Market Overview for QuarkChain/Tether (QKCUSDT)

Summary
• QKCUSDT traded between $0.00461 and $0.004803, closing at $0.004706, with increased volatility and volume.
• Key resistance at $0.00475 and support near $0.00463 identified from 15-minute OHLC data.
• Volume surged during midday ET, coinciding with a bullish breakout attempt near $0.004803.

QuarkChain/Tether (QKCUSDT) opened at $0.004621 on 2025-11-05 at 12:00 ET, and closed at $0.004706 at 12:00 ET on 2025-11-06. The 24-hour high was $0.004803, and the low was $0.00461. Total volume amounted to ~32.96 million QKC, and notional turnover was approximately $152.57 million, showing heightened activity.

The 20-period and 50-period moving averages on the 15-minute chart crossed during a rally in early ET hours, signaling a potential short-term bullish tilt. The price briefly exceeded these lines but failed to maintain the upward momentum beyond $0.00475, indicating resistance. On the daily chart, the 50/100/200-period moving averages suggest a more neutral to bullish bias, with the 50-day line above the 100-day line.

The MACD histogram showed a positive divergence from 18:00 to 20:00 ET, aligning with the price’s rally toward the $0.004803 peak. However, the RSI could not be calculated due to data limitations, and therefore the overbought/oversold analysis is incomplete. Bollinger Bands displayed a modest expansion in the late ET hours, with the price closing near the upper band, which may indicate a potential overbought condition or a continuation of the trend.

Volume spiked significantly in the 15-minute candle ending at 01:30 ET, with a close of $0.004803 and an open of $0.004705. This 1.98% move was accompanied by a 2.21 million QKC volume, the highest during the 24-hour period. Notional turnover also increased, aligning with the price action. A notable bearish divergence in volume occurred in the following candle, suggesting weakening bullish momentum after the high.

Fibonacci retracements drawn from the $0.00461 low to the $0.004803 high show key levels at $0.004705 (38.2%) and $0.004738 (61.8%). The 61.8% retracement level closely aligns with the current close, suggesting a potential consolidation zone. In the next 24 hours, traders should watch for a breakout above $0.00475 or a retest of the $0.00463 support level.

The backtesting strategy involves using the RSI(14) to identify potential overbought (>70) and oversold (<30) conditions. Given the inability to access RSI data for QKCUSDT, this section provides a conceptual framework. A 14-day RSI-based strategy would typically involve entering long positions when RSI drops below 30 (oversold) and exiting when it rises above 30, or vice versa for short positions when RSI exceeds 70. The data limitations encountered suggest a need to either confirm the correct ticker format or provide the RSI time-series manually to proceed. Traders may consider backtesting this strategy with the provided OHLCV data using alternative RSI inputs or on a different exchange where the ticker is recognized.