QuarkChain/Tether (QKCUSDT) Market Overview: Bullish Momentum Amid Volatility Expansion

• Price surged 2.88% on the back of a bullish breakout above key resistance.• RSI near overbought territory suggests momentum is strong but potentially extended.• Volatility expanded during early ET hours, with volume rising to 112k BTC equivalents.• Bollinger Bands widened sharply from 03:00–08:00 ET, indicating increased market participation.• A bullish engulfing pattern formed at 19:45 ET, followed by a strong reversal and consolidation.

QuarkChain/Tether (QKCUSDT) opened at 0.006699 on 2025-09-17 at 12:00 ET and closed at 0.00691 at 12:00 ET on 2025-09-18. The pair reached a high of 0.006976 and a low of 0.006685, marking a 2.88% gain over the 24-hour period. Total volume traded was 69,092,732. Total turnover amounted to $476,503, calculated using average price.

Structure & Formations

The 15-minute chart revealed a strong bullish reversal from the 0.00671–0.00676 range, where QKCUSDT broke out of a descending triangle pattern. A bullish engulfing pattern formed at 19:45 ET, followed by a strong upward wave. Key support levels include 0.006893 and 0.006785, both of which were tested twice with strong buying pressure. Resistance levels at 0.00694 and 0.006964 are now likely to be the next targets for a continuation or pullback setup.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the early ET hours, confirming a short-term bullish bias. The daily chart shows a similar alignment with the 50-period MA crossing above the 100-period and 200-period MAs. This suggests that the upward trend has both short- and medium-term momentum backing it.

MACD & RSI

The 15-minute MACD crossed above the zero line during the breakout at 19:45 ET, with a growing histogram confirming momentum. RSI climbed to 78 by 03:00 ET, entering overbought territory and suggesting a possible pullback. However, as long as the price remains above the 20-period MA and the MACD remains positive, the trend remains intact.

Bollinger Bands

Volatility expanded significantly from 03:00–08:00 ET, with the upper band reaching 0.006964. Price action remained within the upper band during this period, indicating strong upward pressure. A contraction followed in the afternoon hours, suggesting a possible consolidation phase ahead.

Volume & Turnover

Volume spiked during the 18:15 ET and 23:45 ET candle periods, reaching a peak of 1,494,713 at 04:00 ET. Turnover was in line with volume, with no significant divergence observed. Price and turnover both moved in tandem, reinforcing the strength of the bullish breakout.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing low at 0.00671 and swing high at 0.006964, the 38.2% and 61.8% levels are currently at 0.006869 and 0.006895, respectively. Price tested the 61.8% level twice and held above it during the consolidation phase, suggesting a potential continuation above 0.00694 in the next 24 hours.

Backtest Hypothesis

The described backtesting strategy focuses on identifying breakout patterns confirmed by a bullish engulfing candle and a cross of the 20-period over the 50-period moving average. Given the recent performance of QKCUSDT, this strategy could offer a strong entry setup around the 0.00691–0.006923 range. A stop-loss could be placed below 0.006893 to manage risk, with a target near 0.006964. This approach aligns with the observed trend and technical conditions, offering a high-probability trade for the upcoming 24 hours.