Market Overview for Qtum/Tether (QTUMUSDT) on 2025-09-18

• QTUMUSDT traded in a 2.387–2.499 range, closing slightly higher near the 24-hour high with strong momentum.
• Price formed a bullish engulfing pattern near 2.48–2.49 and tested a prior swing low of 2.47 with positive divergence in RSI.
• Volatility expanded through the day, with turnover spiking above $100M after the 03:30 ET 15-minute candle.
• Bollinger Bands showed a wide expansion, suggesting increased market participation and potential trend continuation.

Qtum/Tether (QTUMUSDT) opened at 2.402 on 2025-09-17 at 12:00 ET and closed at 2.468 by 12:00 ET on 2025-09-18. The 24-hour range was 2.387–2.499, with a total volume of 325,405.9 units and a notional turnover of $786,949. Price action showed a clear bullish bias, with key resistance at 2.493–2.497 and support at 2.47–2.475. A series of bullish reversals, including a morning engulfing pattern at 2.48–2.49, suggest a short-term buying interest.

Structure & Formations

Price found key support at 2.47–2.475 throughout the trading day, which coincided with a Fibonacci 61.8% retracement level of the 2.387–2.499 swing. A bullish engulfing candle formed around 2.48–2.49, which is a high-probability reversal pattern. A doji near 2.495–2.496 in the early morning hinted at indecision. The pattern at 2.48–2.49 appears to have confirmed a short-term bottoming process.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were bullish, with price consistently above both. The 50-period line acted as a dynamic support around 2.46–2.47, and price failed to break below it during the early sell-off. On the daily chart, QTUMUSDT traded above the 50, 100, and 200-period moving averages, indicating a longer-term bullish trend is intact.

MACD & RSI

MACD showed a positive divergence around 03:30–04:30 ET, with price correcting lower while the indicator remained bullish. RSI reached overbought territory near 75 at 2.495–2.497 but failed to break above 80, suggesting some exhaustion. However, a bullish crossover on the MACD and a low RSI value of 50 at 2.475 indicated a potential recovery. The RSI is currently in the 55–60 range, suggesting moderate momentum and a possible continuation of the uptrend.

Bollinger Bands

Volatility expanded significantly during the day, with Bollinger Bands widening from a narrow contraction at 2.40–2.42 to a broad range of 2.387–2.499. The price closed near the upper band at 2.468, indicating a strong close relative to the recent volatility. The lower band, at 2.42–2.44, was retested twice, suggesting potential short-term support. A breakout above the upper band may confirm a stronger uptrend.

Volume & Turnover

Volume spiked to over 79,000 units during the 03:30–04:45 ET window, coinciding with a bullish breakout and the highest price of the day. Turnover also surged during this period, reaching nearly $200K, which indicates strong conviction behind the move. Divergences were not observed in the price-volume relationship, suggesting the upward move is being supported by buying interest.

Fibonacci Retracements

Applying Fibonacci levels to the 2.387–2.499 swing, the 61.8% retracement at 2.47–2.475 proved strong support. The 38.2% level at 2.48–2.485 was also a key pivot, aligning with the morning bullish engulfing pattern. Price failed to break below the 50% level at 2.442, reinforcing the bullish bias.

Backtest Hypothesis

The 15-minute bullish engulfing pattern at 2.48–2.49, combined with the strong MACD divergence and volume confirmation, suggests a viable entry for a short-term long position. A backtest could use a strategy that enters on a bullish engulfing pattern with RSI above 50 and volume above the 20-period average. A 2.475 stop-loss and a target at 2.50–2.51 would align with the Fibonacci extension and prior resistance. This setup could be validated with historical data of similar patterns in QTUMUSDT and other altcoins to determine probability of success.