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

Summary
• Price fell sharply after midday ET, forming a bearish engulfing pattern near 0.004015.
• RSI shows moderate bearish momentum, while Bollinger Bands suggest increased volatility.
• Volume spiked around 0.00398, but failed to push price higher, indicating bearish conviction.

QuarkChain/Tether (QKCUSDT) opened at 0.004006 on 2025-12-15 12:00 ET, reached a high of 0.004102, and closed at 0.003958 on 2025-12-16 12:00 ET, with a low of 0.003899. Total 24-hour volume was 106,186,742.0, and turnover amounted to $416,639.

Structure and Candlestick Formations

The candlestick data reveals a bearish engulfing pattern at the start of the decline around 0.004015, followed by a key breakdown below 0.00398. A long lower wick appears during the night, indicating rejection near 0.003911. A doji forms around 0.003925, suggesting indecision and a potential short-term consolidation.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages both show a downward trend, confirming bearish momentum.

Daily data indicates the price remains below both 50-period and 200-period moving averages, reinforcing a longer-term bearish bias.

Momentum Indicators: MACD and RSI

The MACD histogram turned negative midday and remained bearish into the overnight session, with the line crossing below the signal line. RSI drifted into oversold territory around 0.003911 but failed to rebound meaningfully, suggesting weak buying pressure.

Bollinger Bands and Volatility

Volatility expanded sharply after midday as price broke below the lower band, reaching 0.003911. The expansion suggests increased market uncertainty. Price retested the lower band twice during the night without strong rebounds.

Volume and Turnover

Volume surged near 0.00398 as sellers took control, but failed to confirm a bullish move. Turnover remained consistently above average during the decline, especially between 00:15 ET and 03:30 ET, indicating aggressive short-term bear activity.

Fibonacci Retracements

On the 5-minute chart, price found support at the 38.2% retracement level of the 0.004015–0.003899 swing and again at 61.8% near 0.00393. On the daily chart, a retest of the 38.2% level near 0.00395 could be significant for near-term direction.

Price may test 0.003911 as a key short-term support level in the next 24 hours. A break below that could accelerate the move toward 0.003880, but buyers may defend 0.00393–0.00395. Investors should monitor for any strong volume surges or reversal patterns ahead of key support levels.