Quant (QNT) is approaching a decision point over the next two to three days as a triangle pattern on its two-hour chart moves toward a breakout or breakdown. According to technical analyst @MWi_EW on X, QNT has followed an expected path by bouncing from the 0.786 Fibonacci retracement level.
The cryptocurrency has been trading inside a triangle pattern defined by a downward-sloping resistance line and an upward-sloping support line. As these two trendlines converge and the trading range tightens, the setup positions QNT for a sharp move once a break occurs. The chart marks $245.84 as the 0.618 Fibonacci level and $223.84 as the 0.786 level. A break below the rising support line would weaken the bullish structure, with the previous low around $196 serving as the major downside level to watch.
Analyst updates indicate that $287 remains a key level for Quant to reclaim. A move above $286.88 followed by sustained trading above it would signal that buyers are regaining control and could trigger the next upward move. If QNT breaks above the triangle and successfully reclaims $287, the analyst's chart points to potential higher targets around $409.18 and $475.01, though clearing several intermediate resistance levels would be required.
Earlier in September, QNT surged from roughly $65 to about $373 on September 27 before experiencing a pullback. While the bullish setup remains intact while the asset stays inside the triangle and above key downside thresholds, a drop below $196 would invalidate the current bullish outlook.
