Qtum Faces Critical Moment as $1.88 Support at Risk of Breakdown

Qtum's price is struggling and risks falling if $1.88 support is broken. Analysts warn that a drop below $1.88 may lead to a sharp decline to under $1. However, if buyers show up, Qtum may rebound towards $3. The coin's structure is weakening, and a breakdown could usher in a bearish trend. Traders are watching for developments to determine whether Qtum remains in its range or enters a deeper bearish cycle.

Qtum, the blockchain-based platform focused on providing decentralized applications, has been experiencing a tumultuous ride in the cryptocurrency market. The coin's price has been struggling to maintain its footing above the crucial support level of $1.88 [1]. If this level is breached, analysts warn, Qtum could plummet to under $1, triggering a bearish trend [2].

The technical structure of Qtum is weakening, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators both signaling bearish sentiment [3]. These bearish signals, coupled with the breakdown of key support levels, have left traders on edge, watching for developments that could determine whether Qtum remains in its current range or enters a deeper bearish cycle.

Despite the bearish outlook, there is a glimmer of hope for Qtum bulls. If buyers manage to show up, the coin could rebound towards $3, according to some analysts [2]. This optimistic view is supported by the long-term price forecasts from Defiance Quantum ETF, which predict an average price of $69.98 in 2025 and a surge to an average of $91.62 in 2026 [1].

However, these forecasts should be taken with a grain of salt, as they are based on historical data and market trends. The cryptocurrency market is notoriously volatile, and the price of Qtum, like other cryptocurrencies, could experience significant fluctuations in the short term.

In conclusion, Qtum's price is currently locked in a battle above the crucial support level of $1.88. While the technical indicators and breakdown of key support levels suggest a bearish trend, there is still hope for bulls. Traders should keep a close eye on developments in the market and be prepared for significant price fluctuations in the short term.

References:

[1] Defiance Quantum ETF Stock (QTUM) Forecast. (n.d.). Retrieved from https://stockscan.io/stocks/QTUM/forecast
[2] Qtum price analysis: Qtum (QTUM) risks falling below $1.88. (2023, March 23). CoinJournal. Retrieved from https://coinjournal.net/news/qtum-price-analysis-qtum-qtm-risks-falling-below-1-88/
[3] Qtum Price Prediction 2023, 2024, 2025: Forecast, Chart, News, and Technical Analysis. (n.d.). CoinPriceForecast. Retrieved from https://coinpriceforecast.com/crypto/qtum/price-prediction/