Market Overview for QuarkChain (QKCUSDT)

• QuarkChain (QKCUSDT) closed 0.007551 on 2025-07-19 after a volatile 24-hour session with a 0.86% decline from the prior day's close.
• A bearish reversal pattern emerged near 0.007675, suggesting potential near-term resistance.
• Volume surged during the afternoon (ET) but faded into the evening, highlighting diverging momentum.
• RSI and MACD both signaled weakening bullish momentum, with RSI entering oversold territory.
• Bollinger Bands showed increased volatility with price testing the lower band during late ET hours.

QuarkChain (QKCUSDT) opened at 0.007648 on 2025-07-18 at 12:00 ET and closed at 0.007551 on 2025-07-19 at 12:00 ET, reaching a high of 0.007725 and a low of 0.007454. Total volume was 61,224,442.00, with a notional turnover of approximately $461,313.

Structure & Formations

Price action over the last 24 hours shows a bearish trend with key resistance forming around 0.007675–0.007700. A strong rejection occurred during the 04:15–04:30 ET session, forming a potential bearish reversal pattern. On the downside, 0.007500–0.007530 appears to be a short-term support cluster, with price bouncing off this area multiple times during late ET hours.

Moving Averages

On the 15-minute chart, the 20-period moving average has been bearish for most of the session, crossing below the 50-period line, indicating bearish momentum. On the daily timeframe, the 50-period MA is above the 100- and 200-period lines, suggesting intermediate-term bearish pressure.

MACD & RSI

The MACD line crossed below the signal line during the morning hours, reinforcing the bearish bias. The RSI has been in oversold territory for much of the session, suggesting potential for a short-term bounce, but without a clear reversal pattern, this could be a false signal. Momentum appears to be waning as the histogram has been shrinking.

Bollinger Bands

Volatility increased throughout the session, with Bollinger Bands widening. Price spent a significant portion of the day near the lower band, especially after 20:00 ET. This suggests bearish exhaustion, but without a clear breakout above the upper band, a continuation of the downtrend is more probable.

Volume & Turnover

Volume spiked during the afternoon (ET), particularly between 17:30 and 19:30, coinciding with a sharp decline in price. However, volume dropped off significantly in the evening, indicating weakening bearish conviction. Notional turnover followed a similar pattern, with divergence emerging after 22:00 ET.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 0.007454 to 0.007725, key levels at 0.007592 (38.2%) and 0.007533 (61.8%) were tested multiple times. The 61.8% level appears to be acting as a short-term floor, and a break below this level could target 0.007475.

Over the next 24 hours, QuarkChain could test the 0.007530–0.007500 support zone. A break below that may trigger further downside, but a rejection here could spark a short-term rebound. Investors should remain cautious given the weak momentum and bearish divergence in volume.