Market Overview for QuarkChain/Tether (QKCUSDT) – 2025-09-19

• QKCUSDT fell 1.2% over the 24-hour period, closing near a key support level.
• Volume surged in the early morning, but price failed to follow through.
• RSI showed oversold conditions by late morning, hinting at potential near-term bounce.
• Price remained within a tight Bollinger Band range, signaling low volatility.
• A bullish engulfing pattern emerged in the early hours, but it was negated by subsequent selling pressure.

At 12:00 ET on 2025-09-19, QuarkChain/Tether (QKCUSDT) opened at $0.006947 and closed at $0.006753, reaching a high of $0.006949 and a low of $0.006672. The total volume traded was 37,393,703 QKC, with a notional turnover of $255,246 USD.

Structure & Formations

Price action over the 24-hour period revealed a descending pattern, with QKCUSDT breaking below its 50-period 15-minute moving average. A key support level emerged near $0.006750, where price found a temporary floor multiple times. The 15-minute chart showed a bullish engulfing pattern in the early morning (03:45–04:00 ET) followed by a bearish rejection at the same level. A doji candle formed around 08:30 ET, indicating indecision and a possible short-term pause in the downward trend.

Moving Averages

On the 15-minute timeframe, QKCUSDT closed below its 20-period and 50-period moving averages, which currently sit at $0.00687 and $0.00689, respectively. On the daily chart, the 50/100/200-period moving averages are not fully defined due to the lack of full daily data, but preliminary readings suggest a bearish alignment. Price is below all major MAs, reinforcing a continuation bias lower.

MACD & RSI

The MACD showed a bearish crossover on the 15-minute chart, with the line dipping below the signal line and heading lower. RSI approached the oversold threshold in the late morning and afternoon, briefly dipping below 30 before bouncing. This suggests a possible near-term rebound but lacks strong follow-through. The divergence between RSI and price in the early morning ET period indicates weakening bearish momentum.

Bollinger Bands

Price remained within a narrow Bollinger Band range for most of the session, suggesting low volatility. A minor contraction was observed between 01:15–01:30 ET, but no meaningful breakout followed. The final 15-minute candle closed near the lower band, indicating continued pressure at the lower end of the range.

Volume & Turnover

Volume surged in the early morning hours, particularly between 04:15–04:30 ET, but this was not accompanied by a significant move in price, hinting at a potential bear trap or consolidation. Turnover spiked in the same period, reaching a peak of $3,675 USD in the 04:15–04:30 ET candle. A volume divergence between 09:15–10:00 ET suggests bearish exhaustion, though it remains unconfirmed.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $0.006672 to $0.006949, price is currently hovering near the 61.8% retracement level at $0.006753. This area has historically acted as a support and may offer a near-term floor for buyers. A break below $0.006672 would target the next Fibonacci level at $0.006596.

QKCUSDT appears to be consolidating near a key support level with oversold RSI suggesting a potential bounce. However, bearish momentum remains strong, and a sustained move above $0.006800 is unlikely without a significant volume surge. Investors should watch for a breakout above the 61.8% Fibonacci level or a breakdown below $0.006672 for directional clarity. As always, risk management is essential due to the asset’s high volatility.

Backtest Hypothesis

The backtesting strategy suggests using a long-entry signal when QKCUSDT closes above the 61.8% Fibonacci retracement level and the 20-period 15-minute moving average aligns with a bullish RSI crossover. A stop-loss could be placed below the most recent swing low, while a take-profit level is set at the nearest resistance (78.6% retracement or a key moving average). This strategy may capitalize on short-term rebounds from key support levels, particularly when combined with volume confirmation.