QTUM follows the other cryptos and feels bad on Tuesday, but we think that the currency pair still looks promising and is able to change the tendency in the nearest future. The currency pair has lost more than six percent in the past 24 hours.
QTUM tested the resistance area at $9.23 on weekend but bears were stronger than bulls and prevented them from progressing higher. However, the price stopped at $8.26 currently. QTUM has reached the ascending trend line.
As for the possible ways, we think that QTUM is bullish and the currency pair is going to resume its uptrend line the nearest future. QTUM/USD is going to reach the closest resistance area at $9.23 at least. IF bulls successfully test it, the currency pair will progress higher.
Bears seem to unable to push it lower, but if they have enough power, they will run the currency pair towards the next support area at $7.47.
Check the full crypto analysis HERE>>>.
QTUM tested the resistance area at $9.23 on weekend but bears were stronger than bulls and prevented them from progressing higher. However, the price stopped at $8.26 currently. QTUM has reached the ascending trend line.
As for the possible ways, we think that QTUM is bullish and the currency pair is going to resume its uptrend line the nearest future. QTUM/USD is going to reach the closest resistance area at $9.23 at least. IF bulls successfully test it, the currency pair will progress higher.
Bears seem to unable to push it lower, but if they have enough power, they will run the currency pair towards the next support area at $7.47.
Check the full crypto analysis HERE>>>.
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