$QTUM Price Analysis: Strong Bullish Momentum with Key Levels in Focus
QTUM has experienced a significant surge, currently trading at $4.12, reflecting a 41.41% gain in the past 24 hours. After reaching a high of $4.966, the price has slightly retraced and is now consolidating around $4.12, indicating strong market interest and bullish momentum.
Key Levels to Watch:
Resistance: $4.50 – A breakout above this level could push QTUM toward $4.90 and potentially $5.20.
Support: $3.85 – Holding this level is crucial for maintaining bullish sentiment; a breakdown could lead to a retest of $3.50.
Trade Setup:
Long Entry: Above $4.50, targeting $4.90 and $5.20.
Short Entry: Below $3.85, targeting $3.50 and $3.20.
Stop Loss: $4.00 for long positions, $4.30 for short positions.
Technical Indicators:
RSI: 50.83 – Neutral, leaving room for further upside if momentum strengthens.
MACD: Bullish crossover, signaling potential for further gains.
Bollinger Bands: Price is near the upper band, suggesting possible expansion.
Market Insight:
The breakout above $4.00 has reignited bullish sentiment in QTUM/USDT. A sustained move above $4.50 could attract more buyers, potentially pushing the price to new highs. However, if QTUM fails to hold $3.85, short-term selling pressure could emerge. Traders should closely monitor volume for confirmation of the next move.
#PCEInflationWatch #CzechBitcoinReserve? $QTUM
