The crypto market has been on a major upswing in the past 24 hours, leading to major gains for various altcoins such as QTUM. The coin has made new monthly gains that have been attributed to the overall market and buying support. QTUM has, for the past few days, been making double-digit gains.
QTUM is trading at $15.70 at the time of writing after a 10.6% gain in 24 hours.
QTUM Price Analysis
The gains made by QTUM have enabled the coin to move to new highs. The new highs have enabled the coin to test the resistance at $16. However, it slumped after achieving this resistance level and dipped to the current levels.
If the QTUM gains continue, we could see the coin retesting resistance, and it could break out past $18. At this point, the next target for the coin will be $20. The overall market is on a bullish sentiment, and buying support is strong; hence QTUM’s uptrend could hold in the coming days.
On the other hand, we could also see the coin heading towards a dip if support levels are not strong. In this case, QTUM could test the lower support level of $14. This support level has not been retested in the past 24 hours, but if the bullish sentiment weakens, we could see a dip below this level.
The Quantum blockchain has been making major advancements in the market. The blockchain updated its crypto mining research and development goals to develop a superior technology that will make cryptocurrency mining more efficient. The technology aims to develop mining tools and equipment that will outperform those in existence. While this is an ambitious project for the firm, it could lead to major gains for the QTUM token if it is successful.
Where to Buy QTUM
If you want to buy QTUM, you can create an account on the following platforms:
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You can also buy QTUM from Binance. Binance is the largest exchange platform, and it supports over a hundred trading pairs. Trading fees on Binance are also low, and the platform has been equipped with friendly features that make trading easy.
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