QTUM Technical Analysis: From Riches To Rags

The extraordinary prospects of the QTUM cryptocurrency and the aggressiveness of its price growth have come under threat. The latest powerful wave of the QTUM price fall has shown that buyers are not strong enough to survive the cryptocurrency market. If, for example, ETH did not approach the lows of May 2021, the QTUM price successfully tested them. Of course, there are many cryptocurrencies that have updated the May lows. However, the QTUM cryptocurrency was one of the most aggressive in terms of growth impulses. Thus, gaining the title of strong one, during November 2021-February 2022 fall, the QTUM cryptocurrency went into the category of doubtful. https://www.tradingview.com/x/ZPrYnTT2/ Yes, the QTUM price successfully stopped at the important level of $5.2. In the weekly timeframe, we see that this level was initially a problem for buyers in the period from July 2019 to February 2021. It was the breakdown of this mark that provoked a new wave of QTUM price growth by $570. Now the $5.2 mark is the main base of buyers’ support, which sellers are trying to take control of for the second time. If during the first attempt in May 2021 we saw an aggressive rebound of the price from the $5.2 mark and increased trading volumes, now the situation is radically different. It is worth starting with the fact that the whole fall wave from November 2021 was accompanied by low volumes. The lower the price was, the lower the trading volum...