Qtum (QTUMUSDT) 24-Hour Market Overview

Qtum (QTUMUSDT) closed at $2.303 on July 16, 2025, after trading between $2.231 (open) and $2.331 (high). Total volume reached ~214,000 units, with total turnover summing to ~45,000 USD over the 24-hour period. The market displayed persistent volatility near key technical levels.

Summary

• Price range: Traded between $2.23 and $2.33, closing near $2.30 after rejecting $2.33 resistance.
• Key support: $2.28 held during a late pullback, flagged by a bullish pin-bar candle at $2.276.
• Volume surge: Spiked to 12,157 units near $2.32, signaling resistance and bearish divergence.
• Pattern alert: A bearish engulfing candle formed at $2.33, hinting at near-term profit-taking.

Structure & Formations

The $2.28 level acted as a critical support pivot, absorbing downward pressure during the July 16 morning session. Resistance at $2.32 saw multiple rejections, with price failing to hold gains after breaching it briefly. A rising wedge pattern emerged between $2.27 and $2.31, suggesting a potential breakout or breakdown over the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period MA ($2.295) remains above the 50-period MA ($2.288), signaling short-term bullish bias. A potential crossover could occur if price drops below $2.285, risking a shift to bearish momentum.

MACD & RSI

The MACD line crossed above its signal line earlier today, reflecting renewed buying pressure. However, the RSI (14) dipped to 52, indicating neutral momentum but no overbought/oversold extremes.

Bollinger Bands

Price hugged the upper band ($2.325) at resistance, signaling elevated volatility. A reversion toward the 20-period SMA ($2.295) could test intermediate support.

Volume & Turnover

Total volume exceeded 214,000 units, with the highest spikes aligning with the $2.30–$2.33 resistance zone. A bearish divergence emerged between rising price and declining turnover volume near $2.32, suggesting waning buying interest.

Fibonacci Retracements

Between the July 15 low ($2.231) and July 16 high ($2.331), the 38.2% retracement ($2.286) acted as key support, while 61.8% ($2.309) formed mid-range resistance.

Forward Outlook

Qtum appears poised for a directional break from the $2.28–$2.32 range. A sustained move above $2.32 could target $2.35, while a close below $2.28 may extend declines toward $2.25. Investors should monitor volume confirmation at key levels and remain cautious of crypto market-wide volatility.

Always consider risk management; crypto markets are highly volatile.