QNT Price Prediction: Triangle Could Signal a Bullish Break

Summary:

Bullish QNT price predictions are being enhanced by the formation of the symmetrical triangle on the daily chart of the QNT/USDT pair.

A look at the social media space shows a preponderance of bullish QNT price predictions. The sentiment comes as a result of the recent partnership between VISA and the Quant network.

VISA is said to be working on a project which will bridge conventional payment networks and crypto payment options. QNT could play an integral role in this initiative if the reports about this are to be believed. The evolving bullish flag on the daily chart is also strengthening the bullish QNT price predictions. The price behaviour around the support and resistance levels within the triangle determines the price break direction.

The QNT/USDT pair is slightly up by 0.2% as of writing.

QNT Price Prediction

The two-day decline has brought the price back to the broken border of the channel found in the triangle. If the price continues its decline, the triangle’s lower edge becomes the next target. Only when this border is broken can the corrective decline continue towards 280.7 and 266.9.

On the other hand, a potential bounce on the channel’s upper border or the triangle’s lower border redirects the price action towards 312.0, with 331.3 and 342.7 serving as additional targets to the north. A move to 342.7 confirms the breakout from the triangle. This move also opens the door for the bulls to aim for 356.4 and 378.4. However, the price must break beyond 342.7 for the advance to materialize.