QTUM Price Prediction Today: Daily (QTUM) Value Forecast – July 30

  • The medium-term outlook is in a bullish trend while the short-term outlook is in a range-bound market.
  • Responsible buying may be considered.

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. The bears' brief dominance as the market opens at $2.88 was lost at 2.83 in the demand area due to rejection. The bulls gradually build up momentum with the break of the resistance at 10-EMA with the coin up at $2.91.

Increased bullish pressure on the cryptocurrency pushes price further up to $2.94 in the supply area. the rally may be sustained in the medium-term with the signal of the stochastic pointing up at 68% and price above the 10-EMA.

The bulls target is the trendline at $3.05 before possible exhaustion, the pressure may get stronger with more candles opened and closed above the two EMAs.

QTUM/USD Short-term Trend: Ranging

QTUM is in consolidation in the short-term outlook. The bears lost momentum at $2.79 in the demand area shortly after yesterday opening session. The formation of bullish pinbar signal bulls takeover price rose to $2.90 in the range. The bears stage a brief returned before the close of the day as price drops $2.84.

The bearish momentum was sustained as the market opens today within the range with a further drop to $2.82.

Price is back up at $2.94 above the two EMAs while the stochastic oscillator signal points up at 73% an indication of upward momentum in the range in the short-term.

QTUMUSD is in consolidation and trading between $3.000 in the upper supply area and at $2.800 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

Live Qtum (QTUM) Price:

1 QTUM/USD =$2.7539 change ~ -3.30%

Coin Market Cap

$266.9 Million

24 Hour Volume

$71.69 Million

24 Hour VWAP

$3

24 Hour Change

$-0.0909

 

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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