Home
News
- QTUM price jumped from $11.72 to $19.79 on Monday’s trading session
- The 24-hour volume in QTUM is at $2,344,762,395 with a 101.26% increase also volume exceeded above market cap at 1.20 ratio
- The QTUM/BTC pair was trading at 0.0003469 BTC with a gain of 33.62%
The 4-hour technical chart of the QTUM price forecasts a positive trend. According to pivot points, QTUM’s critical support level is placed at $11.70. Whereas if it moves up, the key resistance to watch is $22.0. While diving into the weekly chart of a 4-hour time frame, it completes a bullish engulfing candlestick pattern representing bullish reversal with high reliability.
EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) is above EMA-13,21 (green, yellow), which projects a positive trend. The price is way above 55-EMA (red). Investors may perceive a positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 59, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 34 to 59 in the index, which may surge in future trading sessions.
The volume of (2.09M) represents a buying volume above the Volume MA (1.60M) of 20-days. High buying pressure is required in QTUM to drive its price to higher levels.
QTUM Price Action Bull Rally Towards $22.0
QTUM Price traded at $19.79 with a gain of 36.40% in the last 24-hour and 24.17% up in the weekly time frame. Furthermore, QTUM bounced from the support of $11.72. In contrast, the market capitalization stands at $1.9 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $22 in future trading sessions. Also do check my previous article on QTUM’s parabolic movement here.
Resistance: $22.0
Support: $11.72
Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market’s informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.
