Market Overview: QTUM/USDT (QTUMUSDT) 24-Hour Summary

• QTUMUSDT tested key support near $2.13, rebounded to test $2.19 resistance.
• RSI signaled overbought conditions in late-day rally, suggesting potential pullback.
• Volatility expanded mid-day, with volume surging above average levels.
• Bollinger Bands showed contraction before a sharp breakout in early morning.
• Fibonacci retracement levels aligned with key price pivots and candlestick patterns.

Qtum/Tether (QTUMUSDT) opened at $2.162 on 2025-09-22 12:00 ET and closed at $2.187 at 2025-09-23 12:00 ET. The 24-hour range spanned from a low of $2.13 to a high of $2.206. Total volume traded was approximately 339,500 QTUM, with a total notional turnover of $663,500.

The 24-hour candlestick pattern reveals a strong consolidation followed by a decisive upward breakout. A key resistance level around $2.17–2.19 was tested multiple times and eventually broken through on the 5-hour candle, supported by strong volume. A bullish engulfing pattern formed around 03:00–03:30 ET, signaling a shift in sentiment. The price then moved into a strong bullish phase post 05:30 ET, breaking above prior highs with confirmation in both price and volume.

Structure & Formations

Key support levels identified include $2.13–2.14 and $2.15–2.16. A bearish doji formed at $2.169–2.167 between 22:15 and 22:30 ET, indicating indecision before the final push higher. Resistance was clearly defined between $2.17 and $2.19, where price found strong follow-through buying. A significant breakout above $2.206 occurred around 09:15 ET, indicating strong institutional or algorithmic buying pressure.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA mid-morning, forming a golden cross that supported the bullish momentum. The 50-period MA itself crossed above the 100-period MA on the daily chart, suggesting the price is entering a stronger uptrend phase. The 200-period MA remains below current levels, indicating medium-term bullish bias but with potential for short-term corrections.

MACD & RSI

MACD crossed into positive territory early on, signaling the start of an uptrend. The histogram expanded in the afternoon and early evening, showing increasing momentum. RSI briefly entered overbought territory at $2.206 in the morning, then dipped to oversold levels at $2.13 in mid-evening before rebounding. The RSI divergence with price at 2.167–2.169 suggests a temporary pause in momentum, but the subsequent rally validated the bullish continuation.

Bollinger Bands

Bollinger Bands showed a period of contraction between 02:00 and 05:00 ET, with price tightening around the middle band. The break above the upper band at $2.206 in the early morning marked a significant expansion in volatility. Price remained within the upper half of the bands for the remainder of the session, suggesting a continuation of the trend.

Volume & Turnover

Volume increased sharply in the early morning and remained elevated through the morning trading session. The largest volume spike occurred at 03:30 ET, when the price moved from $2.144 to $2.163. A divergence between price and volume was noted at 06:00 ET, where volume dipped despite a continued upward move. This may indicate waning buying pressure, though it was quickly followed by a strong volume surge that confirmed the breakout above $2.206.

Fibonacci Retracements

The 61.8% retracement level of the $2.13–2.206 move was at $2.177–2.180, which was respected before the final push higher. The 38.2% level at $2.159–2.161 was tested multiple times during the consolidation phase. The price action aligns with key Fibonacci levels, suggesting continuation of the trend is likely in the near term.

Backtest Hypothesis

Given the strong alignment with Fibonacci levels, the confirmation on volume, and the formation of a bullish engulfing pattern, a backtest strategy based on a breakout above the 61.8% Fibonacci level and a 20/50 MA cross could be promising. A long entry could be placed with a stop loss below the 38.2% retracement level and a take profit at the next Fibonacci extension of 127.2%. This would leverage the momentum and structure observed in the 24-hour pattern while managing risk through clear level-based exits.