QTUM USDT 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-USDT. Qtum is an open-source blockchain platform that combines the security of a UTXO-based blockchain with the flexibility of the Ethereum Virtual Machine (EVM). This allows developers to build decentralized applications (dApps) on Qtum that can interact with the Ethereum ecosystem. Additionally, Qtum’s proof-of-stake (PoS) consensus algorithm and adaptive mining mechanism enable fast and secure transactions, making it an attractive option for businesses and individuals looking to leverage blockchain technology.

Qtum Price Overview:

As of June 20, 2024, Qtum is trading at approximately 2.543 USDT. Let’s dive into the detailed price action for QTUM-USDT:

Navigate Qtum’s (QTUMUSDT) potential downturns at 2.54 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 2.526
High (H) 2.635
Low (L) 2.51
Close (C) 2.543
Volume (C) 344,869.30
  • Open (O): The opening price for today’s trading session was approximately 2.526 USDT.
  • High (H): Qtum reached a daily high of around 2.635 USDT.
  • Low (L): The daily low for QTUM-USDT was approximately 2.51 USDT.
  • Close (C): At the time of analysis, Qtum is trading near its daily close of 2.543 USDT.
Metric Value
1D Change (%) 0.63%
3D Change (%) -7.12%
7D Change (%) -14.32%
30D Change (%) -34.88%
90D Change (%) -38.49%
YTD Change (%) -31.55%

Over the past three days, QTUMUSDT has decreased by approximately -7.12%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -14.32%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QTUMUSDT maintaining a downward trend of approximately -34.88%, despite intermittent fluctuations. Examining the last 90 days, QTUMUSDT has witnessed substantial decrease of approximately -38.49%, reflecting strong long-term confidence. Year-to-date, QTUMUSDT has steadily depreciated by around -31.55%, 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-USDT 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 0.55815.
  • Momentum score is -0.28927.

QTUM USDT Technical Analysis

Qtum Trading Volume:

The trading volume for Qtum (QTUM) over the past 24 hours has been insignificant, with approximately 344,869.30 USDT 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-USDT is currently in the low zone, around 35.82599. This suggests that Qtum is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

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

Navigate Qtum’s (QTUMUSDT) potential downturns at 2.54 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.

Take the next step in your exploration by delving into our detailed insights on QTUM BTC Qtum Technical Analysis; it’s a natural 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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