Market Overview: QNTBTC (Quant/Bitcoin) 24-Hour Technical Update

Summary
• Price drifted lower overnight, with 0.0009304 acting as a short-term floor.
• A bearish engulfing pattern formed at 18:00 ET, followed by a consolidation phase.
• RSI reached oversold territory late morning, hinting at potential short-term bounce.
• Volume surged at 18:00 ET, coinciding with a sharp downward move.
• Price remained within contracting Bollinger Bands before breaking lower toward 0.0009304.

Quant/Bitcoin (QNTBTC) opened at 0.0009593 on 2025-12-09 12:00 ET, reached a high of 0.0009593, fell to a low of 0.0009268, and closed at 0.0009321 at 12:00 ET on 2025-12-10. The 24-hour volume totaled approximately 237.57 and turnover was ~235.59.

Structure & Formations

Price action formed a bearish engulfing pattern at 18:00 ET, followed by a consolidation phase before breaking lower into a potential support zone at 0.0009304. A tight trading range in the final hours suggests a period of indecision, with 0.0009438 acting as a local high and 0.0009304 as a near-term support.

Moving Averages

On the 5-minute chart, price remained below both the 20 and 50-period moving averages for much of the session, indicating bearish momentum. No daily moving average crossovers occurred, but price remained below the 200-period line, suggesting a continuation of the longer-term bear trend may be likely.

MACD & RSI

MACD remained negative throughout the session, with a bearish crossover at 18:00 ET. RSI dipped into oversold territory at 0.0009321, indicating potential for a short-term bounce or consolidation. However, weak volume in the final hours suggests limited follow-through.

Bollinger Bands

Price remained within a contracting Bollinger Band range for most of the session, breaking lower toward the lower band at 0.0009304. The tight range suggests low volatility ahead of a potential breakout or reversal.

Volume & Turnover

A sharp increase in volume at 18:00 ET coincided with a price break lower toward 0.0009304, confirming the move. However, turnover remained weak in the final hours, signaling limited conviction in the current bearish bias. No divergence was observed between price and volume.

Fibonacci Retracements

Fibonacci levels applied to the 0.0009593–0.0009268 swing suggest key potential areas of interest at 0.0009440 (38.2%) and 0.0009370 (61.8%), both of which appear to have been rejected in the short term.

QNTBTC appears to be in a consolidation phase after breaking support at 0.0009304. A test of that level may be likely in the near term, with a potential bounce toward 0.0009438 if buyers emerge. However, caution is warranted, as a breakdown below 0.0009304 could signal the start of a deeper correction.