Is QTUM Price Ready for a Short-Term Breakout to $4.60?

The QTUM price today trades at $3.03 and it is marking a 15.09% increase over the last 24 hours, with a market cap of $321.35 million. Analysts predict a bullish upside for QTUM price moving forward in the upcoming sessions.

Recent Performance and Price Increase

QTUM has been trending upwards, increasing by 18.94% in the last week, and 38.83% over the last month. The token’s 29.11% year-over-year performance further highlights the continued resilience of QTUM crypto still 97.16% lower than its all-time high of $106.88 set in 2018.

Also the coinmarketcap data shows that nearly $330 million trading volume was present in 24-hour, reflecting demand for QTUM.

Therefore, per the offchain data, the QTUM price today reflects strong investor interest. This shows renewed attention.

Looking at the QTUM price chart, the analysts suggest that the token could see an upside movement toward the $17-$19 range by the end of the year, which would represent a potential 370% upside from current levels. 

Analyst believes a declining trendline is being retested on weekly charts. This projection takes into account the positive technical indicators and the growing market sentiment surrounding the project.

Short-Term Outlook and Technical Levels

On the shorter timeframes, such as the daily and 4-hour charts, technical analysis suggests $4.00, $4.20, and $4.60 could be the next key resistance levels for QTUM price USD. 

However, risk still remains, if Bitcoin or other major assets like ETH face a downturn, QTUM could experience short-term corrections. Conversely, continued bullish sentiment and volume could push the asset toward the higher targets suggested in the analysis.