Technical analysis by VIPROSE about Symbol QNT on 5/18/2025

The chart shows a classic Double Bottom pattern formed within a strong support zone between $70–$80, followed by a bullish breakout from a Falling Wedge – a reliable reversal pattern.✅ Technical Highlights:✅ Falling Wedge Breakout: A bullish breakout confirms momentum shift.✅ Current Price: $94.51✅ Strong Support Zone: $70–$80✅ Clear upside targets are marked on the chart.🎯 Potential Price Targets:Target 1: $138.23Target 2: $180.80⚠️ Alternative Scenario:If the price fails to hold above the $90–$94 range, we may see a retest of the $85–$80 area before any sustained upward movement.💡 Conclusion:QNT is showing strong reversal signals after a long accumulation phase. The breakout from the falling wedge pattern and reclaiming of key levels suggest a bullish momentum building toward higher targets. Holding above $90 is crucial for continuation.