The current market trends suggest that the bears are exerting pressure to erase recent gains, hinting at an imminent peak in consolidation for various altcoins. Amidst this scenario, some altcoins are showing signs of a bullish breakout. Quant has reached the culmination of consolidation, indicating a programmed breakout. Simultaneously, Arweave is striving to sustain an upward momentum by holding support levels for an extended period. The question now arises: will these altcoins maintain their bullish momentum till the end of the month or remain confined within a narrow trading range?

Quant (QNT) Challenges Key Resistance

Quant's price had been trapped in a steep descending channel following a rejection at the close of the first quarter. Trading volume has hovered around average levels, reflecting subdued trader participation. However, a substantial rebound from the lower wedge support following intense compression signals a potential breach of the pattern's resistance.

The token has consistently formed lower highs and lows, showcasing bearish dominance. Nevertheless, the recent surge, fueled by a significant increase in buying pressure, hints at a reversal in trend. Additionally, a bullish crossover in the MACD, accompanied by a modest uptick in buying volume, raises expectations for a breakout above the consolidation. Sustaining above $83.5 could pave the way for a remarkably bullish start to Q3, targeting higher price levels.

Arweave (AR) Anticipates 30% Upsurge

Following a remarkable 500% surge in the first quarter, Arweave's price has held firm above significant gains. Despite minor accumulations over the past days, indicating a forthcoming breakout, trader interest seems tepid, constraining the potential upswing within a defined range.

The price action reveals AR trading near critical support levels, affirming bullish presence. The RSI's upward movement from the oversold region signals a slight uptick in buying interest. Furthermore, the OBV, a volume-centric indicator, reversed its trajectory before testing lower ranges, suggesting a looming price surge set to target $30 by month-end.