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QTUM Price Analysis: QTUM Coin Price Is Ready To Jump For A New High

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QTUM Price Analysis: QTUM Coin Price Is Ready To Jump For A New High
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  • QTUM coin price is currently seeing consolidated momentum and can soon see a new high. It is up by more than 4.5% in the past 24 hours
  • Technical indicators of QTUM hints towards a bullish trend in the price for the future. In contrast, QTUM/BTC pair is up by more than 9.69% in the intraday session

QTUM coin price is currently seeing an upside momentum in price which can soon lead it to a new high. QTUM price is currently trading near the value of $13.262 and has seen a gain of more than 11.04%. The asset has an ROI of more than 77% which has benefitted various kinds of investors in the past. The asset price is looking to give a major breakout for the future. It can soon see a new high in the upcoming days. One can forecast that the QTUM price may soon see a new high in the future

QTUM token market dominance along with the market cap is seeing a weak recovery but can soon see a new high. The volume of the coin is currently seeing a weak surge but can soon see a buying volume. The volume to market cap ratio of the QTUM suggests a strong bull trend in the price for the upcoming days. One can invest in the asset as per their needs and price action

Technical Indicators Of QTUM Suggests A Strong Upside Momentum

Source: Trading view

The weekly technical chart of the QTUM hints towards a consolidated momentum in price  On coming to the daily chart, the asset price is looking to give a major breakout to a new high. The hostile zone of the QTUM while going upwards can be seen near $17. Meanwhile, the support in the asset can be found near $8. The token price is currently trading above the 100 and 50 Daily moving average. The 50MA line is near $12.4  making it a temporary support zone for the price. If the coin jumps 15 to 20% above the current level then a strong upside momentum can be seen. QTUM/BTC pair can also observe a new high in the future

Conclusion

QTUM coin price is currently seeing an upside momentum but can soon revert to a new high. The QTUM/BTC pair can also see a new high in the future. One should do their due diligence before investing in the coin.

Technical Levels

Major Resistance: $20
Major Support: $10

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R
Written by
Rajat AryaVerified

Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.

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About this article

PublishedOctober 21, 2021 12:33 pm
Last updatedJanuary 16, 2025 12:16 am
Written byRajat Arya
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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