Qtum/Tether (QTUMUSDT) Market Overview

• QTUMUSDT traded between $1.961 and $2.003 in the past 24 hours, closing slightly lower than its high.
• Price formed a bearish consolidation pattern late in the session, with volume decreasing from a peak of 22,335.2.
• RSI and MACD indicators suggest mixed momentum, with potential overbought conditions in the late afternoon.
• Bollinger Bands showed moderate volatility, with price near the upper band during the breakout attempt.
• Turnover and price action diverged in the overnight session, signaling possible indecision among traders.

Opening and Closing Summary

Qtum/Tether (QTUMUSDT) opened at $1.976 on October 24, 2025 at 12:00 ET and closed at $1.987 on October 25, 2025 at the same time. The price peaked at $2.003 and bottomed at $1.961 within the 24-hour period. Trading volume totaled 223,352.2 units, with total turnover amounting to approximately $445,909.10.

Structure & Formations

Price action over the past 24 hours showed a relatively strong upward bias during the late afternoon and early evening, with a temporary breakout above $2.002 before consolidating into a bearish pattern overnight. A key support level appears to be forming around $1.976–$1.981, with a possible resistance at $1.995–$2.003. A bearish engulfing pattern emerged after 02:00 ET, signaling a reversal in momentum.

Moving Averages

On the 15-minute chart, the price crossed above the 20-period and 50-period moving averages during the early evening, indicating a short-term bullish bias. However, by the early morning hours, the 50-period MA began to flatten, suggesting a potential slowdown in upward momentum. On the daily chart, the 50-period MA appears to be slightly below the 100-period MA, hinting at a more neutral to bearish longer-term outlook.

MACD & RSI

The MACD indicator showed a brief bullish crossover during the late afternoon, which coincided with a price breakout above $2.002. However, the momentum diverged after the 01:00 ET candle, with the MACD histogram shrinking despite a continued price rally. RSI reached overbought territory several times during the evening, peaking at 68, but failed to sustain above 60, suggesting a lack of conviction in the upward move.

Bollinger Bands

Volatility increased during the late afternoon breakout, with the price approaching the upper Bollinger Band. By the following morning, the bands had narrowed slightly, signaling a potential pause in volatility. The price remained within the bands for most of the session, but the closing candles showed a re-entry into the lower half of the band, indicating a possible shift in trend.

Volume & Turnover

Trading volume peaked at 22,335.2 units during the candle starting at 07:45 ET, coinciding with a price decline from $1.987 to $1.983. This suggests a potential selling climax at that point. Notional turnover also spiked during the same period, confirming the bearish price action. However, in the final 6 hours of the session, volume and turnover decreased, indicating a lack of follow-through in either direction.

Fibonacci Retracements

On a 15-minute chart, the $1.961 level corresponds to a 61.8% Fibonacci retracement of the prior $1.961–$2.003 move, making it a critical support zone. On the daily chart, the 38.2% and 61.8% retracements lie around $1.985 and $1.968, respectively. The recent consolidation has brought price into the 61.8% zone, which could either hold or trigger a deeper correction.

Backtest Hypothesis

Given the challenges in retrieving MACD bottom divergence data for QTUMUSDT, the next best approach would involve detecting divergences manually by first pulling the OHLCV data and then computing the MACD locally. This approach allows for a tailored backtest to identify historical instances where a bearish price move occurred despite a bullish MACD line or histogram. If such divergence events can be reliably identified, a short-term bearish trading signal could be triggered for the next 24-hour window, particularly if price retests key support levels around $1.976.