In this Qtum technical analysis, we will examine the current price action, trading volume, key levels and indicators for QTUM-USDT. Sure, here are three sentences about Qtum (QTUM) cryptocurrency: 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 EVM and other blockchains. With its unique blend of features, Qtum is poised to revolutionize the cryptocurrency landscape by providing a scalable and interoperable platform for dApp development.
Qtum Price Overview:
As of October 03, 2023, Qtum is trading at approximately 2.227 USDT. Let’s dive into the detailed price action for QTUM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.272 |
| High (H) | 2.401 |
| Low (L) | 2.224 |
| Close (C) | 2.227 |
| Volume (C) | 896,888.00 |
- Open (O): The opening price for today’s trading session was approximately 2.272 USDT.
- High (H): Qtum reached a daily high of around 2.401 USDT.
- Low (L): The daily low for QTUM-USDT was approximately 2.224 USDT.
- Close (C): At the time of analysis, Qtum is trading near its daily close of 2.227 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.98% |
| 3D Change (%) | -0.22% |
| 7D Change (%) | 4.31% |
| 30D Change (%) | 5.80% |
| 90D Change (%) | -18.69% |
| YTD Change (%) | 21.23% |
Over the past three days, QTUMUSDT has dropped by approximately -0.22%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 4.31%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QTUMUSDT maintaining an upward trend of approximately 5.80%, despite intermittent fluctuations. Examining the last 90 days, QTUMUSDT has witnessed substantial drop of approximately -18.69%, reflecting strong long-term confidence. Year-to-date, QTUMUSDT has steadily increased by around 21.23%, 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 0.39473.
- Momentum score is 0.05796.
QTUM USDT Technical Analysis
Qtum Trading Volume:
The trading volume for Qtum (QTUM) over the past 24 hours has been significant, with approximately 896,888.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Qtum is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for QTUM-USDT is currently in the neutral zone, around 48.53618. This suggests that Qtum is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Qtum (QTUM-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
