QTUM/USDT Maintains Bullish Bias Above Key Moving Average
$QTUM

200-period Moving Average (MA)
The current price of $2.465 is above the 200-period moving average at $2.412. This suggests a bullish sentiment as the price holds above this critical support level, reinforcing upward momentum.

Relative Strength Index (RSI)
The RSI is at 60.13, indicating positive momentum. Positioned above the neutral 50 mark, the RSI reflects buying pressure, with potential for further gains. However, the approach to overbought levels suggests possible resistance ahead.

Moving Average Convergence Divergence (MACD)
The MACD shows a bullish crossover, with the MACD line above the signal line, and a positive histogram. This indicates sustained upward momentum, with the possibility of continued price appreciation if buyers remain active.

Bullish Scenario
Should QTUM/USDT maintain its position above the 200-period MA, it may challenge resistance around $2.600. Breaking above this level could intensify bullish momentum, potentially targeting $2.800 if the upward trend persists.

Bearish Scenario
If QTUM/USDT encounters selling pressure and falls below $2.400, it could test support around $2.300. A drop below this support could signal a bearish reversal, with potential downside risks towards $2.100 if selling momentum builds.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please make all investment decisions at your own discretion.