While the cryptocurrency continues recording a mixed price action with top cryptocurrencies hovering around their important trendlines, the QTUM price has surged more than 45% overnight. Notably, the rally was recorded following a massive surge in the Quantum computing stocks yesterday.
Considering the present market sentiments, investors are curious with questions like “How high will QTUM go?” and “Top reasons why QTUM altcoin is rising?” In this article, we have covered the market sentiments and possible short-term QTUM price analysis just for you!
The QTUM price jumped 46.15% in 24 hours with a trading volume of $1.037 billion, a change of 2,507.87. Moreover, it has added ~43% to its valuation in seven days and has a YTD return of +37.54%. Moreover, with a market cap of $436.1 million, it has secured the 148th position.
The Simple Moving Average (SMA) records a strong bullish curve in the daily time frame. Moreover, it constantly acts as a support to the price chart. This suggests an increase in the buying-over-selling pressure for the altcoin in the crypto market.
On the other hand, the MACD indicator displays a rising green histogram with its averages witnessing a bullish convergence in the QTUM price chart. This highlights a positive outlook for the 149th largest crypto token during the upcoming week.
If the bulls outrun the bears, the QTUM price could retest its resistance level of $4.450. Maintaining the price above that level could set the stage for this altcoin to head toward its upper resistance level of $5 in the upcoming time.
However, if a bearish reversal occurs, this could pull the price toward its support level of $3.750. Furthermore, if the bearish sentiment intensifies, the QTUM crypto may plunge toward its important support trendline of $3.085 this month.
Are you one of many who are closely watching QTUM crypto following its breakout rally? Read the latest QTUM Price Prediction to explore the possible long-term possibilities!
If the bullish sentiment sustains, the QTUM coin price could reach a maximum trading value of $10 this year.
With increased adoption in the crypto market, the Qtum price could range between $25 and $50 during the year 2030.
With a surge of 2,507.87% in its daily trading volume, the QTUM coin price is exchanging hands at $4.247.
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