- The Qtum coin price sustains above the EMA-55 during intraday.
- The 24-hour trading volume is at $183 million.
- QTM/BTC pair is trading positive by 2.5% at 0.00021698 BTC.
On the daily price 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 sustains above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in QNT.
Trading volume (2.996 K) is beneath the 20-day moving average (46.39 K). The volume is less, so the cost is in a range. Investors may also find that the volume is decreasing. This indicates that unusual fluctuations are common on subsequent trading days.
Qtum Coin Price Action Seems in a Range-Bound Below Resistance
Qtum coin daily price charts show a sideways trend. Based on the price action, the resistance zone is located at 15- 16 USDT. On the other hand, the support zone to look for is 8- 9 USDT. Therefore, the chart shows an inverted hammer candlestick pattern during the day.
The RSI gave a signal of 54 which is (neutral), projecting a flat trend in the currency for the short-term. Investors can observe an RSI line is stuck at a range of 50 on the index. It can surge 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 tiny red bars on the Histogram index.
Conclusion
Today’s price for Qtum is $13.25 with a 24-hour trading volume of $183,572,353. The price of QTUM has increased 2.2% in the past 24 hours. It has a circulation of 100 million QTUM coins and a total inventory of 108 million coins.
The RSI shows a neutral sign, and MACD points to a sell signal. The traders have prompted low volume. In fact, the cost is stuck in a range below resistance levels. A market overview also shows that this pattern will continue to rise in the coming trading days.
Resistance Level: $15- $16
Support Level: $8 – $9