QuarkChain/Tether (QKCUSDT) Market Overview: Volatility and Mixed Momentum in 24-Hour Session

• QuarkChain/Tether (QKCUSDT) closed lower at $0.006263 after a volatile 24-hour session marked by sharp intraday swings.
• Key support found near $0.006231 and resistance at $0.006286, with mixed momentum signals from RSI and MACD.
• Volatility spiked during late-night trading, but volume failed to confirm bullish breaks.
• Price remained within Bollinger Band constraints, suggesting contained short-term movement.
• Fibonacci retracements highlight potential levels at 50% and 61.8% for near-term decisions.

Price Action and Key Levels

QuarkChain/Tether (QKCUSDT) opened at $0.006263 on 2025-09-23 12:00 ET, reached a high of $0.006322, and closed the 24-hour period at $0.006263 at 2025-09-24 12:00 ET. Total volume traded over the past 24 hours was 14,033,210 QKC, while notional turnover was $8,809.45. Price action displayed a bearish bias after mid-night but showed signs of consolidation toward the close, with support anchoring near $0.006231 and resistance forming at $0.006286. The price structure suggests that traders remain range-bound for now, with the 20-period and 50-period moving averages converging around $0.006265–0.006270.

MACD and RSI Signals

The MACD line crossed below the signal line mid-session, confirming a short-term bearish shift, while the histogram showed shrinking bullish momentum. RSI dipped into neutral territory in the final hours, indicating neither overbought nor oversold conditions. However, RSI divergence occurred in the last two hours of trading, where price made higher lows while RSI made lower lows, suggesting a potential shift in momentum. These signals imply traders are cautious and the market is in a decision-making phase.

Bollinger Bands and Volatility

Price remained within the Bollinger Band mid-channel for most of the 24-hour period but touched the lower band during a sharp drop in the early hours. This volatility expansion suggests traders were reacting to external triggers or news events, though no major public crypto events were recorded. The bands have since narrowed slightly, indicating a possible return to consolidation. Price remains within a tight trading range, with volatility likely to remain compressed unless a clear breakout forms.

Backtest Hypothesis

The backtesting strategy involves entering long positions when price closes above the 20-period moving average with a bullish engulfing pattern and volume confirmation. A short bias is triggered when price closes below the 50-period MA with a bearish harami pattern and declining volume. Based on today's data, a long entry signal would have been generated around 03:30 ET as QKCUSDT closed above the 20-period MA and formed a small bullish engulfing pattern. A short signal was also valid at 06:30 ET, as a bearish harami formed with declining volume. The strategy would have generated two entries with stop-loss at the nearest Fibonacci level.