Market Overview for QuarkChain/Tether USDt (QKCUSDT) – 2025-09-11 12:00 ET

• Price declined from 0.006962 to 0.006817 over 24 hours, with key support around 0.00680–0.00683
• A sharp bearish divergence emerged in RSI and MACD, suggesting exhaustion in bullish momentum
• Bollinger Bands tightened mid-day before a sharp breakout to the downside
• High volatility in the 19:30–20:30 ET timeframe preceded the final leg down
• Volume surged near the 12:45–13:30 ET range, confirming the bearish break

The 24-hour candle for QuarkChain/Tether USDt (QKCUSDT) opened at 0.006962 and closed at 0.006817, with an intraday high of 0.006979 and a low of 0.006802. Total volume across 24 hours was 21,133,694.00 QKC, and notional turnover was approximately $146,741. The price declined by 2.09% over the period, driven by a sharp bearish move in the afternoon and evening hours.

Structure & Formations

QKCUSDT formed a strong bearish pattern following the 19:30–20:30 ET timeframe, where price broke below a 0.00692–0.00694 consolidation zone. A large bearish engulfing candle at 19:30–19:45 ET confirmed the breakdown. Additionally, a morning doji at 00:45–01:00 ET signaled indecision before a sharp rebound attempt failed. Key support levels observed include 0.00680–0.00683 and 0.00675, while resistance is now redefined around 0.00691–0.00693.

Moving Averages

On the 15-minute chart, the 20- and 50-period SMAs show a bearish crossover during the afternoon, with the 50 SMA crossing below the 20 SMA. On the daily chart, QKCUSDT closed below both the 50- and 100-day SMAs, with the 200-day SMA acting as a long-term resistance. This indicates a continuation of bearish momentum, with a key watch point at the 50-day SMA (~0.00693).

MACD & RSI

The MACD turned negative during the afternoon and remained in bearish territory, with a bearish crossover in the 16:00–17:00 ET timeframe. The RSI fell below 40 for most of the day and dropped to a low of 28 in the evening, indicating oversold conditions. However, the price continued lower despite the oversold reading, suggesting a deeper bearish sentiment. A divergence between the RSI and price action was observed between 14:00–16:00 ET, hinting at a potential continuation of the bearish move.

Bollinger Bands

Volatility was relatively low during the early morning hours before a sharp contraction between 09:45–10:15 ET. A breakout occurred at 12:45–13:15 ET, with price breaking below the lower Bollinger band, signaling a bearish signal. Price has remained within the bands since the morning, though now closer to the lower boundary. A bounce back above the lower band could signal a potential short-term reversal, but a sustained break below could indicate a deeper sell-off.

Volume & Turnover

Volume spiked during the 12:45–13:15 ET and 13:15–13:30 ET periods, coinciding with the bearish break. Turnover also increased during this time, confirming the bearish momentum. Price and volume were in alignment, with no major divergence noted. A final leg down in the 15:45–16:00 ET timeframe saw increased volume but a smaller price move, potentially signaling exhaustion.

Fibonacci Retracements

Applying Fibonacci retracements to the morning high (0.006979) to the low (0.006802) shows a 23.6% level at 0.006917, where price briefly found resistance. A 38.2% retracement is at 0.00688, and the 61.8% level at 0.006835. Price has bounced near the 38.2 and 61.8 levels during the afternoon and evening, suggesting potential support zones for the next 24 hours.

Backtest Hypothesis

Given the observed bearish divergence in RSI and MACD, a backtest strategy could be constructed around a short entry on a close below key support levels (0.006835 or 0.00680). A stop-loss would be placed above the 0.00688 Fibonacci level, with a target at the next Fibonacci retracement (0.00675). The use of volume confirmation at key breakdown levels adds to the reliability of the signal. This approach could be applied across multiple timeframes but would need to be adjusted for volatility and liquidity.