Market Overview for QuarkChain/Tether (QKCUSDT) on 2025-11-10

• Price consolidates near 0.00508–0.00511.
• RSI suggests overbought conditions at peaks.
• Volume remains moderate, with no divergences.
• Bollinger Bands contract in mid-session.
• No bullish engulfing patterns identified for testing.

The QuarkChain/Tether (QKCUSDT) pair opened at 0.005087 on 2025-11-09 at 12:00 ET, reached a high of 0.005209, a low of 0.005006, and closed at 0.005023 on 2025-11-10 at 12:00 ET. Total trading volume was 103,755,766.0 units, with a notional turnover of approximately $522,407 (based on average price of ~$0.005041).

On a 15-minute OHLCV chart, the pair formed several bearish and bullish patterns, including a sharp pullback below the 0.00508–0.00511 consolidation range in the late afternoon. A notable bearish divergence between price and RSI at the close suggests potential near-term weakness. The 20-period and 50-period moving averages crossed within the range, indicating a lack of clear directional momentum.

Structure & Formations

Price found temporary resistance near 0.00511 and support around 0.00506–0.00508, with several indecisive candlesticks forming in the consolidation phase. A bearish harami pattern emerged around 14:45 ET, suggesting a potential reversal from the upward trend. No bearish or bullish engulfing patterns were identified during the session.

Moving Averages

On the 15-minute chart, the 20-period moving average (20SMA) hovered slightly above the 50-period SMA (50SMA), indicating a relatively neutral bias. On the daily chart, the 50SMA crossed above the 200-period SMA (200DMA), a potential sign of a bullish trend, though it may take several days for confirmation.

MACD & RSI

The MACD line crossed below the signal line in the late afternoon, suggesting a bearish signal. RSI peaked above 70, indicating overbought conditions for a brief period, but quickly fell below 50 as selling pressure emerged. This implies that any bullish continuation may need a retest of key support levels for confirmation.

Bollinger Bands

Bollinger Bands expanded in the early hours before contracting during the mid-session, indicating a shift from high to moderate volatility. The price closed below the lower band in the afternoon, suggesting a short-term bearish bias.

Volume & Turnover

Volume spiked in the early morning and again in the afternoon, particularly between 09:00 ET and 16:00 ET. However, price did not make a decisive move following these spikes, suggesting a lack of conviction. Notional turnover remained in line with price movements, with no significant divergences.

Fibonacci Retracements

Applying Fibonacci levels to the 0.00506–0.00511 swing, the 61.8% level is around 0.005088, which coincided with a price consolidation point during the session. A break below the 38.2% level (~0.005073) could test further support at 0.005059.

Backtest Hypothesis

A standard bullish engulfing pattern-based backtest could provide insight into potential entry opportunities, but this indicator was not found in the dataset. One possible workaround is to attempt an alternative retrieval using different naming conventions for the pattern, or alternatively, to manually input any bullish engulfing dates if available. In the absence of this data, the most practical next step would be to run a generic “buy and hold for 3 days” backtest on key pattern-like setups identified in the 15-minute chart, such as the ones forming around 09:45 ET and 13:45 ET. This would provide a baseline for evaluating pattern-based strategies on QKCUSDT.