QTUM Price Prediction Today: Daily (QTUM) Value Forecast – July 26

  • The bulls are in control of the short and medium-term outlook.
  • Traders may consider buying at pullback areas.

QTUM/USD Medium-term Trend: Bullish

Supply zone: $4.00, $4.50, $5.00
Demand zone: $2.50, $2.00, $1.50

QTUM is in a bullish trend in the medium-term outlook. Yesterday session had the rally sustained with a lager bullish candle with the cryptocurrency price up at $3.16 in the supply area with $2.98 as the opening price. The key supply area at $3.20 was the point of rejection as the bears returned and pushed the coin to $3.05, the low of the day.

The bears briefly held on as market opens today at $3.07 with a further drop in the coin to $2.93 in the demand area before it lost momentum. Price is back up at $3.16 with the breakout at the 10-EMA.

The bullish momentum may be sustained in the medium-term with the target at the key supply area of $3.20 after the break of the resistance at the 50-EMA. A possible breakout to continue the upward momentum may occur.

QTUM/USD Short-term Trend: Bullish

QTUM is in an uptrend in the short-term outlook. The cryptocurrency is in an ascending channel. The bears had a good run during yesterday session at $3.16 in the supply area shortly after the bulls lost stem.

Increased bearish momentum pushed the coin to $3.05 in the demand area as the low of the day and continued as today session opened to $2.94 at the lower line of the channel before it lost momentum.

The bulls are back in the control as confirmed by the engulfing candle at $2.97 at the lower line of the channel.

Price is up at $3.07 with above the two EMAs while the stochastic oscillator signal points up at 51% an indication of upward momentum in price in the short-term.

The upper line of the channel is the bulls target at $326 in the supply area in the shirt-term.

Live Qtum (QTUM) Price:

1 QTUM/USD =$2.6337 change ~ -4.51%

Coin Market Cap

$255.27 Million

24 Hour Volume

$62.06 Million

24 Hour VWAP

$3

24 Hour Change

$-0.1188

 

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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