QTUM price prepares breakout run to $10

Consolidation Phase: QTUM is currently in a prolonged consolidation phase, indicating a potential breakout.
Golden Crossover Potential: The weekly chart shows the possibility of a golden crossover, a bullish signal.
Price Range Trapped: Post-2021 bear market, QTUM's price has been trapped in a consolidation range.
Recovery Trend Gaining Momentum: The late 2023 recovery trend hints at a possible reversal in the weekly chart.
Breakout Rally Likelihood: The ongoing bullish reversal within the range hints at an upcoming breakout rally.
Targeting $4.5 Mark: A breakout could potentially propel QTUM price to challenge the $4.5 level.
Trading Below Key EMA Lines: Currently, QTUM is trading below the crucial 200-week EMA line.
Morning Star Pattern Forming: A morning star pattern is forming from the 50-week EMA, indicating a bullish trend.
MACD Indicator's Struggle: The MACD and signal lines indicate a struggle to maintain bullish momentum.
200-Week EMA as Key Resistance: The 200-week EMA acts as a major resistance level for QTUM's potential breakout.
Potential for Death Crossover: A 200-week EMA breakout may increase the chances of a death crossover.
Downside Risk to $2: If QTUM fails to maintain the bullish momentum, it might retest the lower support at $2.


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