- QuantumScape retraces to $11.97 after a breakout above $13 from a bullish wedge pattern
- Quantum (Q) jumps 8.64% to $0.004421 despite 41% drop in 24-hour trading volume
- Quantum token’s $4.42B FDV versus $4.46M market cap highlights massive supply risk
QuantumScape Corporation ($QS) recently broke out of a long-standing right-angled descending broadening wedge, which is a pattern that usually means a bullish reversal is coming. The breakout happened above the $13.00 resistance level, which showed that more people were buying. The stock has gone down since then, though, and as of July 26, 2025, it was trading at $11.97.
The retracement comes after a rejection close to the $15.63 level, which is where the 1.0 Fibonacci extension is. The long upper wick on the most recent weekly chart’s candle pattern suggests that traders should take profits. The breakout is still valid as long as the price stays above the $10.94–$11.00 support zone, even though there was a correction. If momentum comes back and support stays strong, technical projections say that potential upside targets are $22.22, $27.81, and $37.66.
Market analyst Ali Martinez talked about this technical setup and what it means for the breakout pattern. He also talked about the bullish targets that Fibonacci extensions support. How $QS does around the $13.00 level, which is now a key area of interest, will determine the trend in the near future.
Quantum (Q) Token Price Goes Up After Being Volatile
The Quantum (Q) cryptocurrency was worth $0.004421, which is an 8.64% increase in the last 24 hours. The asset went up from early session losses to a high of about $0.00454 before settling down. The price movement shows that there is a lot of buying interest during the day, even though trading volume dropped by almost 41% to $288,700.
The token’s market cap is $4.46 million, and its fully diluted valuation is still high at $4.42 billion. This big gap means that there is a lot of risk of inflation if more tokens are made available. Right now, only 1 billion of the 1 trillion that could be available are said to be in circulation.
There are 63% of votes on CoinMarketCap in favor of a bullish outlook. Support is close to $0.00410, and a move above $0.00454 could aim for the $0.00500 to $0.00600 range. But the token’s low profile score and falling volume make people worry about its long-term viability. Keeping an eye on changes in volume and circulation is still important for predicting future price movements.
