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QUANT (QNT) Impressive Surge: Is the Low in for Good?

harting QNT's Recent Rally

A Closer Look at QUANT Surge: Assessing the Possibility of a Long-Term Recovery

A Closer Look at QNT's Surge: Assessing the Possibility of a Long-Term Recovery

In the ever-evolving world of cryptocurrencies, one asset that has been turning heads is QUANT (QNT). After the recent surge, it’s imperative to delve into the market dynamics and see what lies ahead.

Revisiting Recent Gains

QUANT (QNT), the cryptocurrency that promises a bright future, experienced an overnight rally, shattering previous Wave 4 highs. As we venture into uncharted territory, understanding this upward momentum becomes crucial. In this analysis, we’ll explore potential price targets and assess whether the recent rally signifies the end of the bearish market.

Caution Amid the Rally

The recent surge in QUANT (QNT)’s price suggests a potential trend reversal, sparking excitement in the crypto community. While it’s tempting to declare the bear market officially over, it’s vital to proceed with caution. Cryptocurrencies can be incredibly volatile, and it’s crucial to be prepared for swift reversals.

The structure of the rally matters significantly. For a convincing reversal, we typically look for a five-wave up followed by a three-wave down structure. It’s essential to remember that while QUANT (QNT) can rally swiftly, these structures provide the foundation for sustainable growth.

Identifying Key Levels

To gauge the potential extent of this rally, Fibonacci extension levels come into play. These levels help us identify possible price targets for Wave 1 within a larger third wave.

Based on Elliott Wave theory, the first target for this wave can be found between the 38.2% and 61.8% extension levels. In the case of QUANT, this suggests a target zone between $160 and $241. However, it’s important to monitor price action closely, as QUANT can sometimes exhibit direct, rapid surges.

The Road to New Highs

If the current rally maintains its momentum, it’s reasonable to set the first major target for QUANT at $160. Beyond that, if QUANT continues to soar, the next significant resistance level will be $241. At this stage, the market’s sentiment is still decidedly bullish, and there are no signs of exhaustion.

For those looking to the future, the all-time high target looms large, with an estimated level of around $700. Of course, this is a broad projection, and further analysis will refine these targets.

Short-Term Focus

In the shorter time frame, QUANT faces immediate resistance at $120. As QUANT continues its ascent, breaching this level will be a key milestone.

While QUANT  appears robust at the moment, it’s wise to keep an eye on the 50% retracement level, currently at $95. A significant drop below this level could signal potential failure and warrant a reevaluation.

The QUANT Rally

QUANT rally has captured the crypto community’s attention. While the sentiment remains positive, it’s essential to maintain a cautious approach and closely monitor price action. The bullish scenario could see QUANT (QNT) targeting $160, $241, and beyond. However, the cryptocurrency market’s notorious volatility means surprises are always possible. It’s a dynamic journey, and staying informed is key to making informed investment decisions.

Meet the Founders of Quant:

The inception of the Quant network owes much to the brilliant minds of its founders, Gilbert Verdian and Dr. Paolo Tasca. Their expertise and unique perspectives have been instrumental in shaping the project’s success.

Where to Purchase Quant  Tokens

Quant (QNT) tokens are available for buying, selling, and trading on various cryptocurrency exchanges, which include: Bilaxy, Bittrex, Bithumb Global, 1inch Exchange, Uniswap (V2), Hotbit.

You can explore these platforms to acquire Quant tokens for your investment or trading needs.

QNT Impressive Surge: Is This the Turning Point for the Digital Asset

Breaking Down the QNT Rally


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