QTUM coin price hinges near the consolidation-cum-support zone and attempts to avoid another downfall while hoping to head higher.

QTUM can be described as a blockchain that is a proof-of-stake (PoS) smart contract blockchain open-source platform, as well as value-transfer protocol. It aims to integrate the advantages and capabilities of Bitcoin And Ethereum in an integrated chain. It is based upon bitcoin's UTXO method of transaction, but with the additional benefit for smart contracts execution, as well as DApps.

Let us read ahead to know more about QTUM technical analysis.
<h2>Past Performance of QTUM</h2>
The QTUM coin price moves sideways within a consolidation range in the daily chart. The range stretches from $8.75 to $10 and keeps the momentum trapped within it. Breakout of the range on either side can give a momentum-rich move. 

<img src="https://s3.tradingview.com/snapshots/c/CQIKEgH7.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/CQIKEgH7/">QTUM/USD Daily Chart</a>
<h2>QTUM Technical Analysis</h2>
The QTUM coin price shows higher price rejection in the daily candlesticks formed near the utmost resistance causing the recent downfall of 10%. However, the price halts the bearish momentum and sustains above $8.75, at press time.

If the price manages to break above the accumulation range, the following resistance levels are at $11.5 and $14. And, in case of a fallout, the support levels are at $7.75 and $5.

The RSI indicator at 37% fails to rise above the central line and breaks below the 14 days SMA in the daily chart. However, a bullish reversal from the range can push the slope above the 50% mark.

The MACD indicator shows a rising signal line, while the MACD line retraces in the daily chart. The weakening trend of bullish histograms increases the chances of a bearish crossover. 

Therefore, the technical indicators reflect a solid underlying bearishness in the QTUM coin price. That is why bulls will have to work harder to overcome the selling pressure.
<h2>Upcoming Trend</h2>
The falling prices of the QTUM coin with the recent bearish engulfing candle in the daily chart increase fear. However, the accumulation zone stands strong and struggles to reignite the bullish trend.

Therefore, traders need to be patient with the range breakout and avoid taking unnecessary risks.

QTUM Technical Analysis: Support Zone Struggles To Start Bull Run 

According to QTUM technical analysis, coin price hinges near the consolidation-cum-support zone and attempts to avoid another downfall.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

QTUM Technical Analysis: Support Zone Struggles To Start Bull Run

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