QNT Price Soars 8%, Breaks Out of Bullish Pennant for Potential $130 Target

Quant (QNT) has experienced a remarkable price surge, reaching an all-time high of $106 after breaking out of a bullish pennant pattern. This breakout, fueled by increased trading volume, aligns with an ascending triangle formation and has analysts anticipating a target of $130 in the coming months. The move follows a period of consolidation after QNT price jumped from $98 to $106 on May 27th, as witnessed by a surge on TradingView charts shared by World Of Charts. Key factors driving this price action include expanding Decentralized Finance (DeFi) applications and growing institutional interest in the cryptocurrency.