Qtum/Tether (QTUMUSDT) Market Overview

Summary
• QTUMUSDT opened at 1.859 and closed at 1.863, with a high of 1.886 and low of 1.820.
• Key support near 1.844 and resistance near 1.87–1.886 confirmed by recent price reactions.
• Rising volume and price consolidation suggest potential for breakout or pullback.
• RSI near 50 implies neutral momentum, while MACD signals mixed short-term bias.
• Volatility expansion observed, with Bollinger Bands widening through key 15-min intervals.

Qtum/Tether (QTUMUSDT) traded in a 24-hour range of 1.820–1.886, opening at 1.859 and closing at 1.863. Total trading volume reached 355,934.8 and turnover amounted to approximately $659,617. The pair showed moderate price consolidation after a sharp intraday high, with mixed momentum signals.

Structure & Formations

QTUMUSDT formed key support at 1.844, where price found buying interest after a 15-minute bearish engulfing pattern. Resistance emerged at 1.87–1.886, marked by a bullish reversal after a sharp spike. A morning doji near 1.868 indicated indecision ahead of consolidation.

Moving Averages

On the 15-minute chart, price hovered above the 20 and 50-period moving averages, suggesting short-term bullish bias. On the daily chart, the 50-period MA crossed above the 100-period MA, signaling a potential medium-term upward trend.

MACD & RSI

The MACD crossed into positive territory midday but weakened as divergence emerged between price and momentum. RSI settled near 50, indicating neutral short-term momentum. Overbought conditions at 1.886 suggested a potential pullback.

Bollinger Bands

Bollinger Bands expanded significantly following the 1.886 high, with price moving toward the upper band before retracting. This suggests increased volatility and potential for a test of key support levels in the near term.

Volume & Turnover

Volume surged near the 1.886 high and again at the 1.868 reversal, confirming bullish intent. Turnover remained in line with price, indicating strong conviction in key levels. Divergences in volume were minimal, supporting price action validity.

Fibonacci Retracements

Key retracement levels aligned with recent support at 1.844 (61.8%) and resistance at 1.868 (38.2%). The 1.886 high marked a potential 78.6% extension of a prior bullish leg, suggesting a possible consolidation phase ahead.

Backtest Hypothesis

A backtesting strategy utilizing daily candlestick signals—specifically 20/50-period moving average crossovers, RSI divergence, and Bollinger Band breakouts—could provide a framework for assessing entry and exit points. The proposed “Hold for 24 hours” rule aligns with QTUMUSDT’s volatility profile, aiming to capture short-term swings while limiting exposure. Using close prices ensures realistic execution assumptions for automated or discretionary trading.