Market Overview: QuarkChain/Tether (QKCUSDT) – 24-Hour Summary and Technical Analysis

• QuarkChain/Tether (QKCUSDT) traded in a 24-hour range of $0.005284–$0.005414, closing near the lower end of its range at $0.005296.
• A bearish reversal pattern formed around 19:30 ET as price surged to $0.005403 before collapsing 0.25% in the next candle.
• Volatility spiked after 19:30 ET with a 15-minute high of $0.005403, but momentum faded as RSI dipped below 50.
• Turnover increased by over 500% during the 19:30–20:00 ET hour, showing aggressive but ultimately unsuccessful buying pressure.
• A 50-period moving average on 15-minute data crossed below a 20-period line, suggesting short-term bearish momentum.

QuarkChain/Tether (QKCUSDT) opened at $0.005331 on 2025-10-24 at 12:00 ET, reaching a high of $0.005414 and a low of $0.005284, before closing at $0.005296 on 2025-10-25 at 12:00 ET. The 24-hour volume was 23.1 million QKC, with a notional turnover of approximately $124,145. Price action showed a bearish bias, especially during the late ET hours.

The 15-minute chart revealed key support at $0.005305 and resistance at $0.005395. A bearish engulfing pattern appeared at $0.005396–$0.005371 around 00:45 ET, signaling potential exhaustion in the rally. The 20-period moving average crossed below the 50-period line during the early morning ET hours, reinforcing bearish momentum. A 50-period MA (15-min) currently sits at $0.005375, and the 50-period daily MA stands at $0.005345, suggesting medium-term bearish pressure.

The RSI hovered near 50 for most of the session, but dipped below 50 after 01:00 ET, signaling bearish momentum. MACD lines showed a bearish crossover, with the histogram declining in the final 4 hours. Bollinger Bands showed a moderate widening during the 19:30–20:45 ET period, indicating increased volatility. Price frequently tested the lower Bollinger Band in the final 8 hours, suggesting oversold conditions but without a clear rebound.

Volume and turnover spiked between 19:30–20:45 ET, reaching a peak of 849,369 QKC, but failed to push price above $0.005405. A divergence between volume and price occurred between 00:15–00:45 ET, where volume increased but price declined, hinting at weakening bullish sentiment. Fibonacci levels indicated a 61.8% retracement at $0.005335, which held as a short-term resistance during late ET.

Backtest Hypothesis: Based on the observed price behavior and volume patterns, a one-day hold strategy using daily closing prices could provide further insight into the market’s directional bias. The 15-minute candle close data supports the use of short-term trend-based triggers, and the bearish engulfing and Bollinger Band breakouts suggest potential sell signals during late ET hours. The strategy assumes a maximum one-day holding period with no additional stop-loss or take-profit constraints.