Market Overview for QuarkChain/Tether (QKCUSDT) as of 2025-11-05

Summary
• QKCUSDT traded in a tight range, with a 24-hour high of 0.004685 and low of 0.004467.
• Volume surged near 4.75 million, but turnover did not confirm bullish momentum.
• A bearish reversal pattern formed in late ET hours, suggesting possible pressure.

Opening Summary

QuarkChain/Tether (QKCUSDT) opened at 0.004649 (12:00 ET - 1), reached a high of 0.004685, and a low of 0.004467, closing at 0.004663 (12:00 ET) for the day. Total volume over the 24-hour window was 18.9 million, while turnover was approximately $86,000. The asset appears to be consolidating after a volatile midday selloff.

Structure & Formations

The candlestick structure shows a strong bearish reversal pattern near 0.004665 (2025-11-05 17:00 ET), with a long upper wick and bearish close. A key resistance cluster exists at 0.00465–0.00468, while support lies around 0.00460–0.00463. A doji formed at 0.004625 (22:45 ET) indicating indecision in the market. The price may test support at 0.00460 in the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period, signaling a temporary bullish bias, but this failed to hold as the price fell below the 50-period again. On a daily chart, the 50-day MA is near 0.004605, acting as a key level. The 200-day MA at 0.004538 suggests the asset is above its long-term trend.

MACD & RSI

The MACD line crossed the signal line during the midday selloff, confirming bearish momentum. RSI reached a 24-hour low of 32, indicating oversold conditions, yet the price failed to recover. A divergence exists between the price and RSI during the morning rally, suggesting a potential false breakout. Traders may watch for a bounce or breakdown from the 0.00463–0.00466 range.

Bollinger Bands

The 20-period Bollinger Bands showed a moderate expansion during the midday volatility, with the price breaking below the lower band at 0.004513. Price has since remained within the bands, with a recent reversion toward the middle band. The narrow range suggests potential for a breakout, either to the upside or downside, depending on volume confirmation.

Volume & Turnover

Volume spiked dramatically at 17:00 ET (4.75 million) and 16:15 ET (4.75 million), but the corresponding price action was bearish, showing volume divergence. The morning rally lacked sufficient volume to confirm strength. Turnover was uneven, with the highest spikes coinciding with price declines. This suggests possible profit-taking or algorithmic selling.

Fibonacci Retracements

A 61.8% retracement of the 0.004685–0.004467 range lies at 0.004556, which has acted as a minor support. A 38.2% retracement at 0.004582 has been tested twice with mixed results. On the daily chart, the 61.8% retracement of a recent swing from 0.004467 to 0.004685 sits at 0.004572, a critical level to watch.

Backtest Hypothesis

The backtest strategy assumes a price-based entry on the close of the candle and a fixed exit after three days. Given the recent bearish reversal and oversold RSI, a short-term bearish bias could be tested with this approach. However, the presence of key support levels may provide a floor, potentially limiting downside risk for short sellers. The high volume during selloffs may offer a better entry environment than during consolidation.