Market Overview for QuarkChain/Tether (QKCUSDT) on 2025-10-05

• QuarkChain/Tether (QKCUSDT) traded in a narrow range for most of the session before surging past key resistance.
• A bullish breakout above 0.006374 with confirmation candle at 0.006418 shows momentum is shifting.
• Volume surged in the final hours, especially in the 02:45–04:15 ET window, confirming the move.
• RSI approached overbought territory, while MACD crossed above the signal line, suggesting continued upside.
• A 15-minute bullish engulfing pattern at 0.006303 confirmed a reversal from a consolidation phase.

At 12:00 ET on 2025-10-04, QKCUSDT opened at 0.006272, with the 24-hour high of 0.006473, low of 0.00624, and closed at 0.006351 by 12:00 ET. Total volume was 13,783,295, and turnover amounted to 8,640.36. Price moved within Bollinger Bands for most of the session but broke out decisively toward the end.

The price of QKCUSDT displayed a clear consolidation pattern between 0.00625 and 0.006305 before breaking out in late morning. Key resistance levels were identified at 0.006374 (broken decisively), 0.00642, and 0.006473, while support levels at 0.006317, 0.006282, and 0.00624 acted as short-term floors. A bullish engulfing pattern appeared at 0.006303, followed by a strong confirmation candle above 0.006355, signaling a shift in sentiment. A doji formed at 0.006286, indicating indecision but was quickly followed by a breakout.

Structure & Formations

The price consolidated between 0.00624 and 0.006303 for much of the session, forming a small ascending triangle pattern. This structure was confirmed by a breakout candle at 0.006355, with volume surging in the 02:45–04:15 ET window. The 0.006374 level, a prior swing high, was decisively breached, suggesting that the pair may test the next resistance at 0.006473. Additionally, a 15-minute bullish engulfing pattern at 0.006303 confirmed a shift in momentum to the upside. A doji at 0.006286 signaled short-term uncertainty but was quickly absorbed by the upward trend.

Moving Averages

Short-term 15-minute moving averages (20 and 50) showed a strong cross above the price in the final hours, confirming the breakout. The 20-period line sat at 0.006349 and the 50-period at 0.006344, both supporting the bullish thesis. On a daily chart, the 50-period MA was at 0.006311, 100-period at 0.006287, and 200-period at 0.006247. The price closed above the 50-day MA but remains below the 100 and 200-day averages, suggesting that a sustained break above 0.00636 could attract longer-term buyers.

MACD & RSI

The MACD crossed above the signal line in the 02:30–04:15 ET window and remained positive, indicating a strong bullish momentum phase. The histogram showed increasing divergence as the session progressed. RSI reached 62.1 at the close, approaching overbought territory (70), which could indicate a potential pullback. However, given the strong volume and pattern confirmation, a test of 70 is possible.

Bollinger Bands

The 20-period Bollinger Bands showed a period of contraction between 0.00625 and 0.006305, followed by a sharp expansion after the breakout. The price closed at 0.006351, above the upper band of 0.006357, signaling strong volatility and bullish momentum. The widening of the bands suggests increased market participation and potential for further gains in the next 24 hours.

Volume & Turnover

Volume surged in the 02:45–04:15 ET window, with a high of 1,349,024 in the 05:15 ET candle, confirming the breakout. Notional turnover also spiked during this period, aligning with the price action. However, a divergence appeared in the final hour of the session when volume dipped despite the price closing near the high. This suggests caution may be emerging in the short term.

Fibonacci Retracements

On the 15-minute chart, the 38.2% Fibonacci level was at 0.006305 and was a key support. The 61.8% level at 0.006347 acted as a psychological hurdle before the breakout. On the daily chart, the 38.2% level at 0.006287 was breached, while the 61.8% level at 0.006333 may offer near-term resistance. The price now appears poised to test the 78.6% level at 0.006386.

Backtest Hypothesis

Given the recent bullish breakout and confirmation by volume and candlestick patterns, a backtesting strategy based on breakout setups could be viable. A potential approach is to enter a long position on a close above the 0.006374 level with a stop-loss below 0.006317 and a target at 0.006473. This setup aligns with the 15-minute bullish engulfing pattern and MACD crossover. The high volume during the breakout confirms market interest and suggests the trend could persist in the short term.