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Bitcoin Diamond, Qtum, and Stellar price: High-volatility underway?

Rakshitha Narasimhan

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Bitcoin Diamond, Stellar and Qtum: High-volatility underway in these altcoins?
Source: Unsplash

Almost all cryptocurrencies followed the same pattern as the top coin during this market crash. Altcoins like Bitcoin Diamond, Stellar, and Qtum were no different.

Stellar[XLM]

Source: XLM/USD, TradingView

Stellar’s price has been suffering a major downtrend since Feb 14, as seen in the above chart. The XLM/BTC pair is also seeing a downward run to 0.00000641 BTC. The Chaikin Money Flow [CMF] indicator confirms the downtrend as the indicator is below the zero line at -0.17.

Resistance: $0.050, $0.05, $0.06, $0.07 and $0.08
Support: $0.035, $0.03
Price: $0.039524
Market Cap: $801,733,699
24-hour Volume Trade:
$309,169,320

Bitcoin Diamond[BCD]

Source: BCD/USD, TradingView

Bitcoin diamond went down to a low of $0.24 on March 13, but quickly recovered and rose by 137.91% percent reaching $0.56 on March 20. The Bollinger Bands, as seen in the chart, were contracting, indicating a decrease in volatility.

Resistance: $0.51 and $0.72
Support: $0.42 and $0.32

At press time:

Price: $0.449059
Market Cap: $83,746,326
24- hour Trading Volume: $6,071,134

Qtum

Source: Qtum/USD, TradingView

As seen in the above chart, the price of Qtum formed a symmetric triangle pattern. Additionally, MACD indicator also revealed a very negligible bullish crossover.

Resistance: If there’s an upward breakout, the price faces resistance at $1.3 and further at $1.43.
Support: If there’s a downward breakout, the price might find support at $1.02 and further down at $0.95.

At press time:

Price: $1.17
Market Cap:
$114,715,215
24-hour Trading Volume:
$351,550,785

A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.

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