Market Overview for QuarkChain/Tether (QKCUSDT) – 2025-09-21

• QuarkChain/Tether (QKCUSDT) closed lower after a volatile 24-hour period marked by sharp intraday corrections.
• Price tested key support and resistance levels multiple times, with bearish momentum dominating the latter half.
• Volume surged in early morning ET, hinting at heightened interest before a sharp pullback.
• RSI entered oversold territory late in the day, suggesting potential for a near-term bounce.
• Bollinger Bands showed a modest expansion, signaling rising short-term volatility.

Opening Snapshot

QuarkChain/Tether (QKCUSDT) opened at $0.006764 on 2025-09-20 at 16:00 ET and closed at $0.006645 on 2025-09-21 at 16:00 ET. The pair reached a high of $0.006876 and fell to a low of $0.006597 during the 24-hour period. Total traded volume amounted to 193,493,932.0 units, with a notional turnover of approximately $1,328,115. The market exhibited a bearish bias, especially in the final 8 hours of the 24-hour window.

Structure & Formations

The 24-hour period featured several key price levels. The $0.00678 mark acted as a strong resistance in the mid-morning hours, with the price failing to close above it. In contrast, the $0.00670–$0.00671 range held as a key support cluster, particularly in the early hours of the morning and again after 14:00 ET. A bearish engulfing pattern emerged around 14:00 ET when the price closed below the preceding candle’s body, confirming a short-term bearish shift. A doji formed near the close, suggesting indecision and possible reversal.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart indicated bearish momentum, with the price consistently closing below both. On the daily timeframe, the 50-period and 200-period moving averages were not directly provided, but the overall trend suggests the price may be approaching a confluence of key moving average levels, which could determine short-term direction.

MACD & RSI

MACD showed a bearish crossover in the late morning, with the histogram contracting as the bearish bias intensified. RSI entered the oversold region (below 30) in the late afternoon and remained there at close, hinting at potential near-term buying pressure. The divergence between RSI and price action in the final hour suggested caution, with bears still holding the upper hand unless a reversal candle forms.

Bollinger Bands

Bollinger Bands displayed a moderate expansion during the early morning hours, coinciding with the price’s sharp decline. The price fluctuated within the bands for most of the day but drifted closer to the lower band in the last 3 hours, indicating heightened volatility and potential for a bounce. A close above the middle band could signal renewed bullish momentum.

Volume & Turnover

Volume spiked in the early morning hours (03:00–04:00 ET) and again at 14:00–15:00 ET, with the latter coinciding with a sharp drop in price. Notional turnover mirrored this trend, suggesting active trading during critical price levels. However, volume declined sharply in the final 3 hours, despite the price hitting oversold territory, indicating potential exhaustion among sellers or a lack of conviction in the downward move.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing high of $0.006876 and the subsequent low of $0.006597, the 61.8% level at $0.006722 acted as a minor support zone. The 38.2% level at $0.006684 also showed some resistance during the recovery phases. These levels could play a pivotal role in the near term if the price consolidates or experiences a rebound.

Forward-Looking View

Looking ahead, QuarkChain/Tether may find near-term support around $0.006684–$0.00670 and resistance at $0.00674–$0.00676. A break above the 61.8% Fib level could attract buyers, but a continued failure to hold above $0.00670 may invite further bearish pressure. Traders should remain cautious of potential false breakouts and keep a close eye on the volume profile.

Backtest Hypothesis

A potential backtest could focus on entering long positions when RSI dips below 30 and volume increases by at least 30% from the 20-period average, with a stop loss placed below the 61.8% Fib level. A short position may be triggered on bearish engulfing patterns with high volume and a close below the 20-period moving average. This strategy leverages both momentum and volume signals, aligning with the observed behavior during the 24-hour period. Testing this on historical data would determine the robustness of the signals.