Should You Sell Qtum (QTUM) Thursday?

Thursday, July 28, 2022 08:04 PM | InvestorsObserver Analysts

Qtum receives a strong long-term technical score of 97 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. QTUM currently holds a superior long-term technical analysis score than 97% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Qtum a 97 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Qtum!

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Trading Analysis

Qtum's price is $0.5400000 (13.72%) above its 100-day moving average price of $3.930000000 as its price at the moment sits at $4.470000000. Additionally, QTUM is $2.0600000 (-270.98%) higher than its 52-week low price of $2.410000000 while -$14.67000000 (-28.87%) under its 52-week high of $19.150000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives QTUM a strong long-term technical score of 97. Long-term trading movement of Qtum suggest that investors are neutral on the coin at the moment. Qtum has a market capitalization of $466,389,623.73 and a relatively average average daily volume with $985,699,254.57 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, QTUM's volume is below its seven day average with 273,402,077.31 exchanged.

Summary

Technical analysis of Qtum over the past year results in the crypto receiving a a strong long-term technical score of 97 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Qtum (QTUM).