QTUM BTC Qtum Technical Analysis

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By Frans van Elst

Qtum logo In this Qtum technical analysis, we will examine the current price action, trading volume, key levels and indicators for QTUM-BTC. Qtum is an open-source blockchain project that aims to bridge the gap between the Bitcoin and Ethereum communities. It utilizes a proof-of-stake consensus algorithm and supports smart contracts, decentralized applications, and decentralized finance (DeFi) protocols. With its unique approach to scalability and interoperability, Qtum is poised to become a leading player in the blockchain and cryptocurrency space.

Qtum Price Overview:

As of July 07, 2024, Qtum is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for QTUM-BTC:

Receive signals of caution for potential Qtum (QTUMBTC) downturns at 3.82e-05 BTC through bearish technical analysis, accompanied by weakened support and cautionary indicators.

Metric Value
Open (O) 4e-05
High (H) 4e-05
Low (L) 4e-05
Close (C) 4e-05
Volume (C) 2,843.20
  • Open (O): The opening price for today’s trading session was approximately 4e-05 BTC.
  • High (H): Qtum reached a daily high of around 4e-05 BTC.
  • Low (L): The daily low for QTUM-BTC was approximately 4e-05 BTC.
  • Close (C): At the time of analysis, Qtum is trading near its daily close of 4e-05 BTC.
Metric Value
1D Change (%) -2.75%
3D Change (%) 0.95%
7D Change (%) -8.27%
30D Change (%) -19.76%
90D Change (%) -46.23%
YTD Change (%) -56.48%

Over the past three days, QTUMBTC has increased by approximately 0.95%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -8.27%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QTUMBTC maintaining a downward trend of approximately -19.76%, despite intermittent fluctuations. Examining the last 90 days, QTUMBTC has witnessed substantial decline of approximately -46.23%, reflecting strong long-term confidence. Year-to-date, QTUMBTC has steadily dropped by around -56.48%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Qtum Live Chart:

You can access a live price chart for QTUM-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.50446.
  • Momentum score is -0.14609.

QTUM BTC Technical Analysis

Qtum Trading Volume:

The trading volume for Qtum (QTUM) over the past 24 hours has been insignificant, with approximately 2,843.20 BTC traded against QTUM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): QTUM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Qtum is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for QTUM-BTC is currently in the low zone, around 34.39819. This suggests that Qtum is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Qtum (QTUM-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Receive signals of caution for potential Qtum (QTUMBTC) downturns at 3.82e-05 BTC through bearish technical analysis, accompanied by weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on QTUM USDT Qtum Technical Analysis — a perfect follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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