Quant (QNT) maintains a recovery trend, with the layer 2.5 network announcement for institutions and decentralized finance (DeFi)

The broader cryptocurrency market witnessed a slowdown in the top altcoins like Ethereum (ETH), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE), with a 1% to 3% drop in the last 24 hours.

The broader cryptocurrency market witnessed a slowdown in the top altcoins like Ethereum (ETH), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE), with a 1% to 3% drop in the last 24 hours. Ignoring this, Quant (QNT) maintains a recovery trend, with the layer 2.5 network announcement for institutions and decentralized finance (DeFi). Jupiter (JUP) and Four (FORM) prolong the uptrend with technical signals suggesting breakout gains. Quant 40% pattern breakout target

Quant records a sharp rise of 10% on Monday, surpassing the $100 psychological level. On Tuesday, the QNT token holds $104 with no significant movement at press time.

With a bullish engulfing candle formed on Monday, the price action registers an inverted head-and-shoulders pattern breakout, as shared in the daily price chart below. This marks a potential beginning of a trend reversal rally in Quant.

To illustrate: The 50- and 200-day Exponential Moving Averages (EMAs) record a golden cross, supporting the reversal thesis. Additionally, the Moving Average Convergence/Divergence (MACD) and its signal line record a positive crossover on Tuesday, suggesting a bullish trend ahead.

The 41% pattern breakout target is estimated by extrapolating the depth of the pattern to the neckline at $101, suggesting an uptrend to $143. Based on the Fibonacci retracement, from $165 on December 7 to $59.90 on April 8, the 78.6% level coincides with the $143 price target. However, minor hurdles are present at the $112 (50% level) and $125 (61.8% level).

QNT/USDT daily price chart. Source: Tradingview

Conversely, a drop under the $100 level could invalidate the bullish pattern, extending the correction to the $91 support level.

Jupiter sustains uptrend, records rounding bottom breakout

After a 9% jump on Monday, the JUP token exceeded $0.5839, acting as the neckline of a rounding bottom pattern shared in the daily price chart below. The extended rally holds above the 100-day EMA (light blue) at $0.5581, aiming to challenge the 200-day EMA (deep blue) at $0.6662.

The MACD indicator sustains a positive trend with its signal line after multiple fake crossovers due to a choppy uptrend in JUP spot prices. Hence, investors must remain cautious as Jupiter nears the 200-day EMA, which could lead to volatile price movements.

With the pattern breakout, the 45% price target at $0.8480 is calculated similarly to Quant’s, close to the March 2 peak at $0.8357.

JUP/USDT daily price chart. Source: Tradingview

However, a closing price action candle is seen to be sliding under the $0.5839 neckline will nullify the bullish pattern, potentially leading to the 50-day EMA (yellow) retest at $0.5084.

FORM uptrend targets rising wedge breakout

BinaryX rebranded as Four (FORM) gains momentum with the new persona, scaling more than 40% this month, trading at $3.00 at press time. With a 4.80% surge on Monday, Four hit a new all-time high as it tests uncharted levels.

In the daily chart, the price action forms a rising wedge pattern with long-wick candles from March 24 to May 26, giving rise to a resistance trendline alongside the converging supporting trendline starting from March 20, with a touchdown during early May consolidation.

Technical indicators maintain an upbeat outlook as FOUR trades near the wedge’s upper boundary. The MACD and its signal line give a positive crossover after a short fake crossover event, reflecting the resurgence of buying pressure.

The Relative Strength Index (RSI) at 70 hits a crucial level as it moves flat n