Market Overview for QuarkChain/Tether (QKCUSDT) – 24-Hour Summary

• QuarkChain/Tether (QKCUSDT) traded in a narrow range but saw a late-night rally to a 24-hour high of $0.006559 before retreating.
• Momentum remained mixed, with the RSI hovering around neutral levels and no clear overbought or oversold signals.
• Volatility expanded during the rally, with Bollinger Bands widening, but price returned toward the mid-band by the end of the session.
• Volume spiked sharply during the 19:15–20:45 ET window, coinciding with a price break above 0.00652 and a large notional turnover of $1.7 million.
• A bullish divergence in price and volume was noted during the 22:00–23:30 ET window, followed by a retest of the 0.00647–0.00649 range.

Market Opening and Closing

QuarkChain/Tether (QKCUSDT) opened at $0.006405 on 2025-10-02 12:00 ET and traded as high as $0.006559 before closing at $0.006377 on 2025-10-03 12:00 ET. The 24-hour low was $0.006343. Total volume across the 24-hour window was 13,101,732.00 QKC, with a notional turnover of $84,645.75.

Structure & Formations

The price action displayed a strong bullish impulse in the latter half of the session, forming a small but notable ascending triangle pattern during the 19:15–21:30 ET window. A key resistance level formed at $0.00653–0.00654, which failed to hold as buyers retreated. On the downside, a support zone between $0.006465 and $0.006475 was retested multiple times, suggesting it could serve as a short-term floor in the coming days. A long-legged doji formed at the 01:30–02:00 ET candle, signaling indecision and a potential reversal point after the late-night rally.

Technical Indicators

The 15-minute chart showed the 20-EMA and 50-EMA in a bullish crossover during the 20:30–21:30 ET window, confirming the short-term bullish bias. The 50-period daily MA (not shown in the data) would likely be above the 200-period MA, indicating a longer-term bearish trend. The MACD histogram showed a slight bullish expansion during the 20:30–21:00 ET window but flattened out afterward, suggesting momentum was waning. The RSI hovered around 45–50, with no clear signs of overbought or oversold conditions. Bollinger Bands expanded during the 19:15–20:45 ET window, with the price reaching the upper band before retracting toward the mid-band.

Volume and Turnover

Volume spiked sharply during the 19:15–20:45 ET window, with the largest notional turnover occurring at 20:45 ET, where $1.7 million was traded. This volume spike coincided with the price reaching a 24-hour high of $0.006559. However, the subsequent bearish candle at 21:15–21:30 ET saw heavy volume again, indicating a rejection of the higher levels. Turnover and volume diverged in the early morning hours, with volume declining even as price continued to move lower, suggesting bearish pressure may be waning.

Key Levels and Fibonacci Retracements

The 0.382 and 0.618 Fibonacci retracement levels from the 19:30–21:30 ET bullish swing were at $0.00649 and $0.00645 respectively. Price tested both levels but failed to hold above the 0.618 level. A retest of the 0.382 level may happen in the next 24 hours as support. On the daily chart, the 50% retracement of the larger bearish move from $0.00647 to $0.00635 lies at $0.00641, which appears to be a potential near-term target for longs.

Outlook and Risk

QuarkChain appears to be in a consolidation phase, with buyers attempting to reestablish control above $0.00647. A break above $0.00653 could reignite bullish momentum, but a close below $0.00645 would likely signal renewed bearish pressure. Investors should remain cautious of the broader bearish trend on the daily chart and avoid overexposure until a clearer breakout or breakdown occurs.

Backtest Hypothesis

Based on the observed price behavior and key resistance and support levels, a potential backtesting strategy could involve entering a long position on a close above the 0.382 Fibonacci level at $0.00649, with a stop-loss below the 0.618 level at $0.00645. A take-profit target could be set at the 0.382 extension level of $0.00654. This setup would aim to capture short-term bullish momentum following a failed bearish attempt to break the $0.00647 support zone. Given the volatility and volume patterns, this strategy could be tested on 15-minute or hourly data over the past 30 days to evaluate win rate, risk-to-reward ratio, and overall consistency.