Quant (QNT) has recently gained attention for its price movement and rising market interest. Despite some volatility, the altcoin has surged by 8.15% in the past week, showing resilience even in a challenging market. This upward trend, though modest, is supported by growing buying activity and favorable technical patterns, indicating that QNT could be poised for a more significant rally.

Recent market conditions have raised interest in Quant, especially after a brief market flush-out, which allowed savvy investors to purchase the asset at a discounted price. With a bullish triangle pattern forming on QNT’s daily chart, there is increasing optimism that the asset could break out and see a price increase of up to 77%.

Market Flush-Out Signals Opportunity for Traders

A market flush-out occurs when prices drop sharply, breaching support or resistance levels and triggering the liquidation of stop orders. This brief drop creates an opportunity for investors to accumulate assets at a lower price before the price starts moving in the initial direction.

For QNT, this pattern has recently unfolded, as the asset briefly dipped below its support level. While some traders saw this as a negative signal, others view it as an opportunity to buy into QNT at a more attractive price point before the price rebounds. The key level to monitor is around $96.9—if QNT can reclaim this level and continue its upward trajectory, the coin could break out of its triangle pattern and start a strong rally.

Active Market Participation Boosts QNT Outlook

In addition to favorable technical patterns, growing market participation is also fueling optimism for QNT. Data from crypto analytics firm IntoTheBlock shows a 2.02% increase in active addresses trading QNT over the past week, with 897 unique addresses recorded in just the last 24 hours. This surge in active traders reflects growing confidence in QNT’s potential for higher prices.

Moreover, $280,000 worth of QNT was purchased in the past 48 hours, further suggesting that market participants are positioning themselves for a potential breakout. The increasing number of active addresses and purchasing activity reflects heightened interest from traders, which could help drive the asset higher.

Whale Activity Points to Long-Term Confidence in QNT

Interest from large holders, or whales, has also been rising, contributing to QNT’s recent upward movement. According to data from CryptoQuant, whale activity spiked with $1.29 million worth of QNT traded in just a short period. Whale activity is often seen as a strong indicator of market confidence, and this large-scale trading suggests that these investors expect QNT’s price to rise significantly in the near future.

Whales typically control a large portion of an asset’s supply, so their actions can significantly influence the price. Their growing involvement with QNT could be a key signal that the coin is preparing for a major move.

QNT’s Path to a 77% Rally

If QNT successfully reclaims the critical support level of $96.9 and continues to exhibit bullish behavior, it could push through its current resistance levels and set a new high. According to technical analysis, QNT has the potential to reach a target of $171.7, which would represent a remarkable 77.45% rally from its current price.

The combination of a bullish chart pattern, increasing market participation, and growing whale interest all suggest that QNT is well-positioned for significant growth. However, like any cryptocurrency, the market can be unpredictable, and traders should exercise caution while keeping an eye on these key indicators for further confirmation.

Conclusion: Is QNT Ready for a Breakout?

Quant (QNT) is showing multiple signs that it could be on the verge of a major breakout. With a bullish triangle pattern, rising market participation, and increased whale activity, QNT has strong momentum behind it. If the coin can reclaim support and continue its upward trend, a 77% rally is within reach.

As always, cryptocurrency investments come with risks, but for traders watching these developments closely, QNT could present a solid opportunity in the coming weeks. Keep an eye on key technical levels, and stay updated on the growing interest in QNT to determine the right time to act.