Crypto
Quant Price Sees Consolidation After Explosive Rally Amid Bullish Elliott Wave Setup
Quant's (QNT) price has been consolidating after an explosive rally that saw it surge from $60-$70 in early September to its current level near $295. According to a bullish Elliott Wave setup, QNT could target $390 and potentially higher if key resistance levels hold.
The analysis by technical analyst @Brikka_trading identifies what appears to be a 1-2-i-ii Elliott Wave structure on the QNT chart, with an upward move initiating a stronger wave iii of wave 3. The setup remains dependent on price confirmation rather than the pattern alone.
Key invalidation levels for the bullish structure include $195 and $206.10, while the analysis highlights Fibonacci extensions and channel breakouts that project upside targets of $322, $390, and $530.