Quant Price Watch: Crypto Looking At 20% Rally This Week With This Pattern

Christian Encila

2 years ago

3 mins read

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Quant (QNT) may be one of the lesser known cryptocurrencies compared to Bitcoin, Ethereum, XRP, Cardano and Dogecoin, but is one of those digital assets that is set for a bullish rally over the next few days.

Quant’s notches 14.44% seven-day advance
The crypto is expected to rise by 20% due to its bullish momentum
QNT is outperforming a lot of altcoins after the September bearish market

At press time, tracking from Coincodex shows the crypto is changing hands at $153.63 and is enjoying a 14.44% increase for the past week.

The digital currency attained its all-time high on September 11, 2021 when it traded for $424.43 but has fallen victim into the expected volatility of the crypto space and at one point fell to $40.97.

But armed with resilience, the asset managed to recover and rise to $163.41 (its highest price after its all-time high) and is sitting at a bullish sentiment.

Quant Price Pattern Analysis

Under what is known as the head and shoulder pattern, Quant’s price is looking at an immediate bullish run, potentially once again outperforming other more popular and bigger cryptocurrencies.

Source: TradingView

The asset is coming from an impressive jump from its September value of $86, increasing by as much as 78% to trade at above $150.

There is an observed struggle for the crypto as it tests the $160 level. Bears are attempting to control inflation, contributing to this scenario.

If Quant is successful in breaking the $155 resistance marker, sideline traders will have the opportunity to enter, pushing the asset’s price by 20% all the way to $188.

At that point, said trading price will stand as its new resistance, the lowest of which could be the $160. Meanwhile, support levels for Quant currently stand between $141 and $130.

A Deeper Look At Quant As A Crypto

Quant market capitalization is currently at $1.84 billion. It ranks 32nd overall, 10th in the Ethereum (ERC20) tokens sector and 19th in Layer 1 assets.

During its Initial Coin Offering (ICO) that ended on April 30, 2018, the crypto was priced at $1.51. Since then, it has put together an impressive showing, increasing its value by 101.79% against the U.S. dollar.

Against cryptocurrency leaders Bitcoin and Ethereum, Quant increased its ICO price 48.69x and 51.52x, respectively.

The year 2021 was easily the best for the digital asset, as it recorded a mind-blowing 1,480.25% price increase, from $11.33 to $179. Meanwhile, the year 2019 was the worst for Quant, as it just managed to raise its value to $3.66.

Over the last five years, QNT averaged a yearly growth rate of 511.39%.

QNTUSD trading pair at $151.6 | Featured image from Finance Magnates, Chart: TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.