QTUM/USDT Weekly Update!

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Now, let’s dive into this chart analysis:

QTUM is holding the supporting trendline at $2.5. This is a crucial juncture for QTUM to determine whether it will continue the downtrend or make a rebound from the current support level.

Key Observations:

~ Primary Support: $2.5.
~ Lower Support: $1.11.
~ Primary Resistance: 50 SMA at $3.15.
~ Long-term Target: $27-$30.
~ Bearish Move: Breakdown below the primary support.
~ Bullish Move: Price holding the primary support and rebounding above the 50 SMA.

The price speculation is in a higher time frame and for educational purposes only. Please do not consider it for scalp trading and futures trading.

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