Date: Wed, July 23, 2025 | 10:10 AM GMT
The broader cryptocurrency market continues to ride a bullish wave, led by Ethereum (ETH), which has surged 16% over the past week and is now trading above $3,665. This bullish momentum is spilling over into altcoins — including Quant (QNT).
QNT has climbed 13% over the past 7 days, boosting its monthly gains to 43%. Beyond its steady price growth, the daily chart is revealing a harmonic pattern that could push QNT even higher before it faces significant resistance.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, QNT is forming a Bearish ABCD harmonic pattern. Despite the “bearish” name, this setup often supports a bullish run during its CD leg, with prices accelerating toward the completion zone before any chance of reversal.
The structure began at Point A near $59.14, advanced to Point B, corrected to Point C around $84.98, and is now climbing along the CD leg toward Point D.
Historically, the CD leg is the most powerful part of the move, drawing traders aiming to capture momentum.
What’s Next for QNT?
If the CD leg continues to play out, QNT’s next target lies near the Potential Reversal Zone (PRZ), aligning with the 1.63 Fibonacci extension of the BC leg. This projection suggests a move toward $152.27 — representing roughly a 17% upside from current levels. The target also aligns with the AB leg’s symmetry, strengthening its technical reliability.
To sustain this bullish scenario, QNT must remain above its 50-day moving average (MA) around $109.54, which now serves as key support. A pullback to this level wouldn’t be unusual, but holding it is crucial to maintaining the uptrend.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.