Quant coin is on a strong uptrend. The cryptocurrency is skirting close to its all-time high of $104 – with the current price only 7% down from the ATH. At the time of writing, Quant coin stands at a price level of $96. The price of the cryptocurrency has increased by 13% in the past twenty-four hours while an increase of 36% has been observed in the past seven days. The daily trading volume of QNT coin has jumped up by 130%. The cryptocurrency stands at seventieth rank in the market with a market cap of $1.1 billion.

Quant technical analysis

The market sentiment for Quant coin is bullish. Out of the total twenty-two technical indicators, fourteen are giving out an indication of buy with eight indicators standing at a neutral position. Only two indicators are at a bearish signal of sell. The oscillators are neutral while the moving averages are bullish.

A trader’s analysis has identified Quant coin to be operating in an ascending channel formation since the beginning of July. The cryptocurrency has been oscillating up and down inside the formation. QNT coin has also been identified to have formed a coherent wave count. Minor corrections can be expected despite the primarily up trending market as QNT is on a wave count. The immediate price target lies at $114 on the upper boundary of the channel. The lower boundary is expected to be tested as support as well.

Quant coin – Future outlook

Quant has also been somewhat of an outlier and had previously maintained its bullish momentum despite a bearish market. The general bullish trend in the overall crypto market will prove to be beneficial for the QNT coin in achieving its bullish price targets. Wallet Investor estimates Quant coin will be operating at a price level of $94 in a year’s time while the five-year projection is at $471. Digital Coin Price has a similar price projection for the cryptocurrency. According to their estimates, Quant coin will end the year with a price level of $144 and reach towards $336 by 2026.