QTUM Price Analysis: QTUM Crypto Price Is Ready To See A Breakout For $20

• QTUM coin price is observing a consolidated momentum and can soon see a new high. It is up by more than 4.5% in the past 24 hours
• QTUM price technical indicators suggest a strong upside momentum for the future. In contrast, QTUM/BTC pair is down by 0.8% in the intraday session.

QTUM crypto price is currently seeing a consolidated trend but can soon jump above $20 in the future. QTUM price is up by more than 4% and is currently trading near the value of $13.. The asset has an ROI of more than 77% which can soon cross above 100% soon. It is looking for a major breakout in the upcoming days. It is currently looking to break out for the new high in the future. One can forecast that the QTUM price may soon attain a new high with the breakout in BTC.

QTUM token market dominance along with the market cap has observed a speedy recovery in the past few days. The volume of the coin has seen a decline of 24% in the last 24 hours. Volume to market cap ratio of the QTUM hints towards a strong bull momentum for the future. One can invest in the coin as per their risk adversity and price action scenario.

Bulls Of QTUM Crypto Price Are Ready To Push It Beyond $20

The weekly technical chart of the QTUM hints towards a strong upside trend for the future. On coming to the daily chart, it is observing a consolidated momentum. The hostile region of QTUM while going up can be seen near $20. Meanwhile, the support of the asset price can be observed near $10 The asset price is currently trading above the 100 and 50 Daily moving average. The 50MA line is near $9.5 making it a temporary bounceback region for the price. If the coin jumps 15 to 20% above the current level then a strong upside momentum can be observed. QTUM/BTC pair can also see a strong upside trend in the upcoming days.

Conclusion

QTUM coin price is seeing a bullish momentum on the daily chart which can soon lead it to a new high. The QTUM/BTC pair can also observe a strong upside momentum in the upcoming days. One should do their due diligence before investing in the coin.

Technical Levels

Major Resistance: $20
Major Support: $10

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