Market Overview for QNTBTC on 2025-10-05

• Price dipped 0.08% over 24 hours, closing near session low.
• Volatility rose mid-session with a 15-minute candle break below key support.
• Volume spiked during early-night selloff, confirming bearish momentum.
• RSI and MACD signal potential oversold conditions, hinting at short-term rebound potential.
• Bollinger Band contraction suggests low volatility ahead, possibly leading to a breakout.

The QNTBTC pair opened at 0.0008448 at 12:00 ET–1 and traded between 0.0008499 and 0.0008314 before closing at 0.0008342 at 12:00 ET. Total volume across the 24-hour period was 263.99, while total turnover reached 223.68. The session featured a bearish bias, particularly during the early evening hours, with a sharp selloff confirmed by volume surges.

Structure & Formations

The session formed a bearish continuation pattern after a key support level at 0.0008442 was broken during the night. A significant 15-minute candle from 02:45–03:00 ET closed at 0.0008342 after a 0.16% drop. A bearish engulfing pattern appeared at this time, confirming the breakdown. No strong bullish reversal patterns emerged, but a potential oversold RSI could signal a temporary bounce.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs have both shifted downward, with price currently trading below both. The 50-period line is around 0.000846, and the 20-period sits at 0.000844. Over the daily chart, the 50-period SMA is at 0.000845, with the 100-period at 0.000843 and the 200-period at 0.000842, indicating a bearish alignment with short-term price action.

MACD & RSI

The 15-minute MACD has crossed into negative territory, with bearish momentum still intact, particularly in the early hours. The RSI has dropped into oversold territory, currently at 32, suggesting a short-term pullback may be due. However, this may not signal a reversal, as the broader trend remains bearish. Divergence between price and RSI is limited, but a weak bearish crossover is in place.

Bollinger Bands

Price has been trading near the lower Bollinger Band for the past two hours, indicating low volatility and consolidation. A contraction in the bands was observed between 04:00 and 06:00 ET, with a subsequent expansion suggesting an upcoming breakout may be imminent. Given the bearish context, a downward breakout is more likely than a bullish one.

Volume & Turnover

Volume surged during the early-night selloff, with a 15-minute volume spike of 11.49 at 19:45 ET confirming the bearish move. Turnover was also elevated during this period. However, volume has since declined, suggesting the selloff has lost some steam. A divergence between price and volume is not currently present, but caution is warranted if volume fails to increase during a potential rebound.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.0008499 to 0.0008314, the 38.2% retracement level is at 0.000843, and the 61.8% is at 0.000837. Price is currently hovering near the 61.8% level, indicating a possible near-term bounce. Over the daily chart, the 38.2% retracement is at 0.000843, and the 61.8% is at 0.000841, suggesting consolidation near these levels could continue.

Backtest Hypothesis

Given the current bearish structure and RSI oversold condition, a potential long entry at a 61.8% Fibonacci retracement level at 0.000837 with a stop-loss placed below the recent low of 0.0008314 could be considered. A target of 0.000843 aligns with key resistance. This setup would be confirmed by a bullish MACD crossover and a rebound in volume. A backtest using historical data from similar bearish breakouts would be useful to validate the strategy’s effectiveness under varying volatility conditions.