Qtum Price Prediction Today: Daily (QTUM) Value Forecast – June 4
- QTUM/USD has got the dump to trade around a low mark around $3.
- The QTUM/USD market has been ranging in the short-term run to suggest the possibility of the bears' gradual fade-off in the market.
QTUM/USD Medium-term Trend: Bearish
- Resistance levels: $3.80, $4, $4.20
- Support levels: $2.6, $2.40, $2.20
QTUM trade has been undergoing a selling pressure as the US dollar price valuation has been appreciating. The crypto had earlier achieved more value in the market to the tune of a mark a bit over the $3.80 current immediate resistance level.
Both the Bollinger Middle Band and the 50-day SMA are located above the present market’s trading zone. The Stochastic Oscillators have dipped into the oversold zone.
The market may soon be gathering support between $3.20 and $3 marks, and the bulls could as well ride on any possible spike that could come up around those points. However, the bears may regain the market control around $3.40 horizontal line while the bulls lack the energy to hold above it.
QTUM/USD Short-term Trend: Ranging
The QTUM/USD market has been trading in a range moving mode around $3.10 and $3 price levels. Yesterday, the crypto featured a line of lower lows prior to giving in a dump at the last trading hour.
The 50-day SMA is located over the Bollinger Middle Band. Yet, they still slightly point south to indicate the level of the market’s selling mote. The Stochastic Oscillators now consolidate within the oversold zone.
There has been a significant signal that the QTUM/USD market may soon start to form a confluence around $3.10 and $290 price levels. Meanwhile, if the market features for a long time in those levels, a break of their mean point at $3 mark would play a vital role in determining the market’s decent direction.
Live Qtum (QTUM) Price:
1 QTUM/USD =$25.2879 change ~ 0.62%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.