Market Overview for QNTBTC on 2025-10-13

• QNTBTC traded in a 24-hour range of $0.0007849–$0.0008179, closing near the low after a sharp midday reversal.
• Key support at $0.0007904 and resistance at $0.0008036 defined short-term trading action, with a bearish engulfing pattern forming at the peak.
• Volatility spiked midday, with a 20-period RSI hitting overbought levels and then retracting sharply into neutral territory.
• Bollinger Band contraction and divergence between volume and price suggest a consolidation phase ahead.

Quant/Bitcoin (QNTBTC) opened at $0.0007897 (12:00 ET − 1) and traded as high as $0.0008179 before closing at $0.0007808 (12:00 ET). Total volume was 558.79, with a notional turnover of $440.00, indicating moderate activity and potential for follow-through.

Structure & Formations

QNTBTC formed a bearish engulfing pattern at the top of its 24-hour range, suggesting short-term exhaustion. A doji at $0.0008011 also signaled indecision. Key support levels include $0.0007904 and $0.0007878, while resistance clusters at $0.0008036 and $0.0008075. A descending triangle is developing, suggesting a potential break to the downside.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart crossed in a bearish alignment after midday, reinforcing the downward trend. On the daily chart, the 50-period SMA remains above the 200-period SMA, indicating medium-term bullish bias, though a cross below the 50-period SMA could trigger further selling.

MACD & RSI

The 15-minute MACD showed a bearish crossover midday, confirming the selloff. RSI spiked to overbought levels around 75 before quickly retreating, signaling a loss of momentum. The oscillator is now in neutral territory, with a possible retest of the 30 level. This suggests that any near-term rebound may be short-lived unless accompanied by a strong volume surge.

Bollinger Bands & Fibonacci

Price recently pulled back toward the lower Bollinger Band at $0.0007849, indicating a contraction in volatility. A retracement to the 61.8% Fibonacci level at $0.0007904 suggests a potential floor. If this level holds, a test of the 50% retracement at $0.000798 could follow. A break below the 61.8% level would target the 38.2% at $0.000795, with further weakness likely.

Volume & Turnover

Volume spiked midday during the selloff but has since cooled, suggesting reduced conviction. Turnover spiked during the $0.0008094–$0.0008179 range but has declined sharply post-peak. Divergence between price and volume implies weakening bearish pressure. A sharp volume increase on a rebound could confirm a short-covering bounce.

Backtest Hypothesis

Given the recent overbought RSI readings and bearish momentum seen on the 15-minute chart, an RSI-based backtest could provide valuable insight. A strategy that enters long when RSI (20-period) crosses below the oversold level (30) and exits when it re-enters overbought territory (70) may align with the current volatility profile. Alternatively, a dynamic exit based on the next RSI signal—either a retest of 30 or a move back above 70—could capture both short-term swings and directional bias. The data shows multiple RSI cross events, making it suitable for testing multiple exit rules.