Quant The price has broken through its downward channel, indicating that after several weeks of correction, the trend may reverse.
The price range around $225 is quite important; if it can continue to rise, it may open up space above $300, whereas if it fails, it could fall below $200.
After breaking through the downward channel that defined its recent correction trend, the price of Quant ( QNT ) is showing signs of recovery. As buying pressure pushed it above the bearish threshold, the token has risen by over 20% in the past 24 hours, reaching $216.33. Technical analysis also supports a bullish narrative, as the token has returned to the price range where there was previously significant trading activity. Therefore, this trend raises an important question: Does this indicate the beginning of a larger-scale rebound, or is QNT merely experiencing a short-term rebound after a significant correction?
Technical indicators show potential recovery.
After reaching a local high of around $330 to $350 in September, continuous profit-taking pushed prices lower. The latest announcement by the clearinghouse supporting its on-chain currency plan, which includes the use of Quant, also added momentum to the narrative adopted by institutions. Although breaking through the downward channel could indicate a change in short-term momentum, prices still need to prove that buyers are willing to re-enter the market after the pullback.
QNT rose from its intraday low of $187.68 to a high of $209.55, closing near the upper range of the day. Additionally, MACD indicates that selling pressure is weakening, but the bullish crossover has not yet been confirmed. The latest bullish candlestick pattern is accompanied by higher trading volume and a renewed level of participation. Meanwhile, RSI has shown a clear rebound after falling below its average range. If it can continue to rise, it will support a bullish scenario; if it falls again, it may indicate weakening momentum.
Key levels to watch
- $223 to $224: Immediate resistance
- $204 to $205: Breaking through support
- $230 to $250: Potential upside target
- $178 to $180: Support level below
- $170: A key support level
- $330 to $343: Major resistance
Conclusion: Can the price of QNT rise another 50% this month?
Quant The price has shown initial signs of recovery after breaking through the downward channel; however, the next move will depend on its ability to maintain the breakout and overcome the resistance levels. If it can hold above $204 to $205 and break through $225, the upward trend could extend further to $230 to $250. This might create room for the price to rise to $313 to $325, representing a gain of over 50%.
On the other hand, if the price of Quant fails to maintain a breakout and falls below $205, selling pressure could push it down below $180. Currently, this breakout is sending encouraging signals, but further confirmation will come from price performance around $225, as well as whether the bulls can hold the $205 support level. The price of QNT still has the potential to rebound to $325, but before achieving a 50% increase, it must first break through several resistance levels.
