Market Overview: QNTBTC Faces Critical Support Test Amid Volatility

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 8:55 pm ET1min read
BTC
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Aime RobotAime Summary

- QNTBTC broke below 0.0007733 support, hitting a 24-hour low of 0.0007647 amid heavy late-ET selling.

- Surging volume (24.776 BTC) and RSI below 30 confirmed bearish momentum despite oversold conditions.

- MACD's narrowing histogram and contracting Bollinger Bands signaled fading short-term selling pressure.

- Price remains in a descending channel, with potential further weakness toward 0.0007600 but risk of rebounds at oversold levels.

Summary
• QNTBTC broke below key 0.0007733 support, triggering a 24-hour low near 0.0007647.
• Volume surged during the 22:00–23:45 ET sell-off, confirming bearish momentum.
• RSI dropped below 30, suggesting oversold conditions, but price remains in a descending channel.
• MACD remained bearish with a narrowing histogram, signaling fading short-term selling pressure.
• Bollinger Bands contracted in the early hours before a breakout to the downside.

At 12:00 ET on 2026-01-16, Quant/Bitcoin (QNTBTC) opened at 0.0007798, hit a high of 0.0007843, a low of 0.0007647, and closed at 0.0007643. Total volume was 24.776 BTC, and notional turnover reached 0.01916426 BTC.

The 24-hour candlestick pattern showed a strong bearish bias, with a key breakdown below the 0.0007733 support level. This triggered a wave of selling, evident in the increased volume and a sharp drop in price during the late ET hours. The RSI reading below 30 signals potential oversold conditions, though bearish momentum remains intact.

MACD continued to trend lower, with the histogram narrowing slightly after the initial sharp sell-off, suggesting that some momentum may be easing. Bollinger Bands, which had shown a contraction in the early morning, expanded as the price broke out to the downside.

Looking ahead, a retest of the 0.0007647 level could signal further weakness, with a potential target near 0.0007600. However, investors should remain cautious of a potential rebound if buying interest emerges at oversold levels. Price volatility remains high, and sudden reversals are possible.