QTUM Jumps 30%, NEO Climbs 15% – What’s Next?

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coinpedia

The altcoin market lit up at the start of this week, with QTUM and NEO posting double-digit gains. QTUM rallied more than 30% in a single day, while NEO climbed 15%, supported by trading volumes not seen in months. Both assets are flashing strong momentum signals but also approach overbought territory, raising questions about sustainability. So, should you buy some or wait for the right moment? Join me as I answer your queries in this analysis.

QTUM Price Analysis

QTUM is trading across exchanges at $3.22, up 30.06% in 24 hours and 53.52% in seven days. With its market cap at $340.61M and 24-hour trading volume soaring 342.27% to $598.7M. The token has broken above its 200-day SMA at $2.31 and 23.6% Fibonacci retracement at $3.11, further confirming a decisive trend shift.

The RSI signals intense buying pressure, while the MACD histogram at +0.0838 supports sustained upward momentum. Such conditions often attract...

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