Qtum Market Overview: Volatility and Mixed Momentum in 24 Hours

• Price action shows a volatile 24-hour range from $2.504 to $2.687 with a final close near $2.577.
• Momentum shifted from bullish in the early hours to bearish by the late afternoon, suggesting mixed sentiment.
• Volume spiked during the initial breakout above $2.60 and again during the pullback below $2.55, indicating key levels of interest.
• Bollinger Bands expanded during the morning highs and contracted in the late hours, reflecting reduced volatility.
• RSI briefly entered overbought territory but quickly retraced, signaling potential for a consolidation phase.

Market Overview

Qtum (QTUMUSDT) opened at $2.556 on 2025-07-20 at 12:00 ET, reached a high of $2.687, and closed at $2.577 on 2025-07-21 at 12:00 ET, trading within a 24-hour range of $2.504 to $2.687. Total volume was 1,381,948.1 units, with a notional turnover of $3,608,554.50.

Structure & Formations

The 24-hour chart shows a bullish breakout above $2.60 followed by a bearish reversal toward $2.55. A large bearish candle on the 22:30 ET session (closing at $2.544) confirmed selling pressure. A morning doji at $2.605 and a bearish engulfing pattern near $2.687 highlight key turning points.

Moving Averages

On the 15-minute chart, price moved above the 20-period MA in the early hours but quickly fell below the 50-period MA, signaling weakening momentum. On the daily chart, the 50-day MA sits at approximately $2.58, with the 200-day MA near $2.61, placing the current close slightly below the mid-term support.

MACD & RSI

The MACD line crossed into positive territory early in the morning but diverged from price as the sell-off accelerated. RSI peaked near 65 in the morning, then dropped to 45 by the close, suggesting moderate momentum and no strong overbought or oversold conditions.

Bollinger Bands

Volatility expanded during the morning highs, with the upper band reaching $2.69, and later contracted during the consolidation phase. Price spent much of the session near the lower band, indicating a risk of a potential bounce back toward $2.60–$2.62.

Volume & Turnover

Volume spiked during the breakout above $2.60 and again during the sell-off below $2.55, confirming key levels. However, the final hours saw a decline in volume despite a price rebound, suggesting limited conviction in the recovery.

Fibonacci Retracements

Fibonacci levels drawn from the 22:30 ET low ($2.544) and the morning high ($2.687) show 38.2% at $2.62 and 61.8% at $2.57. The current close is near the 61.8% level, indicating a potential support zone for the next 24 hours.

Qtum may find support near $2.57–$2.55 and face resistance at $2.60–$2.62. Traders should watch for a breakout or breakdown from this range to determine the next directional move. As always, volatility and market sentiment could shift quickly, so risk management remains key.