<em><strong>The Quantum (QTUM) prices escape the consolidation range and beat the 50-day SMA, teasing an uptrend continuation to the $4 mark.</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The QTUM prices jumped by 5.58% today at press time.</li>
 	<li>The market value of Quantum breaks above the 50-day SMA.</li>
 	<li>The 24-hour trading volume of Quantum is $120 Million, indicating a hike of 10%.</li>
</ul>
<h3>Past Performance of QTUM</h3>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/qtum-technical-analysis-is-this-the-best-time-to-buy-quantum" target="_blank" rel="noopener">previous analysis</a>, the reversal from $2.59 breaking the 50-day SMA was the best time to buy QTUM. The daily technical chart shows the prices display a successful post-retest reversal from the 50-day SMA resulting in a 13% jump in the last 48 hours. In addition, the bullish reversal from the $2.59 support level accounts for a price jump of 44% in the previous two weeks.

<img src="https://s3.tradingview.com/snapshots/1/1E7bIRjC.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/1E7bIRjC/">Tradingview</a>
<h2>QTUM Technical Analysis</h2>
The QTUM daily candle showcases a 5.5 % growth acting as the follow-through candle of the morning star pattern formed at the 50-day SMA. Hence, traders can expect the bullish trend to surpass the $3.6 resistance level and reach $4.

The RSI and MACD indicators display an increase in buying pressure and maintain an optimistic outlook for the upcoming trend.

The RSI line reverses to 50% to sustain in the nearly overbought zone and reaches the 70% boundary. Additionally, the MACD and signal lines maintain an uptrend in a bullish alignment above the zero line.

Hence, the momentum indicators and the price action analysis go hand-in-hand and give an overall bullish vibe.

In a nutshell, the QTUM technical analysis forecasts a high likelihood of an uptrend continuation to the $4 mark.
<h2>Upcoming Trend</h2>
If the bull run continues above the 50-day SMA, the QTUM prices will skyrocket to the $4 mark this weekend.  However, the reversal from $3.60 will result in a dip to the bottom support at $3.

Resistance Levels: $3.60 and $4

Support Levels: $3 and $2.60

QTUM Technical Analysis: Will This Range Breakout Cross $4?

According to this technical analysis, QTUM prices escape the consolidation range and beat the 50-day SMA, teasing an uptrend continuation to the $4 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

QTUM Technical Analysis: Will This Range Breakout Cross $4?

Top Picks