Quant Price Bull Run Eyes A 20% Rise With This Breakout

An inverted head and shoulder pattern has set the Quant price on a bullish course. Under the pattern’s influence, the altcoin has shown phenomenal growth since last while most major cryptocurrencies struggled to hold their ground. The bull run now retests a multiple-month resistance at $160, preparing for another bullish breakout.

Key points: 

• A daily candle closing above $160 is needed to confirm a breakout opportunity.
• The reversal from $160 may trigger an occasional correction phase
• The intraday trading volume in the Quant is $142 Million, indicating a 290% gain 

Source-Tradingview

The Quant price chart highlights a bullish rally starting from the $86 mark accounting for a 78% jump since last month. Currently, the price trend signifies a power struggle at the $160 supply zone as the bears attempt to contain inflation. 

On deeper analysis, the price trend displays an inverted head and shoulder pattern with a tilted neckline, marked out in the technical chart. The ongoing uptrend finds a boost in bullish momentum upon a retest of the patterns’ breakout. 

The spike in the intraday volume supports the 10% jump in the last two days, creating bullish eng