The cryptocurrency market has shown great signs of recovery during the past 24 hours. With Bitcoin retesting the $45K resistance level, many altcoins have followed this trend and are showing great recovery signs. QTUM is among the best-performing coins in the past 24 hours after having made double-digit gains.
QTUM is trading at $11.57 at the time of writing after a 19.2% gain.
QTUM Price Analysis
Since the end of September, the coin has been on a major upswing that is inching the coin closer towards recovering its monthly highs. While some gains have been attributed to broader market support, buyers have played a key role in this upswing.
QTUM is currently inching towards a higher resistance of $12. This level is achievable if the broader market continues with the upward trajectory. If this support is maintained for the remainder of the month, we could see the token heading towards the higher levels of $13 and beyond, which could pave the way for the coin to achieve new monthly highs.
On the other hand, support from the broader market could fail at any time, given that volatility is still high. Considering this factor, we could see QTUM retesting the lower support levels of $9. The coin was trading at around these levels before the market started rallying.
The buzz surrounding the coin is increasing, given that the platform has announced the QTUM community event. This event will be hosted by Binance, and it will allow the QTUM community members to share in the rewards. The event will commence on October 1 and end on October 8, with a $100,000 reward being up for grabs.
Where to Buy QTUM
To buy QTUM during the current upswing, open an account on the following reliable exchanges:
eToro is one of the most reliable and distinguished cryptocurrency exchange platforms. eToro supports a wide range of cryptocurrencies and trading pairs. It also offers low trading fees and commissions that make it easy for traders to use the platform.
You can buy QTUM from Binance, the largest exchange platform. Binance is not only one of the easiest exchange platforms to use, but it also charges some of the lowest trading fees. Binance also supports a broad range of cryptocurrencies and trading pairs.
Looking to buy or trade Crypto now? Invest at eToro!
67% of retail investor accounts lose money when trading CFDs with this provider
Read more:
Credit: Source link
