QNT Price Rises Ahead of Potential Breakout to $62-$63

The price of Quant (QNT) is nearing a potential breakout, with bulls eyeing a target range of $62-$63. According to analyst Crypto With Gopal, QNT has formed a falling wedge pattern, with buyers defending the key support zone at $56.50-$57.

A confirmed move above the upper trendline of this formation could strengthen momentum and push the QNT price higher, said Gopal. However, the pattern has not yet produced the required confirmation, and a clear breakout is still needed to solidify the bullish outlook.

In contrast, analyst MCO Global shared a cautious QNT price outlook, stating that Quant had remained within a long-term range for some time and could potentially pull back towards $55-$56. However, MCO Global continued to favor the white bearish scenario, with an alternative orange count allowing for a completed wave-four triangle followed by a fifth wave higher.

The rise in QNT futures volume and open interest points to stronger derivatives activity, with CoinGlass data showing a 30.72% increase in QNT futures volume to $15.41 million. Long liquidations accounted for the larger share of total liquidations, totaling $469.25.