Market Overview for QuarkChain/Tether (QKCUSDT) on 2025-09-20

• Price action on QKCUSDT showed a volatile 24-hour range between $0.006647 and $0.006777, closing near mid-range.
• Momentum accelerated after 05:00 ET, pushing price to a 24-hour high before consolidating.
• Volume surged during key breakout attempts, but failed to confirm a strong trend.
• RSI reached overbought territory twice, suggesting potential for near-term profit-taking.
• Volatility increased as price traded closer to the upper Bollinger Band, signaling a possible reversal.

QuarkChain/Tether (QKCUSDT) opened on 2025-09-19 at $0.006687 and closed at $0.006701 on 2025-09-20. The 24-hour range spanned from a low of $0.006647 to a high of $0.006777. Total volume reached 17.27 million QKC, with notional turnover amounting to $117,000, highlighting increased activity and volatility.

The 15-minute OHLCV data shows a complex price action over the 24-hour window, with several attempts to break through key resistance levels. A bearish engulfing pattern was observed at $0.006728, followed by a bullish recovery in late ET hours. The price hovered near the 20-period and 50-period moving averages for most of the session, indicating a tug-of-war between buyers and sellers. A bearish divergence in the MACD during the afternoon ET hours hinted at weakening bullish momentum, even as RSI signaled overbought conditions twice, around $0.006770 and $0.006715.

Bollinger Bands reflected a period of volatility expansion during the late ET morning, with price testing the upper band before retracting. Fibonacci retracement levels provided useful context for pullbacks, with 38.2% at $0.006694 acting as a magnet for price action during consolidation phases. Notably, the 61.8% level at $0.006663 served as a psychological floor, preventing further downside for several hours. The volume profile aligned well with price moves, especially around key support and resistance clusters, providing confirmation for both bullish and bearish impulses.

The market may see a continuation of consolidation near $0.006700–$0.006715 in the next 24 hours, with a watch on whether buyers can commit to the 50-period moving average at $0.006710. However, the risk of a short-term pullback into $0.006680–$0.006670 remains if key resistance fails to hold.

Backtest Hypothesis

The described backtesting strategy focuses on identifying overbought RSI levels (above 70) and bearish divergence in the MACD to generate short entries on QKCUSDT. Historical data from today's 15-minute chart showed two instances where RSI crossed above 70, coinciding with bearish MACD divergence. A hypothetical short trade initiated at $0.006770 with a stop at $0.006780 and a target at $0.006730 would have yielded a 600 basis point return. A similar trade at $0.006715 with the same parameters would have resulted in a 400 basis point profit. However, this strategy assumes immediate price reversal after the signal, which may not always materialize and could result in a stop-loss hit during sideways or bullish consolidation.