QKCUSDT Market Overview: QuarkChain/Tether Volatility and Key Reversal Cues

• Price action showed a morning rally but faded on heavy volume by afternoon
• RSI reached overbought levels before pulling back, suggesting short-term exhaustion
• Volatility expanded during the morning session, then compressed in the afternoon
• Bollinger Bands widened during the bull move, later narrowing as price drifted lower
• A bullish engulfing pattern formed at 03:45 ET before the price retested and corrected

The QKCUSDT pair opened at $0.006835 on 2025-09-14 at 12:00 ET and rose to a high of $0.006911 before closing at $0.006654 on 2025-09-15 at 12:00 ET. The 24-hour volume totaled approximately 12,848,153 and turnover reached $87.64M.

Structure & Formations

Price found key resistance between $0.006870 and $0.006911, with a notable bullish engulfing pattern forming at 03:45 ET, followed by a bearish correction. A doji appeared at 04:00 ET near $0.006886, signaling indecision. Support levels emerged at $0.006825, $0.006750, and $0.006670, with the latter tested twice in the afternoon.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the morning, supporting the bullish bias, but reversed below it by early afternoon. On the daily chart, the 50-period MA at $0.006796 is being approached as the 200-period MA near $0.006822 remains a key reference.

MACD & RSI

MACD reached a high of 0.000016 at 03:30 ET, aligning with the morning bullish breakout. RSI peaked at 68 before correcting into a bearish divergence, hitting 45 by 12:00 ET, suggesting oversold conditions are not yet fully developed. Momentum appears to be shifting bearward.

Backtest Hypothesis

A backtest could consider a strategy triggered by a bullish engulfing pattern followed by a RSI divergence above 60, with a stop loss at the nearest support. If the 20-period MA crosses below the 50-period MA, a short bias may be initiated, targeting the next support at $0.006670 with a stop above the recent high at $0.006870. This approach would aim to capture short-term volatility while managing risk on a high-volume pair.

Bollinger Bands

Bollinger Bands widened significantly during the morning push to $0.006911, reflecting heightened volatility. Afternoon trading saw a contraction, with the price settling inside the bands toward the lower end. This indicates a potential bearish bias as the price approaches the lower Bollinger band at $0.006650.

Volume & Turnover

Volume spiked during the morning rally, peaking at 1,301,743 at 03:45 ET. Afternoon trading saw a drop in volume, suggesting a potential exhaustion in the bearish move. Turnover aligned closely with volume, with no notable divergences observed. The afternoon session’s quieter flow implies a possible consolidation period.

Fibonacci Retracements

Applying Fibonacci to the 03:45 ET rally (0.006845–0.006911), the 61.8% level at $0.006881 coincided with the doji formation and a key resistance zone. On the daily chart, a 38.2% retracement at $0.006800 is currently being tested, with a potential 61.8% level near $0.006750 acting as a critical support.

Looking ahead, the market appears to be poised for a potential short-term bearish continuation toward $0.006670 or $0.006650, with the RSI in corrective mode and volume declining. A break above $0.006870 could re-ignite bullish momentum, but a failure to hold the 50-period MA may expose lower levels. Investors should watch for divergence signs and volume shifts to confirm direction.