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Qtum (QTUMSD) Price Triggers Bullish Move

Azeez Mustapha
Updated 2 min read
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Qtum (QTUMSD) Price Triggers Bullish Move

Qtum (QTUMUSD) Price Forecast: August 26

The QTUMUSD pair today triggers a bullish move with a reversal pattern, as it trades steadily above crucial levels, facing high volume from the bulls. Thus, if the bulls could step up their efforts and increase their buying intention, the $3.524 upper resistance level might be the aim as it rises further, reflecting promising growth.

Key Levels:
Resistance Levels: $3.522 $3.523, $3.524
Support Levels:    $1.989, $1.988, $1.987

QTUM (USD) Long-term Trend: Bullish (Daily Chart)

The Qtum market value is expected to rise in the long term. The coin price is approaching the overhead resistance with massive volume from the bulls. As a result, the recent market structure has favored bulls, suggesting a bullish trend.
Qtum (QTUMSD) Price Triggers Bullish Move The cryptocurrency has significant buying interest in the past, which enabled it to sustain steady upward movements at its most recent peak.

As the bulls prepare for a significant rise, the price of Qtum is rising again today on the daily chart with a bullish candle at a high point of $3.402 above the EMA-50.

The coin price may therefore break out, hitting a previous high of $3.524 prior to a range collapse, if the bulls shift their focus and accelerate their buying operations.

Additionally, the QTUMUSD price is upward on the daily signal. In light of this, the token price may skyrocket to a $3.560 upper resistance level in the near days on the higher time frame.

QTUM (USD) Medium-term Trend: Bullish (4H Chart)

According to its medium-term outlook, the coin price is still trading in a bull market.
Qtum (QTUMSD) Price Triggers Bullish Move During yesterday’s session, the bulls showed courage by driving the price of Qtum to a high of $3.296. This move helped the cryptocurrency price stay above the supply trend levels in recent times.

A bullish influence on the coin is implied by the upward advance today to a resistance level of $3.220 above the EMA-50. As a result, buyers have gathered around the market.

There may be additional upside, reaching the prior resistance level of $3.524, indicating that traders are buying the crypto and the bulls remain at the top of the market.

Furthermore, the QTUMUSD market is pointing up on the daily signal. Thus, there is a high probability that the coin price increases to the $3.580 supply mark in the coming days in the medium-term view.

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