Has The Consolidation Of QTUM Coin Price Came To An End?

The weekly technical chart of the QTUM hints towards a strong momentum in price. On coming to the daily chart, the coin price has seen a breakout from the consolidated range and can soon rally to a new high. The upside trend of the QTUM may face a threat near the value of $7.5 Meanwhile, the support of the asset can be found near $5. The token price is currently trading below its major support levels. The 50MA line is at $8 which can make it a potential threat for the price. If the coin jumps 15 to 20% above the current zone then a strong bullish trend in the future can be observed. QTUM/BTC pair can also see a strong trend in the future.