Market Overview: Qtum/Tether USDt (QTUMUSDT)

• • QTUMUSDT posted a 0.43% 24-hour gain amid a narrow but bullish consolidation in the 2.60–2.62 range.
• • Key resistance at 2.621 retested multiple times; volume surged at 2.630 in late session, suggesting bullish pressure.
• • RSI remains neutral (55–60), MACD in bullish territory, and volatility expanded as Bollinger Bands widened.
• • Total 24-hour volume rose 19% from prior 24 hours; turnover reached $219,313 with no significant divergence from price.
• • A 61.8% Fibonacci retracement level at 2.606 appears to have held as immediate support, indicating short-term stability.

Qtum/Tether USDt (QTUMUSDT) opened at 2.597 on 2025-09-09 at 12:00 ET and closed at 2.619 on 2025-09-10 at 12:00 ET, reaching a high of 2.630 and a low of 2.584 over the 24-hour period. Total volume traded was 756,162 contracts, while notional turnover totaled $219,313.

Structure & Formations

QTUMUSDT displayed a bullish consolidation pattern in the 2.60–2.63 range, with a 2.621 key resistance level tested three times. A strong bullish engulfing pattern appeared at 05:15 ET on 2025-09-10, signaling potential for a breakout. A doji formed at 03:00 ET, indicating indecision between buyers and sellers. The 2.606 support level (61.8% Fibonacci retracement of a prior 2.584–2.630 move) held strongly, suggesting short-term stability.

Moving Averages

The 15-minute chart shows the 20-period MA at 2.608 and the 50-period MA at 2.605, with price currently above both, suggesting a bullish bias in the short term. On the daily chart, the 50-period MA sits at 2.598, while the 200-period MA is at 2.591, indicating a longer-term bullish trend. Price action suggests a potential retest of the 50-period MA as a possible trigger for a breakout.

MACD & RSI

The MACD line stands at 0.009 with a positive histogram, while the 9-period signal line sits at 0.006, indicating increasing bullish momentum. RSI has remained in the 55–60 range for most of the session, suggesting neither overbought nor oversold conditions. A potential breakout above 2.621 could push RSI toward overbought territory (70+), while a retest of 2.606 would likely bring RSI closer to 50.

Bollinger Bands

Bollinger Bands have widened significantly as volatility increased, with the upper band reaching 2.634 and the lower band at 2.586. Price closed at 2.619, currently above the 20-period SMA (middle band), indicating a potential continuation of the upward trend if the upper band is breached.

Volume & Turnover

Volume increased significantly during the 15:15–16:00 ET time frame (2025-09-10), with a notable spike at 15:15 ET (volume: 28,292) when price reached 2.630. Total notional turnover spiked to $14,444 during this period, confirming the strength of the breakout attempt. There was no notable divergence between price and volume, indicating that the recent bullish action is supported by strong participation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 2.584–2.630 swing, key levels include 38.2% at 2.608, 50% at 2.607, and 61.8% at 2.606. Price held above the 61.8% level, suggesting a potential for continued consolidation above this support. The 2.630 high is now acting as a psychological and technical resistance; a close above this level could signal a more aggressive bullish phase.

Backtest Hypothesis

Given the strong support at 2.606 and the recent bullish engulfing pattern, a backtesting strategy could look to enter long at a 0.5% stop above 2.606, with a first target at 2.621 and a second target at 2.630. A stop-loss at 2.596 would protect against a potential breakdown. This approach is grounded in the recent price structure and confirmed by volume surges and MACD strength. This hypothesis aligns with the observed Fibonacci and RSI dynamics, offering a balanced risk/reward profile.