Quant (QNT) is approaching a decision point over the next two to three days as a triangle pattern moves toward a breakout or breakdown.
Technical analyst @MWi_EW on X says QNT price has followed his expected path so far, bouncing from the 0.786 Fibonacci retracement level.
In a post on X, the analyst said QNT had reached the 0.786 level and bounced, keeping the bullish outlook intact. However, the triangle is now close to a breakout point, making the next price move critical.
He has also identified $287 as the key level QNT needs to reclaim before the next major rally gets underway.
QNT Triangle at a Breakout or Breakdown
QNT is trading inside a triangle pattern on the two-hour chart. The pattern is defined by a downward-sloping resistance line and an upward-sloping support line.
The upper trendline has repeatedly capped QNT’s upside, while the lower trendline continues to provide support at progressively higher levels.
As the two trendlines converge, QNT’s trading range continues to tighten. This setup puts the cryptocurrency directly in position for a sharp move once the triangle breaks.
The chart marks $245.84 as the 0.618 Fibonacci level and $223.84 as the 0.786 level. QNT recently bounced from the lower Fibonacci level, preserving the bullish structure. The next confirmation comes from a break above the descending resistance line.
The analyst has also identified $286.88 as a critical price level. A move above $286.88 followed by sustained trading above it would signal that buyers are regaining control.
On the downside, a break below the rising support line would weaken the bullish structure and expose QNT to lower levels. The previous low around $196 remains the major downside level to watch.
Why $287 Is Still Important for Quant
MWi_EW’s latest update builds on his October 1 analysis, when he said QNT needed to reclaim $287 and turn the level into support.
At the time, Quant had been rejected at $287, preventing the price from extending higher. Despite that rejection, the analyst maintained that the bullish setup remained intact as long as QNT stayed inside the two-hour triangle.
In a September 29 post, he said a break above $287 would trigger the next upward move. He also warned that a move below the two-hour EMA would weaken the setup. A drop below $196 would invalidate the bullish outlook outlined in his analysis.
For now, QNT remains above the key downside level but has yet to reclaim $287. The next major bullish confirmation therefore remains a sustained move above $287.
Analyst Points to $409 and $475 Price
If QNT price breaks above the triangle and reclaims $287, MWi_EW’s chart points to higher levels around $409.18 and $475.01. Reaching them requires QNT to clear several resistance levels along the way.
QNT recently surged from roughly $65 in mid-September to about $373 on September 27, representing a gain of 474% in around two weeks. The subsequent pullback also demonstrated how quickly QNT can reverse after an aggressive rally.
What Happens If QNT Breaks Down?
The triangle has two clear outcomes: an upside breakout or a downside breakdown. A break below the rising support line would weaken the bullish structure and put the $223.84 Fibonacci level into focus.
Continued selling would bring $196 into focus as the critical downside level. A break below $196 would invalidate the bullish setup described by the analyst.
Right now, QNT is inside the triangle, with the price action approaching a key inflection point. The next two to three days are critical for determining whether QNT breaks higher or resumes its decline.
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