Market Overview for Qtum/Tether (QTUMUSDT) – 24-Hour Technical Analysis

• QTUMUSDT traded in a 24-hour range between $1.861–$2.018, with strong consolidation and a late-day breakout above prior resistance.
• Momentum accelerated in the final 6 hours, with RSI surging toward overbought levels and MACD confirming bullish divergence.
• Volatility spiked sharply in the last 3 hours, coinciding with a 78,300+ Qtum turnover surge and a breakout above key 1.94–1.96 consolidation.
• Bollinger Bands widened in the final session, indicating a potential trend continuation or consolidation reversal.
• The 1.938–1.947 level showed strong resistance-turned-support, with a bullish engulfing pattern forming at 12:00 ET.

Qtum/Tether (QTUMUSDT) opened at $1.861 on 2025-10-11 at 12:00 ET, traded as low as $1.861, and closed at $2.011 at 12:00 ET on 2025-10-12. The 24-hour high was $2.018, and the 24-hour low was $1.861. Total volume amounted to 2,967,072.6 QTUM, while notional turnover reached $5,807,679.7.

Structure & Formations

Price action showed a clear shift in sentiment from bearish consolidation to bullish breakout. A significant bullish engulfing pattern formed at 12:00 ET, confirming a reversal from a 1.861–1.94 range. Key resistance levels at 1.938–1.947 were tested multiple times before being decisively broken in the final 3 hours. The 1.961–1.993 range appears to be the next critical test for sustainability.

A doji formed near 1.94 at 17:15 ET, suggesting indecision, followed by a sharp reversal on increased volume. The price then entered a 1.94–1.96 consolidation before breaking higher with strong volume and a hammer-like reversal at 15:00 ET.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a golden cross around 08:00–09:00 ET, signaling short-term bullish momentum. By the end of the period, the 50SMA had crossed above the 200-period daily average, indicating a strengthening trend. The 50-period MA appears to act as dynamic support, currently at ~1.935–1.945, with the 200-period MA at ~1.915 still providing a baseline for the trend.

MACD & RSI

The MACD crossed above the signal line around 14:00 ET and remained bullish through the session, with a sharp increase in positive divergence in the final 3 hours. RSI surged from 48 to 72 by 16:00 ET, signaling overbought conditions, but the divergence between price and RSI suggested continued momentum rather than exhaustion. This overbought reading may not be a concern unless volume begins to taper.

Bollinger Bands

Volatility expanded significantly in the final 3 hours, with price moving from the lower band toward the upper band. A contraction in volatility occurred between 10:00–12:00 ET, followed by an aggressive expansion confirming a breakout. The current price of 2.011 sits near the upper Bollinger Band, suggesting that the move may continue unless buyers fail to step in at this level.

Volume & Turnover

Volume increased gradually from a low of 12,819.9 QTUM in the first 15 minutes to a peak of 67,745.9 QTUM at 15:00 ET, with the final 3 hours showing the highest turnover. Notional turnover also surged, with a spike of $1.973 million at 15:00 ET. This volume surge coincided with the breakout above 1.94–1.96 and suggests strong institutional or retail participation in the upward move.

The volume pattern is consistent with a breakout confirmation, with no significant divergence observed between price and volume. This bodes well for a continuation, although a pullback with strong volume could test the 1.938–1.947 level for support.

Fibonacci Retracements

Fibonacci levels were notably tested and broken in the final 3 hours. The 1.94–1.96 range corresponded to the 61.8% retracement of the earlier 1.861–1.961 move. The 2.006–2.018 range aligns with the 78.6% retracement level, suggesting a potential target for further gains. A pullback to the 1.93–1.94 range (38.2% retracement) could offer a re-entry point for longs if the trend remains intact.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on a bullish engulfing pattern at the 12:00 ET candle, confirmed by a close above the 1.94–1.96 consolidation. Stop-loss could be placed below the 1.938 support level, with a target at the 2.006–2.018 Fibonacci extension. The strategy would benefit from volume confirmation and MACD divergence to avoid false breakouts. A rolling 15-minute time frame with 20SMA crossover could optimize entry timing.