Market Overview: QNTBTC Faces Support Test Amidst Oversold Momentum

Summary
• QNTBTC declined by 3.84% over 24 hours, with a key support test at 0.000838.
• Volume surged after 12:00 ET as price consolidation suggested potential reversal.
• RSI and MACD signaled oversold conditions, hinting at possible short-term bounce.

Quant/Bitcoin (QNTBTC) opened at 0.0008908 on 2025-12-17, reached a high of 0.0009004, and closed at 0.0008398 on 2025-12-18. Total volume was 449.05, and turnover stood at approximately 0.3923 (notional value).

Structure & Formations

Price tested the 0.000838 psychological level multiple times, forming a bearish flag pattern after a sharp decline from 0.0009004. A bearish engulfing pattern emerged around 19:30 ET, suggesting ongoing selling pressure. A doji near 0.000838 hinted at potential reversal but lacked confirmation.

Moving Averages

On the 5-minute chart, price closed below the 20-period and 50-period moving averages, reinforcing a bearish bias. Daily MA levels showed mixed signals, with price near the 50-day MA but below the 200-day, indicating potential for range-bound trading.

Momentum & Indicators

The RSI dipped below 30 in the final 4 hours, signaling oversold territory, while the MACD crossed below the signal line late in the day, confirming bearish momentum. The MACD histogram showed a gradual contraction, hinting at waning bearish energy.

Volatility & Bollinger Bands

Volatility remained elevated as QNTBTC traded within a wide Bollinger Band range for most of the day. Price touched the lower band several times, suggesting a potential rebound could be near.

Volume & Turnover

Volume spiked near the 12:00 ET close, with a sharp increase in turnover from 09:30 ET onward. Notional turnover aligned with price declines, reinforcing bearish conviction. A divergence between volume and price was not observed, suggesting continuation is probable.

Retracements & Key Levels

Fibonacci retracement levels applied to the 0.0009004–0.000838 move showed 0.000856 as a 38.2% level and 0.000848 as 61.8%, both of which acted as minor resistance during consolidation periods.

QNTBTC may find near-term support at 0.000838–0.000840 and could test 0.000850–0.000855 if buyers re-enter. Investors should remain cautious as a break below 0.000838 could trigger further declines.