In an analysis by crypto analyst Decilizer on X, it was noted that QTUM price has successfully broken through a key resistance level at $2.92 on the Binance exchange.
This breakthrough is visually confirmed in the accompanying chart, where QTUM price has surged past this threshold, signaling a bullish trend. Currently, QTUM is trading at around $3.3, with a daily increase of about 24%, indicating that the momentum from the breakout is still very much alive.
Volume Analysis for QTUM Price
The volume analysis shows a significant increase in trading activity correlating with the price breakout. This rise in volume is a strong indicator of considerable buying interest, pushing QTUM towards its next target.
The chart also highlights an upward trend, with QTUM following a green trendline that appears to be a moving average, providing additional confirmation of the bullish trend.
Key Levels for QTUM Price Surge
Key support levels are identified at $2.444, $2.340, and $2.217, offering potential areas for price stability in case of a pullback. On the resistance side, after breaking $2.92, the next significant level to watch is the ambitious target of $5.40, as suggested by the analyst. While this target may seem lofty, the current trend and surge in volume suggest it’s within reach if bullish momentum persists.
The chart includes what appears to be the MACD histogram at the bottom, which shows a spike in line with the volume increase. This indicates the growing momentum behind the QTUM price surge, reinforcing the bullish scenario described by Decilizer.
Decilizer’s analysis, supported by the chart data, paints a promising picture for QTUM. The breakout above the $2.92 resistance level, coupled with rising volume, suggests strong market confidence. With the price action indicating a clear upward trajectory, QTUM could potentially see a spike of over 40% toward the $5.40 mark.
