Market Overview: QNTBTC (Quant/Bitcoin) 24-Hour Analysis as of 2025-09-17

• QNTBTC opened at $0.0008705 and declined to a low of $0.0008538 before closing at $0.0008619.
• A bearish momentum was evident in the first half of the session, followed by a modest recovery in the latter half.
• The total 24-hour trading volume stood at 155.26, with a turnover of 134.29.
• Price action showed a key consolidation pattern near $0.0008600–0.0008630.
• RSI suggested oversold conditions during the mid-session dip, hinting at potential buying interest.

The QNTBTC pair opened at $0.0008705 on 2025-09-16 at 12:00 ET, reached a high of $0.0008698, a low of $0.0008538, and closed at $0.0008619 on 2025-09-17 at 12:00 ET. The 24-hour volume was 155.26, with a notional turnover of approximately 134.29. The session featured a bearish bias early on, with a brief attempt at a rebound in the final hours.

Structure & Formations

Price action showed a bearish breakdown from $0.0008705 to $0.0008538, with key support levels forming in the $0.0008600–0.0008630 range. A potential bullish reversal pattern began to take shape near $0.0008538–0.0008619, as seen in the formation of small bodies and narrowing range in the final candlesticks. No strong bearish or bullish engulfing patterns were observed, but the formation of a doji near the low suggested indecision and possible support.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, indicating continued downward pressure for now. However, the 50-period line is starting to flatten as the close nears it, suggesting potential near-term support. On the daily chart, the 50/100/200-period moving averages are in a bearish alignment, but the price may be approaching a key inflection point if the 50-period line holds.

MACD & RSI

MACD shows a bearish divergence early in the session, followed by a neutral-to-bullish divergence in the last 6 hours. RSI bottomed out at ~28 during the mid-session low, indicating oversold conditions and possible accumulation. The RSI has since bounced toward the 50-level, suggesting potential for a short-term rebound.

Bollinger Bands

The price spent a significant portion of the session near the lower Bollinger Band, confirming the bearish momentum. However, in the final hours, the price moved closer to the centerline of the bands, indicating reduced volatility and potential for consolidation or a reversal. A move above the upper band is unlikely unless there is a significant volume-driven reversal.

Volume & Turnover

Volume spiked in the early session (particularly at 19:15–19:45 ET), contributing to the breakdown from $0.0008705 to $0.0008538. However, the final hours saw increased buying activity, as evidenced by the higher close and relatively strong volume. The total volume and turnover were in sync, with no clear divergence observed. This suggests genuine price action rather than manipulative behavior.

Fibonacci Retracements

On the 15-minute chart, the pullback after the low of $0.0008538 reached the 61.8% Fibonacci level at ~$0.0008619–0.0008626, which aligns with the closing price of the session. This level could serve as a key support zone for the next 24 hours. On the daily chart, retracement levels from the recent high to low suggest that the 38.2% level is currently in play, around $0.0008650–0.0008660.

Backtest Hypothesis

A potential backtesting strategy could focus on a reversal setup from oversold RSI conditions and Fibonacci levels. A long entry could be triggered near the 61.8% retracement level (~$0.0008620) if RSI stabilizes above 50 and volume increases. Stop-loss placement could be below the recent low at $0.0008538, with a target near the 38.2% retracement at $0.0008660. This strategy would benefit from a consolidation phase and a shift in sentiment.