Quant (QNT) Bull Flag Pattern Points to $1,500-$1,600 Surge

Quant (QNT) is forming a bullish flag pattern on its daily chart, according to analyst Legitcryptonerd. This indicates that the token may be preparing for another significant price increase.

The analyst noted that QNT's recent strong price increase has led to the formation of a bull flag, which often happens when a coin rises sharply and then moves sideways or slightly down before making another big move.

Ligitcryptonerd used the size of QNT's earlier rally to estimate a possible target of $1,500-$1,600. The token was trading around $264.76 at the time, while its earlier rally took it from about $58.50 to $375, a gain of roughly 519%.

The analyst also compared QNT's current price pattern with past moves in Zcash (ZEC), saying the two charts look similar. This comparison is used to support the bullish view on QNT.