QNT is one of the best performing cryptocurrencies in the current timeframe. The cryptocurrency is surging on a steep upward trajectory. Quant established a new all-time high at $124 in the current timeframe. The price of the cryptocurrency stands at $121 at the time of writing. The price can be expected to once again reach higher. Quant has increased by 30% in the daily timeframe while the weekly gains for the crypto are at 53%. The daily trading volume for QNT has surged by a staggering 240%. Quant stands at a rank of sixty-one in terms of market cap.
Technical analysis
The market outlook for QNT is bullish. Fourteen of the total twenty-six technical indicators are giving out an indication of buy. Nine of the rest are standing at a neutral position with only one indication at a sell position.
QNT has been identified to be operating in an ascending channel formation. The cryptocurrency has been oscillating up and down inside the channel. A trader’s analysis has also identified a coherent wave count inside the channel for the cryptocurrency. QNT is expected to continue the up and down movements testing the lower boundary as support and the upper boundary as resistance. Quant has broken above the diving line inside the channel which may indicate the cryptocurrency is underway testing the resistance at the upper boundary.
QNT price prediction
Quant is designed as an operating system – the first of its kind – to try to solve the problem of interoperability in the blockchain space. The future projections for QNT are hopeful. A previous analysis had identified $140 in the mid-term scenario as a price target. Wallet Investor estimates the cryptocurrency to be operating at a price level of $179 in a year’s time while the five-year projection places it at $512 – a gain of more than 300%. Digital Coin Price predicts Quant to end the year with a price level of $185 and reach towards $431 by 2026.
