QNT Technical Analysis: Bulls Dream Of Rounding Bottom Breakout

The QNT coin price experiences a boom in buying pressure as it gains 50% in the past four days. Will the uptrend break above $160? Quant was launched in June of 2018 with the aim of connecting networks and blockchains at a global level without compromising the effectiveness as well as interoperability. Quant is the first initiative to tackle the issue of interoperability by establishing the first operating system that runs on blockchains. Quant’s primary goal is to create a bridge between various blockchains. The foundation of the Quant project lies in the Overledger network that it claims is the foundation that will be the foundation upon which the next digital economy will be constructed. Let us move ahead to read about QNT technical analysis. Past Performance of QNT The QNT coin price action creates a wave of bullish candles as it rises to compete with the rounding bottom pattern in the daily chart. The prices rise 50% in the last fours days after finding demand near the $90 mark. However, the price struggles to rise above the 50-day EMA and might give a reversal shortly. QNT/USD Daily Chart QNT Technical Analysis The QNT coin price action may shortly give a breakout of the rounding bottom pattern as it shows a blunt V-shaped recovery. Therefore, buyers can shortly find a breakout opportunity to ride the upcoming bullish trend. The crucial Exponential Moving averages shows a bearish alignment of the 50 and 100-day EMA. Due ...