Market Overview for QuarkChain/Tether (QKCUSDT)

• Price tested key support at 0.005493 before rebounding, forming a bullish reversal pattern.
• RSI and MACD suggest waning bearish momentum, with potential for a short-term bounce.
• Volatility expanded in the second half of the 24-hour period, with volume surging on the rebound.
• Bollinger Bands tightened earlier in the session, setting the stage for a breakout.
• 20-period MA on the 15-min chart crossed below 50-period MA, indicating short-term bearish bias.

QuarkChain/Tether (QKCUSDT) opened at 0.005358 at 12:00 ET−1 and closed at 0.005545 at 12:00 ET, with a high of 0.005647 and a low of 0.005348 over the 24-hour period. Total volume reached 13.99 million, while turnover amounted to approximately $76,679. The price action reflects a bearish start, followed by a sharp rebound, suggesting potential short-term buyers entering after key support levels were tested.

The 24-hour OHLCV data reveals that the price tested support at 0.005493 multiple times, with the lowest point hitting 0.005348, forming a potential bullish reversal pattern. The 20-period moving average on the 15-minute chart fell below the 50-period MA, signaling short-term bearish bias. However, the price bounced off the 0.005493 level with increasing volume, suggesting some buying pressure is emerging.

The RSI, which had dipped into oversold territory around 0.005461–0.005493, showed a modest recovery, reaching mid-levels by the close. MACD also showed a bearish crossover earlier in the session but began to show a narrowing gap, pointing to potential momentum exhaustion. Bollinger Bands displayed a contraction early in the day, with price breaking out to the upside in the evening, indicating rising volatility.

Volume spiked significantly during the late afternoon and early evening hours, particularly after 19:00 ET, when the price rebounded from 0.00553 to 0.005555. This increase in volume with higher prices suggests some short-covering or new long entries. The 61.8% Fibonacci retracement from the 0.005348 low to the 0.005647 high is at 0.005522, where the price found consolidation. Over the next 24 hours, a test of 0.00560 could provide a directional signal, but a retest of 0.005493 remains a key risk. Investors should watch for volume divergence and MACD momentum to confirm a breakout.

The MACD and RSI indicators suggest that bearish momentum is waning, while the Bollinger Bands and Fibonacci levels provide context for possible price targets. These tools are also foundational for the backtesting strategy, as they help define entry and exit conditions based on price behavior and momentum shifts.

Backtest Hypothesis:
To evaluate the effectiveness of using support levels as trading signals, we can define the event as the first trading day where the close price falls ≤ 0.005493 and rebounds with a close > 0.005493 the next day. The evaluation horizon could be set to 5 days for an initial assessment of trend continuation or reversal. If confirmed, this strategy could be used in future trades with a stop-loss near 0.005461 and a target at 0.005575–0.00560. Data from 2022-01-01 to 2025-10-13 will be used for backtesting unless otherwise specified.