Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
QTUM Rises 3.89% as Brief Volatility Subsides

QTUM Rises 3.89% as Brief Volatility Subsides

Bitget-RWA2025/11/12 15:57
By:Bitget-RWA

- QTUM rose 3.89% in 24 hours on Nov 12, 2025, closing at $1.913, but fell 36.11% year-to-date. - Short-term rebound suggests easing selling pressure, with RSI in oversold territory and narrowing MACD hinting at limited near-term declines. - Key resistance at $1.913 has repeatedly tested QTUM, with breakout potential to drive buying or reinforce range-bound patterns. - Backtesting efforts stalled due to data feed errors, requiring confirmation of the correct ticker symbol for QTUM.

On November 12, 2025, QTUM saw its price rise by 3.89% within 24 hours, ending the day at $1.913. Over the past seven days, the token slipped by 2.93%, but it managed to gain 3.67% over the previous month. Despite these short-term movements, QTUM has dropped 36.11% since the beginning of the year, reflecting a generally weak long-term outlook.

Although the token experienced a decline over the week, the recent daily uptick signals a short-term improvement in investor confidence. The current price movement indicates that immediate selling pressure might be waning, especially given the notable daily gain. Market observers believe this brief recovery could draw in technical traders looking to capitalize on potential corrections or periods of consolidation before larger market shifts occur.

Technical analysis presents a mixed outlook for

. The Relative Strength Index (RSI) has entered oversold levels, suggesting that further downward movement could be limited in the near future. At the same time, the Moving Average Convergence Divergence (MACD) histogram is narrowing, which may point to a slowdown in bearish momentum. These indicators are often combined with price trends to spot possible reversal areas. Nevertheless, considering the persistent downward trend throughout the year, it is wise to remain cautious and not interpret short-term rallies as signs of a lasting turnaround.

Examining QTUM’s chart more closely, a significant resistance zone appears just above the current price of $1.913. This level has been challenged several times in recent months and could prove pivotal for the token. If the price breaks above this resistance, it may trigger increased buying interest, while another rejection could reinforce the ongoing short-term trading range. Traders are monitoring this area closely to assess the momentum behind the current upward move.

Backtest Hypothesis

Attempts to evaluate QTUM with a backtesting approach have faced technical obstacles in accessing the required data. Efforts to obtain the token’s daily return series were unsuccessful due to the asset not being available in the data provider’s feed. This underscores the importance of verifying the correct ticker—whether “QTUM” or another version recognized by the provider. Once the proper symbol is confirmed, the plan is to identify all trading sessions since January 1, 2022, where daily gains surpassed 5%. An event-driven backtest will then be performed to analyze the average outcome following these significant price jumps. The findings will be displayed using an interactive chart to help interpret the results and uncover potential trading opportunities.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Seismic Connects Blockchain Openness with Financial Confidentiality, Raises $10 Million

- Seismic, a crypto startup enhancing fintech privacy, raised $10M led by a16z crypto, totaling $17M. - Its encrypted blockchain enables fintechs to process crypto transactions without exposing customer data. - Partners like Brookwell and Cred use the private blockchain to hide financial details while expanding cross-border services. - The funding targets fiat on/off-ramping and card programs by 2026, competing with $5B rival Tempo in a privacy-focused crypto market.

Bitget-RWA2025/11/12 21:20
Seismic Connects Blockchain Openness with Financial Confidentiality, Raises $10 Million

Anthropic’s $50 Billion Investment Speeds Up the AI Infrastructure Competition

- Anthropic commits $50B to U.S. data centers, partnering with Google , Nvidia , and Amazon to scale AI infrastructure via multi-vendor hardware strategies. - Industry-wide AI spending surges, with Meta planning $600B in data center investments and McKinsey projecting $7T global AI infrastructure demand by 2030. - Energy demand triples to 130GW by 2030, driving utility companies to expand capacity while chipmakers like Broadcom face heightened competition for AI contracts. - Smaller players like Rumble and

Bitget-RWA2025/11/12 21:20

Dubai's Digital Court Blocks $456 Million, Establishing a Landmark for Stablecoins

- Dubai's Digital Economy Court froze $456M linked to Justin Sun's TrueUSD rescue, citing improper reserve transfers to Aria Commodities. - Techteryx claims $456M was diverted to illiquid ventures via Hong Kong trustee, violating liquidity requirements for stablecoin redemptions. - Court ruled assets held on constructive trust, warning of asset dissipation risks and setting precedent for Gulf crypto litigation. - Hong Kong courts will determine ownership, with potential to restore reserves or reshape stabl

Bitget-RWA2025/11/12 21:20
Dubai's Digital Court Blocks $456 Million, Establishing a Landmark for Stablecoins