Market Overview for QTUMUSDT (Qtum/Tether) on 2025-09-20

• QTUMUSDT declined from $2.416 to $2.377, with a 24-hour low near support at $2.385–$2.391.
• Volatility expanded during the 2025-09-19 23:30 to 00:00 ET window, signaling increased selling pressure.
• Momentum slowed in the final 6 hours, as RSI flattened and volume waned despite a late consolidation phase.
• Key support at $2.390–$2.392 held multiple times, but resistance at $2.405–$2.413 remained intact.
• Turnover spiked above $100,000 near the 24-hour low, suggesting potential short-term reversal dynamics.

Qtum/Tether (QTUMUSDT) opened at $2.404 on 2025-09-19 12:00 ET and reached an intraday high of $2.416. The 24-hour period closed at $2.406 on 2025-09-20 12:00 ET, after a low of $2.377. Total volume was 464,693.3, and notional turnover reached $1,124,705, with notable divergences in the final hours.

Structure & Formations

The price action displayed a bearish continuation pattern as a key support level at $2.390–$2.392 held during three distinct downward pulses. A potential bullish reversal candle formed around $2.390 during the 05:30–06:00 ET window, but it was quickly negated by bearish follow-through. A doji candle emerged near $2.395 in the early morning, signaling indecision.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed below key support zones, reinforcing the bearish bias. On the daily chart, the 50DMA, 100DMA, and 200DMA converged around $2.400–$2.405, offering a potential line of resistance if a rebound occurs.

MACD & RSI

The MACD histogram contracted and turned bearish in the final 4 hours, with the line falling below the signal line. The RSI flattened near the 45–50 level, indicating a potential short-term equilibrium. However, it has not entered overbought territory, and the divergence between price and momentum suggests caution for further bearish bets.

Bollinger Bands

Volatility expanded sharply during the 2025-09-19 23:30–00:00 ET window, with the lower band reaching $2.377. Price traded well below the 20-period lower band, indicating overextension. The upper band hovered near $2.415–$2.42, where resistance appears to be strong.

Volume & Turnover

Volume spiked near the intraday low, reaching a 24-hour high of 46,469.3, but the corresponding turnover only reached $109,719.6, suggesting a lack of conviction. In contrast, the final 6 hours saw a volume drop despite relatively stable price action, signaling fading interest and possible short-term exhaustion.

Fibonacci Retracements

Applying Fibonacci retracements to the 24-hour swing from $2.377 to $2.416, key levels include 38.2% at $2.396 and 61.8% at $2.412. Price briefly bounced off the 38.2% level before retreating. On the 15-minute chart, the 61.8% retracement at $2.412 acted as a ceiling multiple times.

Over the next 24 hours, QTUMUSDT may test the $2.390–$2.392 support zone again, with a potential rebound into the $2.400–$2.405 range. However, bearish pressure could resume if volume picks up again and the RSI remains below 50. Investors should monitor the 50DMA and 200DMA as critical psychological lines.

Backtest Hypothesis

Given the recent consolidation near $2.390 and the bearish divergence in RSI, a backtest strategy could look to short QTUMUSDT when price breaks below the 61.8% Fibonacci retracement level ($2.396) on increased volume. A stop-loss above the 38.2% level ($2.396) would manage risk, while a target of $2.380–$2.375 could be set based on the expansion seen during the overnight session. This strategy leverages both price structure and momentum divergence, aligning with the observed bearish continuation pattern and weak volume during the rebound.