Market Overview: QKCUSDT Navigates 24-Hour Volatility and Oversold Conditions

Summary
• QKCUSDT formed a bearish engulfing pattern on the 5-minute chart around 00:15 ET, signaling potential short-term weakness.
• Momentum slowed as RSI dropped below 30, indicating oversold conditions and possible near-term bounce.
• Volatility expanded as price moved from $0.004442 to $0.004121, with volume surging past 16 million at the peak.

24-Hour Price and Volume

QuarkChain/Tether (QKCUSDT) opened at $0.00438 on 2026-01-18 12:00 ET, reached a high of $0.004442, a low of $0.004121, and closed at $0.004158 at 2026-01-19 12:00 ET. The 24-hour volume reached 16,984,523, with a notional turnover of $73,443.56.

Structure and Momentum

Price action saw a sharp decline after 00:00 ET, with a bearish engulfing pattern forming near $0.004442, indicating bearish pressure. RSI dropped below 30 by early morning, suggesting a potential rebound. The 20-period and 50-period moving averages on the 5-minute chart crossed into bearish alignment, reinforcing the downtrend.

Volatility and Volume

Bollinger Bands expanded significantly during the sharp drop, with price nearing the lower band at $0.004121. Volume surged to over 16 million on the 00:15 ET candle, confirming the bearish breakout. However, volume waned as price moved toward the daily close, pointing to a potential pause in the downward move.

Fibonacci and Forward Outlook

A key Fibonacci support level lies at $0.004155 (38.2% retracement of the 00:00–00:15 ET swing). Price appears to have found initial support near this level, and a rebound could test $0.004250. Investors should remain cautious as the market may consolidate, but the risk of renewed bearish pressure remains if volume spikes again.