Market Overview for Qtum/Tether (QTUMUSDT): 24-Hour Action to 12:00 ET

• Price rose from $2.399 to $2.483, forming a bullish pattern with strong volume in late ET sessions.
• RSI climbed into overbought territory, signaling potential for short-term profit-taking.
• Volatility expanded midday, with Bollinger Bands widening as price tested upper bounds.
• Turnover increased sharply after 18:00 ET, supporting a breakout above key resistance near $2.433.
• Momentum indicators show divergence in late ET, hinting at a possible consolidation ahead.

Qtum/Tether (QTUMUSDT) opened at $2.399 on 2025-09-17 at 12:00 ET and closed at $2.471 on 2025-09-18 at 12:00 ET. The pair reached a high of $2.495 and a low of $2.386. Total traded volume amounted to 563,892.8, with notional turnover of $1,401.9.

Structure & Formations

Over the past 24 hours, QTUMUSDT formed a bullish structure with a key resistance cluster around $2.433 to $2.455. A bearish engulfing pattern appeared around 18:45 ET, followed by a bullish reversal at 21:45 ET. A doji at $2.483 suggests indecision in late trading. A strong ascending triangle pattern formed between $2.386 and $2.495, with price ultimately closing near the upper trendline, suggesting momentum in favor of a breakout.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed to the upside between 19:30 ET and 20:15 ET, confirming a shift in near-term bias toward the bullish side. On the daily chart, the 50-period MA is above the 100-period and 200-period lines, suggesting the pair remains in a medium-term uptrend.

MACD & RSI

The MACD crossed above the signal line midday, confirming a positive momentum shift. RSI climbed into overbought territory by 03:30 ET, peaking at 69 before retreating into neutral territory by 10:00 ET, indicating short-term profit-taking. Divergence between price and RSI in the last two hours of the 24-hour window suggests a potential near-term pullback may be forming.

Bollinger Bands

Volatility expanded after 18:00 ET, with Bollinger Bands widening from a narrow range to a more dispersed band. Price remained above the 20-period MA and traded near the upper band during the breakout phase, indicating elevated bullish momentum. A contraction in volatility is now forming, suggesting a possible consolidation phase ahead.

Volume & Turnover

Volume spiked significantly between 18:00 and 19:30 ET, with turnover reaching its peak during the breakout phase. The volume-to-price alignment supports the legitimacy of the upward move. A divergence between volume and price appeared in the final hours, with volume tapering off despite a modest price increase, hinting at waning conviction in the bullish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $2.386 to $2.495, the 61.8% level is at $2.467, where price paused briefly before continuing higher. On the daily chart, the 38.2% level aligns with the $2.423 level, which acted as a strong support on multiple occasions. The current price of $2.471 is close to the 50% retracement level, suggesting a potential pivot point.

Backtest Hypothesis

Given the recent breakout above $2.433 and the confirmation from volume and momentum indicators, a backtesting hypothesis could involve a long entry on a close above $2.467 with a stop below $2.443 and a target at $2.495. The Fibonacci and MACD signals align with this strategy, offering a high-probability trade setup based on the price structure and market psychology observed. If the RSI fails to confirm a new overbought level beyond 69, a retest of $2.443 may be expected, allowing for a potential short position with tighter risk control.