QTUM price surges 14.49% in 24 hours, confirming a breakout from a descending pattern.
Analysts project a 50%+ rally targeting $3.60 if momentum holds above $2.20.
There is a shot of buying interest that confirms higher lows which is bullish in QTUM/USDT.
QTUM has broken out of a multi-week downtrend, with analysts signaling potential upside. The cryptocurrency trades at $2.28 after a sharp 14.49% daily surge, and projections now point toward a 50%+ price increase.
Technical Breakout Confirms Bullish Structure
The QTUM/USDT chart on the daily timeframe shows a decisive move above descending trendline resistance. For weeks, QTUM had compressed within a contracting range, with lower highs forming against a flat base near $2.00. This pattern often indicates a buildup of buying pressure awaiting a breakout trigger.
Alice Crypto (@Allice_Crypto) noted the shift in market behavior, tweeting, “$QTUM UPDATE — Already breakout done. Expecting 50%+ gain here.” This statement aligns with the technical setup showing that sellers have lost control. The breakout candle closed strongly around $2.33, showing over 10% daily gains and breaking clear of consolidation.
The breakout suggests that accumulation is complete and momentum is shifting upward. The measured move from the pattern projects an advance of approximately $1.25 above the breakout level, pointing to a target near $3.60. This level corresponds to prior congestion zones from May and June, where QTUM previously met supply.
Price Targets and Market Context
As of writing price action shows QTUM at $2.28 with a 24-hour trading volume of $133 million. This represents a robust 14.49% increase on the day, even as the cryptocurrency posts a minor 1.15% decline over the past week. The current move suggests a reversal from recent weakness.
Minor resistance is expected at $2.60 and $3.00, which may briefly slow price advancement. However, these levels are viewed as intermediate checkpoints rather than major barriers if volume continues to support the move. Sustained closes above $2.35 would confirm that buyers are firmly in control.
Risk parameters are also defined clearly. A close back below $2.20 would signal a failed breakout, forcing traders to reassess. Holding higher lows on retests will be essential to maintain the bullish trajectory. If Bitcoin remains stable or trends upward, QTUM could see additional inflows of capital.
Market Indicators Support Continued Strength
The descending triangle pattern typically leans bearish, but QTUM’s upward break shows buyers defending support aggressively. Such behavior reflects a strong base of demand that can fuel a longer rally. Though indicators such as RSI and MACD are not displayed on the chart, the price structure suggests improving momentum.
The breakout candle exhibits separation from prior price action, confirming conviction among buyers. Increased volume reinforces this move, reducing the likelihood of a false breakout. Traders are now watching for sustained momentum to validate higher targets.
Analysts project that a clear advance toward $3.60 could deliver gains exceeding 50%, consistent with Alice Crypto’s assessment. In a confirmed case, QTUM may retest earlier mid-term highs and begin a new uptrend phase. Bullish sentiment will prevail as long as the price is above significant breakout levels.
