QTUM Price Prediction: Long-term (QTUM) Value Forecast – July 13

  • QTUM/USD market's bears have pushed price down to trade around its 50-day SMA indicator.
  • The QTUM/USD market's bulls have not shown a reliable signal to make a quick upswing.

QTUM/USD Long-term Trend – Bearish

  • Distribution territories: $6, $7, $8
  • Accumulation territories: $2.50, $2, $1.50

QTUM market valuation has been overwhelmed by the US dollar after being unable to move ahead in the trade from the buy signal side of the smaller SMA indicator this week. The crypto’s market value has gone down below the 14-day SMA to trade a bit below the 50-day SMA.

Price now appears eyeing a near low point at $3. The Stochastic Oscillators have slightly penetrated into the oversold zone. They look like closing the hairs soon around range 20.

The QTUM/USD bears may eventually get a push in the market to locate a position entry around the $3 mark so that the bulls have a good opportunity to launch a rebound at a later time. However, the bears’ strength to the downside has been getting weak. But, then, the bulls have not shown a reliable signal to make a quick upswing. In addition, price is also likely to consolidate around $4 mark in the next trading sessions.

Qtum:

Live Qtum (QTUM) Price:

1 QTUM/USD =$2.7828 change ~ -0.28%

Coin Market Cap

$269.7 Million

24 Hour Volume

$105.03 Million

24 Hour VWAP

$3

24 Hour Change

$-0.0077

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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