Qtum Price Surges 25% as Exchanges Support Network Upgrade Announcement – Bulls Target a 50% Upside
Highlights:
- Qtum upgrade set for Feb 15, 2025, at block 4,590,000.
- Exchanges to pause QTUM transactions ahead of the upgrade.
- DeepSeek AI launches on Qtum.ai soon to enhance Qtum’s ecosystem.
The Qtum price has soared 25% in the last 24 hours to trade at $3.55 as of 5 a.m. EST on a 185% pump in trading volume to $230 million. The surge in the price of QTUM comes hours after leading exchanges, including HTX, MEXC, and Binance, announced support for the upcoming Qtum network upgrade and hard fork scheduled to take place at block height 4,590,000, approximately at 07:30 UTC on February 15.
🚀 📌 #CryptoReport – $QTUM @qtum — a scalable Proof-of-Stake blockchain platform integrating Ethereum and Bitcoin benefits, focusing on security, DeFi integration, and AI innovation. #XT #Bitcoin #AI #ERC20
🔗 Trade now: https://t.co/68pt8fql50 pic.twitter.com/PSpi7SqKgu
— XT Exchange 🚀 #BeyondTrade (@XTexchange) February 11, 2025
HTX plans to suspend QTUM deposits and withdrawals starting on February 15 at 05:00 UTC. Withdrawal services at MEXC will officially shut down at 05:30 UTC, but it’s worth mentioning that performing an advanced deposit of QTUM is appropriate; each exchange supports the technical upgrade handling in both to keep the processes smooth.
This upgrade aims to enhance network performance and security, hence increasing the efficiency and scalability of Qtum. Investors are confident in this improvement, hence the increase in the price of QTUM.
In addition, Qtum.ai is ready to launch the DeepSeek Distributed Inference service next week. Qtum will optimize its complete backend infrastructure. This integration is making Qtum more practical, and large-scale ecosystems are increasing the optimistic view of the market.
$QTUM AGAIN UP 30% ON PATRICK #DEEPSEEK ANNOUNCEMENT.
CHART SHOW HIGH VOLATILITY DUE TO FEAR OF TRUMP TARIFFS.
BUT IF THERE IS BULL ASEASON, WHICH IS DEFINITELY YES, IT WILL GO UP. https://t.co/nlpPEiyx3j pic.twitter.com/pVQPWx9hhm
— Nilesh Rohilla | Crypto Analyst (@nilesh_rohilla) February 11, 2025
The recent price increase of QTUM, with strong exchange support, technical advancements, and expanding use cases, reflects positive sentiment about its future.
QTUM Price Surges as Bullish Breakout Signals Trend Reversal
After weeks of consolidation, QTUM has broken upwards from a bearish channel and currently trades at $3.435. This comes after a week of high-level volatility, wherein QTUM soared to $5.00 on strong market momentum. It then corrected its gains to enter a downtrend, sliding to $2.97, creating a well-defined bear channel. After weeks of sideways movement, the buyers finally stepped in and have been pushing QTUM upward, showing a potential reversal.
Technical indicators reflect strong buying momentum. The RSI is at 66.02, which is close to the overbought zone, reflecting increased demand. If RSI surpasses 70, there could be some retracement in the short term. Besides, the breakout from the bearish channel is an important technical event that suggests QTUM may test higher resistance levels. The next key target is the $4.50 – $5.00 resistance zone, where some selling pressure had emerged earlier.
The near QTUM network upgrade on February 15, 2025, has resulted in increased confidence by investors in the cryptocurrency. Major exchanges, including HTX and MEXC, announced support for the upgrade through an announcement to temporarily suspend QTUM deposits and withdrawals in preparation for the event. This upgrade would further enhance QTUM in performance and scalability, hence more lucrative for long-term adoption.
If QTUM continues to hold above $3.267, then the uptrend can be maintained and might rally up to $4.50 – $5.00. If the upside breakout fails and selling pressure mounts, a retest of the $2.97 – $3.00 support zone is likely. Traders should monitor volume levels and breakout confirmation signals to gauge whether this uptrend has enough strength to continue.
This, however, points to a major turn in the price of QTUM on both technical and fundamental catalysts. If this is sustainable on the upside, the breakout might mark an extended uptrend, driving more investors into the market.
eToro Platform
Best Crypto Exchange
- Over 90 top cryptos to trade
- Regulated by top-tier entities
- User-friendly trading app
- 30+ million users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
Charles Kibue
Charles Kibue is a cryptocurrency researcher and writer with published works on Crypto2Community and a range of other sites. He has also worked as a technical writer, researching NFTs and crypto projects. Charles is an English Literature graduate residing in Kenya. He possesses additional expertise in market analysis and offers accurate and reliable insights, staying up-to-date with the latest developments in the crypto industry. Beyond his professional pursuits, Charles enjoys hiking and horse riding in his leisure time.
View full profile ›ℹ️About Crypto2Community's Editorial Process
Crypto2Community's editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict editorial policy and sourcing standards, and each page undergoes diligent review by our team of top crypto industry experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
