Market Overview for Qtum/Tether (QTUMUSDT)

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• QTUMUSDT closed near the 24-hour high, showing strong bullish momentum amid increasing volume.
• Price action formed a bullish engulfing pattern around the 2.163–2.172 range, indicating a potential short-term reversal.
• RSI reached 58, indicating balanced momentum, with no signs of overbought conditions yet.
• Bollinger Bands showed moderate expansion, suggesting rising volatility in the latter half of the 24-hour period.
• Volume surged during key bullish breaks, confirming the strength of upward moves.

Qtum/Tether (QTUMUSDT) opened at $2.113 on 2025-09-26 12:00 ET, and closed at $2.176 the following day. The pair reached a high of $2.203 and a low of $2.145 within the 24-hour window. Total volume reached 383,275.9, while notional turnover was approximately $798,900 (based on average price). The price action showed a clear upward bias, supported by rising volume and key bullish candlestick patterns.

Structure & Formations

The 24-hour chart shows a strong bullish bias, with key resistance forming around $2.19–2.20 and support clustering near $2.16–2.17. A bullish engulfing pattern emerged on the candle closing at $2.176 (02:15 ET), where the close exceeded the previous candle’s body. A doji appeared at $2.161 (04:15 ET), signaling indecision after a sharp decline. The price found support at $2.16 and rebounded with confirmation from volume.

Moving Averages & Momentum

The 15-minute 20-period moving average (SMA20) crossed above the 50-period SMA, forming a golden cross that suggests short-term bullish momentum. The 50-period daily SMA was at $2.156, and the 200-period SMA at $2.134, indicating the price is above key long-term support. MACD showed a positive divergence with rising volume, while the RSI remains neutral, currently at 58, suggesting no immediate overbought conditions.

Bollinger Bands & Volatility

Bollinger Bands showed moderate volatility expansion throughout the session, with the price spending significant time in the upper half of the bands, especially between 19:30 and 21:30 ET. The 20-period BB width reached its maximum at around 0.033, or roughly 1.5%, signaling increased uncertainty and potential consolidation.

Volume & Turnover

Volume was notably higher during key bullish moves, especially after 19:30 ET when the price surged past $2.19. The largest single 15-minute volume spike occurred at 21:30 ET (38,327.9 volume), confirming the strength of the move. Notional turnover aligned with price, with no significant divergence noted.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $2.16 to $2.203, the 61.8% level sits at $2.183 and has held as a minor support/resistance. The 38.2% level at $2.175 is near the 24-hour closing price, suggesting consolidation may occur in this range.

Backtest Hypothesis

Given the strong bullish patterns and confirmed support levels at $2.16–2.17, a potential backtesting strategy could focus on long entries at the open of a bullish engulfing pattern with volume confirmation. A stop-loss could be placed below the nearest Fibonacci 61.8% level at $2.183, with a target at the 24-hour high of $2.203. This approach leverages both pattern strength and volume as a confirmation filter. A trailing stop could be considered once the price breaks above $2.19 for improved risk/reward.