Market Overview for QNTBTC – 2025-09-19

• QNTBTC fell from 0.0008742 to 0.0008447 over 24 hours amid sustained selling pressure and key support breakdowns.
• A bearish divergence in RSI and MACD suggests weakening momentum and potential for further downside.
• Volatility expanded early, then contracted, hinting at a period of consolidation or exhaustion.
• Bollinger Bands show price near the lower band, suggesting oversold conditions and potential for mean reversion.
• The 0.00085–0.00086 range emerged as a key battleground, with repeated rejection from both sides.

The Quant/Bitcoin (QNTBTC) pair opened at 0.0008635 on 2025-09-18 at 12:00 ET, peaked at 0.000875, touched a low of 0.0008426, and closed at 0.000847 at 12:00 ET on 2025-09-19. Over 24 hours, total volume amounted to 154.112 units, and notional turnover reached $132.47 (QNTBTC price-weighted).

Structure & Formations

The 24-hour OHLC pattern shows a pronounced bearish bias. Price broke below the 0.000860–0.000865 consolidation range, forming a valid bearish breakout. Key support levels identified include 0.000855 and 0.000850, with the 0.000845 level acting as a short-term floor. A bearish engulfing pattern emerged around 2025-09-19 04:15 ET (0.0008515 to 0.0008447), signaling strong bearish sentiment. A potential short-term base may form around 0.000845–0.000850.

Moving Averages and Indicators

On the 15-minute chart, the 20-period and 50-period SMAs are in steep decline, reflecting bearish control. RSI remains below 30 for much of the day, indicating oversold conditions, though a potential bounce from this level may be limited without a reversal in volume dynamics. MACD remains negative, with the histogram widening into the bearish territory, suggesting sustained pressure.

Bollinger Bands show price near the lower band for much of the session, consistent with overbought selling. Volatility initially expanded in the early hours before contracting, signaling a potential exhaustion of sellers.

Volume & Turnover

Volume activity intensified during the downward leg between 17:30 and 19:30 ET, with a total of 79.867 units traded during this period. A divergence appears in the price-volume relationship as price continued to fall despite declining volume after 22:00 ET, suggesting potential near-term exhaustion. Turnover also fell sharply in the final 6 hours, which may indicate a pause in aggressive bearishness.

Fibonacci Retracements

Applying Fibonacci to the recent high (0.000875) and low (0.0008426), the 61.8% retracement level aligns with 0.000856, a level that has resisted further decline. A test of the 38.2% level at ~0.000862 may indicate a potential bounce point or continuation of bearish momentum.

Backtest Hypothesis

A backtesting strategy using MACD crossover and RSI below 30 as entry signals could potentially target the next swing low for a short position. Given the current RSI level and divergence in volume, a stop-loss near 0.000860 may be appropriate. The strategy would aim for a target near 0.000840–0.000835, consistent with the next Fibonacci level. However, traders should monitor the 0.000855 support, as a rebound from this level may invalidate the short signal.