QTUM Price Action Update

Qtum is currently under some selling pressure lately. The price has dipped below several key moving averages, which is never a good sign in the short run. The RSI is flashing red too, painting a bearish picture for near-term traders.

But here's the thing—don't write it off just yet. The longer-term charts tell a different story. There's actually room for a recovery if certain conditions line up. The question is whether QTUM can find support and reverse this downtrend, or if we'll see further decline.

Keep an eye on those moving averages. A break back above them could signal the bears are losing steam. Until then, caution seems warranted.