Market Overview for QNTBTC (Quant/Bitcoin)

• QNTBTC consolidates near 0.000828–0.000830 as buyers step in after a sharp pullback.
• RSI shows weakening momentum amid 15-minute volatility but remains neutral.
• Volume spikes in early hours signal bear pressure, countered by midday buying.
• Bollinger contraction suggests a potential breakout ahead of key levels.
• Key Fibonacci levels at 0.0008333 and 0.0008392 mark possible resistance ahead.

24-Hour Summary

On October 8, 2025, the QNTBTC pair opened at 0.0008302 at 12:00 ET-1 and closed at 0.0008208 by 12:00 ET. During the 24-hour period, it reached a high of 0.000843 and a low of 0.0008166. Total trading volume amounted to 231.138 QNT, with a notional turnover of approximately 194.4 BTC. The pair displayed a bearish trend, punctuated by short-term bounces and volatile price swings.

Structure & Formations

The 15-minute chart shows a bearish structure from the peak at 0.000843 to the trough at 0.0008166, forming a descending pattern. Key support levels emerged at 0.000825 and 0.000820, where the price found temporary buying interest. A notable bearish engulfing pattern appeared at 0.0008352–0.0008297, confirming downward momentum. A doji formed near 0.0008352, suggesting a pause in selling pressure and possible consolidation.

Moving Averages

On the 15-minute chart, the 20-period MA (0.0008306) and 50-period MA (0.000832) are both above the current price, signaling bearish divergence. Daily moving averages (50, 100, and 200) also trend downward, reinforcing the bearish bias. The price remains below all major moving averages, suggesting continuation of the downtrend unless a strong reversal occurs.

MACD & RSI

The MACD line turned negative in the last 24 hours, with the signal line crossing below zero, confirming bearish momentum. RSI fluctuated between 40 and 60, remaining in neutral territory. There were no clear overbought or oversold signals, but RSI divergence occurred at 0.0008342, hinting at possible exhaustion of the bearish move. The histogram on the MACD showed a gradual decay in bearish strength.

Bollinger Bands

Bollinger Bands showed a contraction in the 15-minute timeframe as volatility decreased, followed by a recent expansion. The price has been trading near the lower band, indicating a period of consolidation. A breakout above 0.000833 or below 0.000825 could trigger renewed momentum in either direction. The band width currently sits at 0.000003, below average for recent swings.

Volume & Turnover

Volume spiked during the early morning hours, particularly around 0.0008341 and 0.0008298, indicating strong bearish participation. Turnover also surged during these periods, aligning with price action. However, in the last six hours, volume has cooled, suggesting waning bearish conviction. A divergence between falling price and rising volume could signal an imminent reversal, but no such divergence has emerged yet.

Fibonacci Retracements

Applying Fibonacci retracement to the swing from 0.000843 to 0.0008166, the 38.2% level sits at 0.0008282 and the 61.8% level at 0.0008333. The current price (0.0008208) is near the 78.6% retracement level, suggesting a possible bounce or consolidation before testing 0.0008333 as resistance. A retest of 0.0008333 could trigger further selling if bears remain in control.

Backtest Hypothesis

Applying a backtest strategy that triggers short positions on bearish engulfing patterns confirmed by a close below the 20-period MA, with stop-loss at the recent swing high and take-profit at the next Fibonacci level, could yield positive outcomes in this scenario. The recent bearish engulfing at 0.0008352–0.0008297 aligns with the criteria, and the pair is now near the 78.6% retracement level. This setup suggests a high-probability trade if the price fails to retest the 0.0008333 level and breaks support at 0.000825.