QuarkChain/Tether (QKCUSDT) Market Overview: Volatility and Key Resistance in Focus

• QuarkChain/Tether (QKCUSDT) closed at 0.006727 on 2025-09-16 after a volatile 24-hour session.
• Price action showed a bullish recovery from a low of 0.006613 with a key resistance at 0.006750.
• RSI and MACD suggested waning momentum despite rising volume and turnover.
• Volatility expanded with a range of 0.000145, while volume reached 13.26 million QKC.
• A bullish engulfing pattern formed near 0.006712-0.006741, indicating short-term buying interest.

QuarkChain/Tether (QKCUSDT) opened on 2025-09-15 at 0.006657 and traded within a 24-hour range of 0.006613 to 0.006826, closing at 0.006727 on 2025-09-16 at 12:00 ET. Total volume reached 13.26 million QKC, with a notional turnover of $89.58 million, showing elevated trading activity.

Structure & Formations

The candlestick structure revealed a notable bullish engulfing pattern between 0.006712 and 0.006741, indicating a possible short-term reversal. A key support level appears at 0.006703, with a critical resistance at 0.006750. A doji formed near 0.006734 at 07:45 ET, suggesting indecision in the market after an upward push. The price action also formed a small bearish divergence near 0.006779 at 08:15 ET, implying potential resistance to further gains.

Moving Averages

On the 15-minute chart, the 20-period MA (0.006714) and 50-period MA (0.006726) suggest a slight bullish bias as price remains above both. On the daily chart, the 50-period MA appears at 0.006718, while the 100-period MA is near 0.006732, and the 200-period MA at 0.006739. The price has crossed above the 50 MA but remains below the 100 and 200, indicating a mixed near-term outlook with potential consolidation ahead.

MACD & RSI

The MACD line turned bearish in the late hours of 2025-09-16, with a negative histogram forming after 10:00 ET, suggesting waning momentum. The RSI reached a peak of 61.8 at 08:30 ET, signaling near overbought conditions, and has since retreated to 54.8, aligning with the bearish divergence in the MACD. These indicators suggest that traders are cautious about further upward moves and may trigger a short-term pullback.

Bollinger Bands

The Bollinger Bands showed a moderate volatility expansion during the session, with a standard deviation of 0.000073. Price traded near the upper band during a brief spike to 0.006826 at 13:30 ET, indicating strong volatility. By 15:00 ET, price had returned to the middle band, suggesting a retesting of key support and resistance. The lower band hovered near 0.006645, with a clear rejection at that level earlier in the session.

Volume & Turnover

Volume spiked to a peak of 779,439 QKC at 04:15 ET, coinciding with a sharp pullback to 0.006646. Notional turnover also surged during the same period, reaching $5.25 million, which aligned with the price rejection at that level. A smaller but consistent volume buildup was observed between 07:00 and 09:00 ET, with notional turnover averaging $3.5 million during that window, suggesting accumulation activity. Price and turnover were aligned in the early morning hours but diverged in the afternoon as price moved higher with lower volume.

Fibonacci Retracements

Applying Fibonacci retracement to the recent 15-minute swing from 0.006613 to 0.006826, the 38.2% level at 0.006730 and 61.8% at 0.006761 coincided with key resistance levels. The 50% retracement level at 0.006719 was tested twice and held as a key psychological barrier. The 78.6% level at 0.006792 marked a potential short-term ceiling, with price likely to face selling pressure in that area.

Backtest Hypothesis

The backtesting strategy described involves a mean-reversion approach triggered by RSI divergence and volume spikes. A long signal is generated when price breaks above the 50-period MA and RSI crosses above 50, confirmed by a volume spike. A short signal is considered when price pulls back with increasing volume and RSI forms a bearish divergence. Based on today’s data, a long entry near 0.006720 would align with these criteria, with a stop-loss below 0.006703 and a take-profit target at 0.006750. This strategy could be backtested over the last 30 days to evaluate its effectiveness in similar volatility environments.