The cryptocurrency Qtum (QTUM) is currently trading at $2.36, having experienced a 1.09% increase after bouncing off a critical support level of $2.20. The price has been moving within a parallel channel, with resistance at $6 and support below $2. As long as QTUM remains above $2.20, there is potential for a short-term momentum gain towards $3.60, with higher targets set on a breakout towards $6. Historically, QTUM has shown a nice trend within this channel, with repeated rebounds from lower support levels. Strong resistance at $4 has prevented upward movements. Traders must closely monitor the $2.20 support level, as its continuation suggests a possible upsurge, while a breakdown may trigger further downside action.



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