QNT price shows the trendline breakout rally gaining trend momentum and breaking above the $60 mark. Should you join the bullish rally? Key technical points: The QNT market price has appreciated 16% over the past 24 hours. The price action shows the breakout rally exceeding the $60 mark. The 24-hour trading volume of Quant is $38.30 Million, indicating a hike of 47%. Past Performance of QNT For nearly three months, the QNT/USDT pair was lowering under the influence of a descending trendline. As a result, the downfall plummeted the altcoin to a low of $41.16 on June 13th. However, amid improving market sentiment, the coin price bounced back from the new support and breached the dynamics resistance on June 20th. Source- Tradingview QNT Technical Analysis The post-retest rally was accentuated by three consecutive green candle registers, a gain of 22.6%. Furthermore, QNT price is up 10% today and tease another bullish breakout from $61.5. The DMI indicator shows the DI lines regaining the bullish alignment, and the ADX line prepares an upside reversal signifying a rise in the bullish trend. Hence, traders can expect a bullish trend to continue to reach the $80 mark. The RSI indicator shows a bullish trend exceeding the 14-day SMA (yellow) and the halfway line. Moreover, the uptrend may shortly reach the overbought boundary adding points to the uptrend continuation possibility. The MACD indicator shows the fast and slow lines regai...
