Market Overview for QuarkChain/Tether (QKCUSDT) on 2025-09-17

• QuarkChain/Tether (QKCUSDT) traded in a tight range today, showing no clear directional bias.
• A key support level appears to be forming near 0.006755–0.006735 after multiple bounces.
• Price failed to retest the upper boundary of the intraday range, suggesting weak bullish conviction.
• Volatility and turnover were relatively muted, indicating a lack of aggressive positioning.
• A bullish engulfing pattern emerged briefly near 0.006775–0.006785, but failed to gain traction.

QuarkChain/Tether (QKCUSDT) opened at 0.006796 (12:00 ET – 1) and traded between 0.006731 and 0.006882 before closing at 0.006700 (12:00 ET). Total volume for the 24-hour window was 41.05 million QKC, with a notional turnover of $282,850.

The price action developed within a defined trading range, showing intermittent attempts at both bullish and bearish moves. While a moderate increase in volume occurred near the 0.006840–0.006870 level, the price failed to hold above 0.006860, hinting at resistance from profit-taking or short-term selling pressure. On the downside, a cluster of rejections formed between 0.006755 and 0.006735, with volume picking up slightly on the final bounces.

The 15-minute 20- and 50-period moving averages were closely aligned, reflecting the tight range. A slight bearish cross occurred in the final hour, suggesting potential downward momentum. The RSI hovered between 30 and 55, with a brief overbought reading around 60 near 0.006870, but no strong divergence emerged between price and momentum. Bollinger Bands narrowed during the overnight session, only to expand modestly with the price hovering near the lower band for most of the day.

Fibonacci retracement levels for the 0.006731–0.006872 swing showed a 38.2% level at 0.006809 and a 61.8% at 0.006767. Price tested the 38.2% level twice, but failed to establish a clear breakout. Volume and turnover were generally unremarkable, with no major spikes to suggest large institutional moves or retail frenzy.

Backtest Hypothesis

For a potential trading strategy, one might consider a range-bound approach using the 0.006755–0.006860 price range as a defined channel. A long entry could be triggered on a close above the 0.006780 level with a stop-loss placed below 0.006750. A short entry might be considered on a close below 0.006835, with a stop above 0.006870. RSI divergence near key levels and volume confirmation could serve as filters. The tight range and lack of clear momentum suggest a neutral to slightly bearish outlook over the next 24 hours, with a high probability of price continuing to consolidate within the established bounds. However, traders should remain cautious of potential news events or macro factors that could disrupt the range.