Summary
• Price drifted lower with a bearish engulfing pattern forming at 0.004444–0.004432.
• Volume increased during the downturn, confirming bearish momentum.
• RSI remained neutral, but MACD showed divergence with price.
• A consolidation phase began near 0.004413–0.004419, indicating potential support.
Market Overview
QuarkChain/Tether (QKCUSDT) opened at 0.004440 on 2026-01-17 at 12:00 ET, reached a high of 0.004489, a low of 0.004348, and closed at 0.004377 on 2026-01-18 at 12:00 ET. Total volume for the 24-hour window was 19,666,293.0, with a turnover of 84,869.52 USD.
Structure & Formations
A bearish engulfing pattern emerged during a key pullback near 0.004444–0.004432, which confirmed a shift in sentiment. Price later found a temporary floor near 0.004413–0.004419, where a consolidation phase formed. Key support levels appear to be forming around the 0.004413–0.004419 cluster, while resistance lies in the 0.004433–0.004438 range.
Moving Averages
Short-term 20/50-period moving averages on the 5-minute chart have trended downward throughout the day, reflecting bearish momentum. Longer-term daily 50/100/200-period averages show a more neutral stance, but price remains below all of them, indicating bearish alignment.
Momentum and Volatility
MACD showed a bearish crossover and negative divergence, suggesting a possible continuation in the downward move.
RSI remained in neutral to slightly oversold territory, suggesting a potential bounce could follow. Volatility expanded during the key downward move, with Bollinger Bands widening to reflect increased uncertainty.
Volume and Turnover
Volume increased notably during the price decline, reinforcing bearish confirmation. Turnover was highest during the 2026-01-18 00:30–01:30 ET period, which saw aggressive selling. A price-volume divergence appeared later in the session, suggesting potential caution ahead.
Fibonacci Retracements
Fibonacci levels from the 0.004489 high to the 0.004348 low show 0.004433 (38.2%) as a key retracement level and 0.004392 (61.8%) as a potential support/resistance pivot.
QuarkChain/Tether appears to be in a bearish phase, with short-term support and resistance forming near the 0.004413–0.004438 range. While a pullback or consolidation could provide a short-term rebound opportunity, traders should remain cautious of further downside given the bearish momentum and divergence in momentum indicators. The next 24 hours will likely test key support levels for sustainability.
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