Market Overview: Qtum/Tether (QTUMUSDT) – 24-Hour Summary (2026-01-02)

Summary
• Price tested key support at 1.320 and rebounded, forming a bullish engulfing pattern on the 5-minute chart.
• Volume spiked above 90k at 16:30–17:00 ET, confirming strength in the breakout above 1.376.
• RSI entered overbought territory above 70, while Bollinger Bands widened, signaling increased volatility.
• 50-period moving average crossed above 1.335, aligning with rising bullish momentum.
• Fibonacci levels at 1.344 and 1.357 show accumulation, suggesting potential for a 1.36–1.38 consolidation.

Qtum/Tether (QTUMUSDT) opened at 1.323, reached a high of 1.384, hit a low of 1.317, and closed at 1.381 by 12:00 ET. Total volume was 325,208, while turnover hit $44,825.45. The pair saw a strong rally in the afternoon, driven by increased volume and upward momentum.

Structure & Moving Averages

The 50-period moving average on the 5-minute chart crossed above 1.335, reinforcing the bullish bias. A strong upward move above 1.372 aligned with key Fibonacci levels (38.2% at 1.344 and 61.8% at 1.357), suggesting continued strength if the 1.36 support line holds. On the daily timeframe, the 50/200 SMA crossover remains positive, supporting the longer-term trend.

Momentum and Volatility

Relative Strength Index (RSI) reached overbought territory above 70 during the afternoon surge, suggesting a potential pullback. However, volume remained robust, especially between 16:30 and 17:00 ET, confirming the breakout above 1.376. Bollinger Bands widened significantly, indicating heightened volatility and potential consolidation ahead.

Volume and Turnover Dynamics

Volume exceeded 90k in the 16:30–17:00 ET window, coinciding with a price surge above 1.376. Turnover rose in tandem, supporting the legitimacy of the breakout. A divergence between price and volume was observed near 01:00–01:15 ET, when price dipped but volume remained steady, hinting at potential consolidation.

Pattern and Fibonacci Analysis

A bullish engulfing pattern formed at 1.320–1.326 after the morning low, signaling a short-term reversal. Fibonacci retracement levels between 1.344 and 1.357 showed accumulation, suggesting a likely test of 1.36–1.38 in the next 24 hours. The 5-minute chart also showed a potential ascending triangle forming around 1.372–1.384, which may resolve with a breakout or a pullback for confirmation.

The next 24 hours could see QTUMUSDT testing 1.36–1.38 as a key consolidation range, with a possible retest of 1.376 for confirmation. Investors should watch for divergences in RSI and volume to assess the sustainability of the move. As always, a sharp correction remains a risk if support at 1.363 breaks unexpectedly.