In this technical analysis of Qtum, we’ll delve into the current price action, trading volume, key levels, and indicators for QTUM-BTC. The open-source blockchain project aims to bridge the gap between Bitcoin and Ethereum communities by utilizing a proof-of-stake consensus algorithm and supporting smart contracts, decentralized applications, and decentralized finance (DeFi) protocols. With its innovative 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 19, 2024, Qtum is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for QTUM-BTC:
| Metric | Value |
|---|---|
| Open (O) | 4e-05 |
| High (H) | 4e-05 |
| Low (L) | 4e-05 |
| Close (C) | 4e-05 |
| Volume (C) | 3,005.50 |
- 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 (%) | -1.94% |
| 3D Change (%) | 3.75% |
| 7D Change (%) | 1.97% |
| 30D Change (%) | 5.35% |
| 90D Change (%) | -36.89% |
| YTD Change (%) | -53.33% |
Over the past three days, QTUMBTC has experienced a notable increase of approximately 3.75%, indicating heightened market volatility. This upward trend continued throughout the week, with a gain of around 1.97%, suggesting growing investor interest. A 30-day analysis provides a more comprehensive view, revealing an upward trajectory of approximately 5.35%, despite occasional fluctuations. Looking back at the last 90 days, QTUMBTC has witnessed a significant decline of approximately -36.89%, reflecting a strong long-term confidence in its value. Year-to-date, QTUMBTC has steadily depreciated by around -53.33%.
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 0.4296.
- Momentum score is -0.03785.
QTUM BTC Technical Analysis
Qtum Trading Volume:
The trading volume for Qtum (QTUM) over the past 24 hours has been insignificant, with approximately 3,005.50 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 42.71735. This suggests that Qtum is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: Qtum (QTUM-BTC) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention from traders and investors. As they navigate the market, it’s crucial to keep a close eye on the BTC monthly resistance level and the BTC support level for potential trading opportunities. Furthermore, the low RSI reading and lack of significant trading volume are warning signs indicating a possible downward trajectory.
Confirm Qtum’s (QTUMBTC) bullish outlook at 4.09e-05 BTC with technical analysis, emphasizing strong support and positive 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.