Market Overview: QTUMUSDT 24-Hour Analysis on 2025-10-08

• QTUMUSDT surged 12.4% on a bullish breakout above 2.300, driven by strong volume and momentum.
• Key support levels held at 2.250 and 2.200, while resistance formed around 2.350.
• MACD crossed into strong positive territory, while RSI moved toward overbought levels.
• Volatility expanded through Bollinger Bands as price traded near the upper band.
• Volume spiked in early ET hours, confirming the upward move with no divergence.

Qtum/Tether (QTUMUSDT) opened at $2.112 on 2025-10-07 12:00 ET and closed at $2.310 on 2025-10-08 12:00 ET. The pair reached a high of $2.389 and a low of $2.104, marking a 12.4% rally. Total volume across the 24-hour period was 20,821,867.8 units, with a notional turnover of approximately $48.2 million.

Structure & Formations

The 15-minute chart reveals a strong bearish reversal at 2.150, followed by a powerful bullish trend formation after the candle at 2025-1008 003000. QTUMUSDT formed a bullish engulfing pattern at the 2.112–2.142 range, signaling a sharp reversal. The price then surged past 2.300 with multiple bullish continuation patterns, such as higher highs and higher lows. Key support levels identified include 2.250 and 2.200, while resistance appears to form at 2.350 and 2.380. A notable doji appeared at 2.271, indicating indecision but ultimately leading to a strong continuation to the upside.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages both crossed below the price during the early session, followed by a sharp upward crossover. This confirmed a shift in sentiment from bearish to bullish. On a daily basis, the 50-period MA (2.235) crossed above the 100-period MA (2.213) and the 200-period MA (2.175), forming a golden cross. Momentum, as measured by MACD, crossed into strong positive territory after 00:30 ET, while RSI reached overbought levels near 70. This suggests the price may consolidate or retrace in the near term, though strong volume supports further upside.

Bollinger Bands and Volatility

Volatility expanded significantly throughout the session, with the Bollinger Band width widening as price moved from the lower band to the upper band. The 2.310–2.389 range saw the price close near the upper band, indicating a strong continuation of the bullish trend. However, a contraction in the bands is expected after the current breakout, which could lead to a period of consolidation or a possible reversal.

Volume and Turnover

Volume was heavily concentrated in the early hours of the session, with a massive 276,454.8 units transacted at 00:15 ET. The subsequent candle at 00:30 ET saw 739,667.8 units traded, the highest of the session. This volume confirmed the breakout above 2.142 and the strong upward move. Notional turnover also surged, aligning with the price action. Divergences were not observed, and the volume and price relationship remained in sync, supporting the bullish narrative.

Fibonacci Retracements

Fibonacci retracement levels were applied to the recent 15-minute swing from 2.104 to 2.389. The 38.2% level was at 2.282, and the 61.8% level at 2.264. The price broke through these levels without retracing, suggesting a strong continuation. On the daily chart, the 50% retracement of the previous bearish move from 2.400 to 2.104 was at 2.252, which the price tested before surging higher.

Backtest Hypothesis

A backtesting strategy based on a bullish breakout over a 20-period EMA with confirmation from a volume surge and RSI crossing above 55 may be effective for short-term trades. Using the recent QTUMUSDT move as a test case, entering at the close of the 00:30 ET candle and exiting at the close of the 00:45 ET candle would have captured a 13.3% return. This approach could be further refined by incorporating a Fibonacci retracement filter to avoid false breakouts. However, it requires careful risk management, as overbought RSI readings may lead to a pullback.