QTUM Price Prediction Today: Daily (QTUM) Value Forecast – June 25
- The short and medium-term outlook is in the uptrend.
- Buying at the pullback with bullish reversal candlesticks 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 continues in a bullish trend in the medium-term outlook. The retest at $3.79 did occur as predicted on 22nd June. QTUMUSD shot up to $4.44 in the supply area same day. The bulls returned back to the market after a minor correction to $3.72 in the demand area.
$4.32 in the supply area was yesterday high as the bulls maintained a stronghold of the market.
Today market continues on a bullish note with the opening price at $4.17. QTUMUSD rose to $4.49 in the supply area before exhaustion as denoted by the wick in the candle at the supply area.
Retracement to the 38.2 or the 50.0 fib area may occur before upward continuation in the medium-term as the signal of the stochastic oscillator points down at 87% in the overbought region.
$4.80 in the supply area is on the card as the bulls resume the upward price movement.
QTUM/USD Short-term Trend: Bullish
Qtum is in an uptrend in the short-term outlook. The bulls had a gradual returned at $3.76 shortly after the doji formation as the market opens yesterday. $4.31 was the high of the day as the bulls continue to dominate in the short-term.
This momentum was sustained as the market opens today at $4.23. Increased bullish momentum led to the cryptocurrency up at $4.48 in the medium-term. A market correction was necessary as the drawdown pushed price to $4.10 at the trendline.
A bounce to the upside is most probable as the candle showed exhaustion by the wick hence bulls returned.
The bulls may sustain the momentum to the upside with $4.60 in the supply area for a retest.
Live Qtum (QTUM) Price:
1 QTUM/USD =$18.9113 change ~ 30.99%
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