- The QTUM coin struggles above 55-EMA during intraday.
- The 24-hour trading volume is at $194 million.
- QTUM/BTC pair is trading neutral by 0.2% at 0.00019925 BTC.
On the daily chart of QTUM coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price is floating above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in QTUM.
Trading volume (306.906 K) is below the 20-day moving average (2.871 M). The volume is low, so the cost is gradually moving downside. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.
QTUM Coin Price Trend Heading Towards The Supply Zone
QTUM coin price chart show a downtrend. Based on the price action, the supply zone is located at 15- 16 USDT. On the other hand, the demand zone to look for is 8-10 USDT. Therefore, the chart shows a inverted hammer candlestick pattern during the day.
The RSI indicator gave a signal (bearish) with 42, projecting a sell signal in the currency for the short-term. Investors can observe a declined slope from 75 to 42 on the index. It can fall in future trading sessions.
The MACD indicator gives (bearish) cross over the signal line on October 15, demonstrating a sell signal in the coin. Additionally, Investors can see the red bars on the Histogram index.
Conclusion
Qtum value today is $12.39 with a 24-hour exchanging volume of $194,786,171. QTUM cost is down – 0.2% as of now. It has a flowing inventory of 100 Million QTUM coins and an all out supply of 108 Million.
The RSI shows and MACD point to a sell signal, and the traders have prompted low volume. In fact, the cost got rejected from the supply zone and headed towards the demand zone gradually. Likewise, the general market outlook is that this pattern will continue to plunge over the next few trading days.
Resistance Level: $15 – $16
Support Level: $8 – $10