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      QTUM – What is the Chart Showing Us? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 11, 2021

      6:56 PM UTC

      QTUM – What is the Chart Showing Us? - Stocks Telegraph

      At the time of writing QTUM is being traded at the price of $9.93. The price of the coin has decreased by almost 7.73% in the past 24 hours. The maximum and minimum of the day are around $10.83 and $9.57. The daily trading volume has on the other hand has increased by almost 18.11% in one day. QTUM is listed on coinmarketcap at 90th spot according to market capital and has a market dominance of about 0.04%.

      QTUM before the crash had achieved its all-time high around the price of $65.6 in May 2021. During the crash, it created a bottom and dropped down to $4.439. Just like many other coins, the coin showed reversal but it wasn’t strong enough and now is nearly at the bottom again and has nearly retraced back to the position which it had during the month of August.

      It has a total supply of around 103M tokens and has nearly all of them in circulation around 98.9M. It can be traded at a lot of different exchanges such as Binance, OKEx, Mandala Exchange, and Huobi Global.

      Technical Analysis – Qtum

      On the daily time frame, we can see that the price had shown beautiful movement upwards. A few weeks back, we can see that the price showed impulsive movement upwards. This move resulted in the price of QTUM shifting the structure and breaking the previous structure. At that point, an order block was created.

      Eventually, the price of QTUM failed to create another higher high and started to fall down. Soon that the price showed an explosive move downwards leaving behind an imbalance. The price fell down to such a level that the Order block was mitigated.

      QTUM -1D

      Now the price can show an explosive move soon. We can expect the price to drop down and mitigate the border block again. However, we should be looking for lower-time confirmations to take a possible entry in the coin. If the level of order block fails then we can go quite lower in the price. If it holds, we can soon expect a big move upwards.

      Price Prediction

      QTUM has been one of the highly bullish coins in the market. According to wallet investor, QTUM in one year is expected to reach a value of $21.211. In five years, it is expected to touch $65.955\. This shows that QTUM has a huge amount of potential in it and would give an amazing return to the people who would hold it.

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