Quant (QNT) Rebounds 1.91% as it targets $111.15 for bullish continuation

Quant (QNT) has demonstrated early indications of a potential trend reversal following a rebound from a crucial support zone. The cryptocurrency has shown a positive response to a central Fibonacci support region, which has provided a strong base between $91.72 and $83.15. This support zone encompasses retracement levels ranging from 88.1% to 61.8%, which has helped stabilize the price after it dipped below $98, marking a short-term low.

The current Elliott Wave analysis suggests that wave (b) is in progress, with wave (c) potentially initiating soon. A breakout above $111.15 would confirm this structure and validate a bullish continuation. Analysts consider this level a key threshold that would signal the end of the corrective phase and the beginning of a new impulse wave. However, without a confirmed breakout, the scenario remains speculative.

If QNT successfully clears the $111.15 level, it is likely to target higher Fibonacci extension levels, further solidifying the bullish trend. At the time of writing, QNT is trading at $99.35, reflecting a 1.91% gain over the last 24 hours. The asset has shown a steady upward move since June 27, indicating recovery strength. The $100 level now serves as the immediate psychological resistance to watch.

While bullish momentum is building, traders remain cautious due to the asset’s recent volatility. Analysts note that failure to stay above the current zone could expose QNT to further losses. The next critical support is the 78.6% Fibonacci retracement at $68.82. Price action near $100 will be closely monitored. If resistance at that level holds, the asset may re-enter a consolidation phase. Market sentiment remains positive but tentative, with confirmation above $111.15 required to shift to a more bullish stance.