Market Overview for QuarkChain/Tether (QKCUSDT) on 2025-10-08

• QKCUSDT traded lower by 0.42% over 24 hours, closing at $0.006130 after testing key resistance near $0.006180.
• Volume declined from a peak of $4.19M to $1.58M in the last 15-minute interval, indicating fading momentum.
• RSI remains in neutral territory at ~47, suggesting a potential consolidation phase.
• A bearish engulfing pattern formed at $0.006180, while Bollinger Bands show a modest contraction.
• Turnover and volume diverged near $0.006140–$0.006160, hinting at mixed market conviction.

QuarkChain/Tether (QKCUSDT) opened at $0.006164 on 2025-1007 12:00 ET and closed at $0.006130 on 2025-1008 12:00 ET. The pair reached a high of $0.006192 and a low of $0.006036 over 24 hours. Total volume across the 15-minute OHLCV dataset was approximately 10,742,450 units, with notional turnover reaching $65.27M.

Structure & Formations

Price action showed a bearish bias throughout the day, with a key resistance forming around $0.006180–$0.006192. A bearish engulfing pattern developed after the price touched $0.006181, signaling short-term bearish sentiment. A doji formed at $0.006108, indicating indecision at the lower end of the range. Key support levels are forming at $0.006105 and $0.006095, where multiple candles found consolidation. These levels may continue to serve as critical price anchors in the near term.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line, forming a potential death cross. This suggests a weakening of bullish momentum in the short term. On the daily chart, the 50-period MA sits at ~$0.006135, above the 100-period MA (~$0.006120), and both are above the 200-period MA (~$0.006115), suggesting a mild bullish bias in the broader timeframe. However, the recent price action may test the 50-period MA as support.

MACD & RSI

MACD remains in negative territory with the histogram contracting slightly, pointing to a slowdown in bearish momentum. RSI stands at ~47, indicating neutral conditions without clear overbought or oversold signals. While the RSI hasn’t shown extreme readings, it may approach the 40 level in the next 24 hours if the current trend continues, suggesting a potential oversold condition could develop if the price breaks below $0.006105.

Bollinger Bands

Bollinger Bands have shown a modest contraction from earlier in the day, particularly in the last 6 hours. Price has remained inside the bands for most of the session, oscillating between the middle and lower band. A further contraction could signal a potential breakout, either bullish or bearish, depending on where the price finds conviction. The mid-band currently sits at ~$0.006127, and a close below this level may trigger more bearish follow-through.

Volume & Turnover

Volume remained elevated in the early part of the day, peaking at $4.19M in the 04:30–04:45 ET session, followed by a sharp decline. Turnover moved in tandem with volume during the first half but began to diverge in the latter half, particularly between $0.006140 and $0.006160. This suggests that while price found resistance, liquidity and participation waned, indicating possible profit-taking or a lack of conviction in directional moves.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent swing high ($0.006192) and low ($0.006036), key levels at 38.2% (~$0.006116) and 61.8% (~$0.006086) have seen price action. The 61.8% level coincided with a consolidation phase, where the price found support and reversed back toward the mid-range. If the price continues lower, the next Fibonacci level at ~$0.006055 could become significant.

Backtest Hypothesis

A potential backtesting strategy for QKCUSDT could involve using a combination of the 50-period MA as a dynamic support level, RSI below 40 as a potential oversold trigger, and Fibonacci retracement levels for defining entry and stop-loss points. For example, a trade could be triggered if price breaks below $0.006105 (Fib 61.8%) with RSI < 40 and volume increasing on the 15-minute chart. A stop-loss could be placed just above $0.006116 (38.2% Fib), and a take-profit could target $0.006081 (23.6% Fib). This setup could be tested for consistency in range-bound environments with clear support and resistance levels.