Market Overview for Qtum/Tether (QTUMUSDT) – 24-Hour Summary as of 2026-01-05

Summary
• QTUMUSDT opened at $1.403 and closed at $1.430, forming a bullish breakout above key resistance.
• Momentum accelerated with RSI surging past 60, while volume spiked significantly in early morning hours.
• A 5-minute bullish engulfing pattern at $1.392 confirmed a short-term reversal, followed by a strong rally.
• Bollinger Bands showed a recent expansion, reflecting rising volatility amid the price push higher.
• Turnover reached $105,760.56 at peak, with divergence observed between price highs and volume in late ET hours.

Qtum/Tether (QTUMUSDT) opened at $1.403 on January 4 at 12:00 ET and closed at $1.430 on January 5 at 12:00 ET. The 24-hour high was $1.429 and the low was $1.382. Total trading volume reached 150,982.3 units, with a notional turnover of approximately $213,396.

Structure & Key Levels

The price formed a clear bullish breakout above the 5-minute resistance level at $1.403, confirmed by a bullish engulfing pattern and a 5-minute volume spike of 24,909.5 units. A strong rally continued through the morning session, with support at $1.392 and resistance at $1.429 becoming key. A daily close above $1.425 may consolidate the move.

Technical Indicators

The 20-period and 50-period moving averages on the 5-minute chart crossed bullish early in the session, reinforcing the upward bias. MACD showed a positive divergence, with the histogram widening after 01:15 ET. RSI reached 61.8 at the 24-hour peak, suggesting momentum remains strong but may face a pullback.

Volatility and Bollinger Bands

Bollinger Bands displayed a contraction in the early hours of January 4, followed by a sharp expansion as price surged above the upper band. Price has spent much of the session inside the bands, but has recently tested the upper band with increasing frequency, signaling a possible continuation.

Volume and Turnover

Volume spiked sharply at 01:15 ET with a 5-minute volume of 24,909.5 units, confirming the breakout move. Turnover spiked to $35,143.39 at the same time, aligning with the price move. Divergence appeared in late ET hours as price reached a new high without a matching volume increase, suggesting caution in the near term.

Fibonacci Retracements

The key 5-minute swing from $1.382 to $1.429 reached a 61.8% retracement at $1.405, followed by a push beyond that level. On the daily chart, the 61.8% retracement of the previous bearish leg is now at $1.435, which could be a near-term target.

Qtum/Tether appears to have found a short-term upward trajectory, supported by a strong breakout and bullish momentum. However, the divergence in volume and a high RSI reading suggest caution ahead. Traders should monitor $1.430 as support and watch for a potential pullback or consolidation phase in the next 24 hours.