Qtum/Tether (QTUMUSDT) Market Overview

• QTUM/USDT rose 1.1% over 24 hours, forming a bullish reversal pattern near 1.98.
• Volume spiked during late-night consolidation, confirming the trend’s strength.
• MACD and RSI showed moderate bullish momentum without overbought conditions.
• Bollinger Bands expanded, indicating increased volatility in the final 12 hours.
• Turnover increased 15% in last 6 hours, signaling heightened trader interest.

Qtum/Tether (QTUMUSDT) opened at $1.996 on 2025-10-25 at 12:00 ET, rose to a high of $2.039 before the 24-hour window closed at 12:00 ET on 2025-10-26 at $2.039. The pair traded between $1.98 and $2.039, with a total volume of 183,870.0 and turnover of $371,097.10.

Structure & Formations

The 15-minute chart shows a consolidation phase overnight at 1.98–1.99, followed by a bullish breakout. A bullish engulfing pattern emerged around 02:30 ET on 2025-10-26, confirming a shift in sentiment. Doji near 1.992 and 2.015 suggest indecision at key psychological levels. The price action indicates that the 2.020–2.030 zone may serve as a key short-term support/resistance pivot ahead of 1.98–1.99.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA at 02:15 ET, confirming a bullish bias. The 20-MA currently sits at $2.013 while the 50-MA is at $2.002. For daily bars, the 50-MA is at $1.997, just below the 200-MA at $1.993, suggesting a potential trend reversal but not yet a strong breakout.

MACD & RSI

The MACD (12, 26, 9) crossed above the zero line at 04:15 ET, with a positive divergence forming in the last 4 hours. RSI is at 58 as of 12:00 ET, suggesting moderate momentum with no signs of overbought conditions. This indicates that the move above 2.015 is still gaining steam but may face resistance in the 2.03–2.04 range before triggering a potential overbought signal.

Bollinger Bands

The 20-period Bollinger Bands have widened significantly since 06:00 ET, with the price trading above the upper band since 09:30 ET. This expansion suggests increased volatility, likely driven by short-term speculative positioning. The asset closed the 24-hour period near the upper band, indicating a strong bullish move with potential for a pullback into the band’s core in the coming hours.

Volume & Turnover

Volume surged past 15,000 units in the last 6 hours, peaking at 15,198 units at 23:45 ET. Turnover mirrored this trend, with a 15% increase since 06:00 ET. The high volume during the consolidation phase suggests accumulation at key support levels, which could fuel further bullish momentum if the 2.03–2.04 zone is cleared.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing from 1.98 to 2.039, the 61.8% level is at 2.026 and the 78.6% level at 2.034. These levels align with the 2.03–2.04 resistance area, suggesting that a close above 2.034 could trigger a test of the 2.05–2.06 zone. A breakdown below 2.020 would bring the 38.2% retracement level at 2.007 into focus as a near-term support target.

Backtest Hypothesis

Given the moderate RSI levels and positive MACD crossover observed over the 24-hour period, an event-driven backtest using the 14-period daily RSI crossing above the overbought threshold (70) appears plausible. To ensure accurate historical data retrieval, the request should be framed using the BINANCE: QTUMUSDT ticker with 14-period RSI, daily bars, and an overbought threshold of 70. Confirming these parameters will allow for a precise backtest analysis.