Quant (QNT) is forming what analysts identify as a bullish pennant pattern, suggesting a potential continuation of its recent uptrend. According to crypto analyst Javon Marks, a breakout could propel the token toward a target above $360, representing over 360% upside from current levels. Momentum indicators, including an RSI above 50 and a bullish MACD crossover, support the growing upward momentum observed on the charts.
The cryptocurrency Quant (QNT) is exhibiting a classic bullish pennant chart formation, a pattern often signaling the continuation of a prior upward trend. According to analyst Javon Marks, this setup could lead to a significant breakout.
A successful breakout above the pennant’s resistance could set a first key price target above $360. This implies a potential gain of more than 360% from the token’s current trading level.
Technical data from TradingView shows QNT’s price remains below key exponential moving averages (EMAs), with the 200-day EMA at $79.36 acting as a major barrier. The asset is currently testing the 50-day EMA resistance near $67.48 following a period of consolidation.
The Relative Strength Index (RSI) reading of 53.47 indicates a slight shift toward bullish momentum above the neutral 50-line. Furthermore, the Moving Average Convergence Divergence (MACD) indicator has completed a bullish crossover.
The MACD histogram is rising into positive territory, which analysts interpret as weakening selling pressure. Javon Marks described this setup as “one of the most compelling breakout opportunities in altcoins today.”
