Quantum coin (QTUM) Technical Analysis 2021 for Crypto Traders
Quantum coin is a cryptocurrency that was created in 2017 and launched on October 13th of the same year. It’s based on an upgraded version of the Ethereum blockchain and has been designed to be scalable while still being able to support smart contracts.
The qtum coin price prediction 2025 is a technical analysis of the Qtum coin. It includes information about the QTUM coin, such as where it was created and what it can be used for.
We utilize historical data, Price Patterns, RSI, and other QTUM information to evaluate the future movement of cryptocurrencies in Technical Analysis of Quantum Coin QTUM for 2021.
Qtum (pronounced “quantum”) is an open source smart contract blockchain platform and value transfer mechanism based on Proof-of-Stake (PoS). Its aim is to bring the benefits of Bitcoin and Ethereum together in a single chain. UTXO transaction paradigm with smart contract execution and DApps features. DeFi applications have recently been added to the platform.
The concept was launched in March 2016, and an ICO was held a year later in March 2017, generating $15 million for the project’s creator. On September 13, 2017, the Qtum main chain was launched. Originally, Qtum coins were released as ERC20 tokens, but with the introduction of the mainnet, they were changed to native blockchain.
Current Market Situation for Quantum Coin (QTUM)
At the time of writing, the QTUM price was trading at $9.3 with a 24-hour trading volume of $285,666,630, according to CoinGecko. QTUM, on the other hand, has risen by 5.5 percent in the past 24 hours.
Furthermore, there are 103,482,795 QTUM in circulation. QTUM is now available for purchase on Binance, Huobi Global, OKEx, FTX, and BitForex.
Quantum Coin QTUM Technical Analysis 2021
Quantum Coin (QTUM) may achieve new heights as a result of recent improvements and enhancements. Let’s take a closer look at the Quantum Coin QTUM Technical Analysis 2021. Below is a weekly and daily time frame chart showing two perspectives of the Quantum (QTUM) pattern.
Weekly Time Frame Chart for QTUM/USDT (Source: Tradingview)
From 2018 through 2020, the weekly time frame chart depicts the “Consolidation Phase,” in which cryptos are traded in a narrow range ($1.5 – $5.5). This implies that QTUM has a solid base area. Initially, QTUM’s volume was low, but after 2021, it surged (Volume Spurts), indicating that more purchasers are interested in this coin. The price then broke through the $5.520 resistance level, entered the Markup zone, and hit an all-time high. The price fell to the previous Resistance level ($5.5) after the Strong Rejection at Resistance region, as seen in the above chart. Furthermore, if additional traders show interest in buying this coin, the price range between $40 and $50 may be reached.
Expansion Pattern QTUM/USDT (Source: Tradingview)
The Expansion trend of QTUM may be seen on the daily time frame chart. The price of QTUM is now trading at the trendline support level, according to this pattern. If the token breaks through the trendline resistance level, it will hit the $21 goal.
RSI, RVOL, and MA for Quantum Coin (QTUM)
The Relative Volume (RVOL) of QTUM is shown in the graph below. In general, day traders use relative trading volume as a trading indication to compare current trading activity to typical trading volume in the past. In particular, the RVOL remains three times over the cut-off line in March, April, and the beginning of May, resulting in a Higher RVOL. The RVOL has been below the cut-off line since the middle of May and continues to do so at the time of writing, indicating weaker participation in the trend.
RVOL RVTUM QTUM (Image courtesy of TradingView)
Let’s take a look at QTUM’s relative strength index (RSI). The RSI stays at 39, as seen in the chart below. This indicates that the price of QTUM is almost oversold. However, this indicates that a significant price reversal may occur in the following days. As a result, traders must use caution while trading.
RSI QTUM (Image courtesy of TradingView)
The chart below shows the Moving Average (MA) and Exponential Moving Average (EMA) for QTUM. The moving average (MA) is a crypto indicator that is commonly employed in technical analysis. The purpose of computing the bitcoin moving average is to smooth out price data over time by generating an average price that is continuously updated. The exponential moving average (EMA) is a kind of moving average.
QTUM’s SMA is 30 days, while the EMA is 50 days. (Image courtesy of TradingView)
The QTUM price has clearly exhibited numerous bullish patterns since the beginning of 2021. In addition, if all of these factors are taken into consideration, QTUM may have a competitive market in 2021.
With the continuous improvements and enhancements to the QTUM platform. In current crypto economy, the coin QTUM has a bright future. QTUM, on the other hand, has the potential to reach unprecedented heights.
$20 is a bullish QTUM price forecast for 2021. As previously said, it has the potential to reach tremendous heights, even $50, if investors believe that QTUM is a smart investment in 2021.
What exactly is QTUM?
Qtum is an open-source smart contract platform that is decentralized. Proof-of-stake consensus is used in the Qtum value transfer protocol, which implies that node operators are rewarded for validating transactions. QTUM is the native coin.
Binance, Huobi Global, OKEx, FTX, and BitForex are just a few of the cryptocurrency exchanges that have QTUM listed. It may be traded for crypto fiat currencies, stablecoins, and other cryptocurrencies.
Will QTUM soon set a new high?
With the QTUM platform’s continuous improvements and enhancements, it has a good chance of achieving its ATH shortly.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Articles to Consider
The is qtum a good investment 2021 is a question that has been asked for quite some time. In this article, we will go over the QTUM technical analysis to see if it is a good investment.
Frequently Asked Questions
Is QTUM a buy?
It is difficult to say whether or not QTUM is a buy. The price of QTUM has been volatile, and it can be hard to predict what the future holds for the coin.
Is QTUM coin a good investment?
QTUM is a coin that has been around for quite some time and has seen some success. It is not a good investment in the sense of it being a good coin to buy, but rather its a good coin to hold on to.
Can you trade Crypto with technical analysis?
I am not an expert on crypto, so I cannot answer this question.