- Qtum coin price is currently observing a strong consolidation but can soon revert to the uptrend. In contrast, it is up by more than 0.8% in the past 24 hours.
- The technical indicators of the QTUM hints towards a strong upside momentum in price. Meanwhile, QTUM/BTC pair is down by more than 1.8% in the past 24 hours
Qtum crypto price market dominance along with the market cap has seen a decline in the past few weeks. The coin price has to cover more than 87% to break its all time high. The volume to market cap ratio of the QTUM hints towards a strong upside momentum in price.
Why To Invest In QTUM Crypto?
QTUM crypto price is currently seeing a weak upside trend which has less momentum . QTUM coin price is currently trading near the value of $13 and has seen a gain of more than 0.8% in the past 24 hours. The platform is a general purpose network which aims to remove four major issues its founders found most problematic in BTC and ETH blockchain platforms: interoperability, governance, rigidity and costliness of proof-of-work mechanism and difficulty of connecting smart contracts with real life applications. One can invest in QTUM according to their needs and price action scenario.
QTUM Crypto Price Technical Indicators Suggests A Consolidation For Future
The weekly technical chart of QTUM suggests a weak bearish momentum in price for the future . On coming to the daily chart the QTUM price is currently trading above 50 and 100 Daily Moving Average, with a positive crossover in the past. The 50MA line is at $12.7, making it a temporary support region for the price. Resistance of the QTUM while going upwards can see a resistance near $20. While moving downside, the coin price might see a support zone near the value of $10.. If the price goes 10% above the current price then a strong uptrend till $20 can be seen. QTUM/BTC pair can also observe a new high in future. One can forecast a strong upside trend in upcoming days.
Conclusion
QTUM coin price is currently seeing a consolidated momentum but can soon revert to a new high. QTUM/BTC pair is also seeing a weak momentum and can soon see a new high
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Technical Levels
Major Support:$12
Major Resistance:$22