the forecasted $130 mark. Key resistance levels near $110 must be cleared with strong volume. Technical traders will likely watch for confirmation via candle closes and any divergence signals from momentum indicators.
In the current setup, the ascending triangle pattern and bullish pennant breakout appear to support continued upside. However, the sustainability of this move will depend on both technical confirmation and broader market dynamics.
The recent surge highlights growing speculative interest in Quant. With continued engagement and pattern validation, market participants will monitor if price aligns with projected targets.
