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Summary
• QKCUSDT formed a bullish 5-minute pattern with volume confirming strength in late afternoon ET.
• Momentum waned after 10:45 ET as RSI approached overbought territory before a pullback.
• Volatility expanded mid-day, with price reaching 0.004373 before consolidating below the 20-period MA.
• Bollinger Bands showed a contraction early in the session, followed by a breakout.
• Fibonacci retracement levels at 0.00434 and 0.00431 acted as key support/resistance during consolidation.
QuarkChain/Tether (QKCUSDT) opened at 0.004296 on December 6 at 12:00 ET, reached a high of 0.004374, touched a low of 0.004153, and closed at 0.00425 at 12:00 ET on December 7. The 24-hour volume was 35.85 million QKC, and the notional turnover was approximately $152,190.
Structure & Formations
The price action revealed a strong bearish impulse from late morning to early afternoon, characterized by a high-volume sell-off and a breakdown below key support levels. A brief bullish reversal attempted in the late afternoon failed to sustain, as buying pressure waned. The 0.00431–0.00433 zone emerged as a significant psychological battleground, with repeated attempts to reclaim higher ground ending in consolidation. A potential bearish engulfing pattern formed near 0.004373, suggesting exhaustion in the upside before a reversal.
Moving Averages
On the 5-minute chart, the 20-period MA hovered just above 0.004335, while the 50-period MA sat lower, indicating a bearish bias in the short term. On the daily timeframe, the 50-period MA at 0.004345 and 200-period MA at 0.004370 show the pair is trading slightly below both, reinforcing a cautious outlook.
MACD & RSI
The MACD turned negative after 6:00 PM ET, confirming bearish momentum despite a temporary overbought RSI reading. RSI reached a peak of 68 early in the session but declined sharply afterward, entering oversold territory by the end of the period. This suggests a potential for a short-term bounce but limited conviction in a sustained rally.
Bollinger Bands
Volatility expanded significantly during the price’s peak at 0.004373, with the bands widening to 0.000026. As the price declined, it retracted into the lower band by the session’s close, suggesting bearish control. A contraction in the morning was followed by a breakout, indicating a potential shift in sentiment.
Volume & Turnover
Volume spiked during the afternoon sell-off, particularly around 6:30 PM ET, with a notional turnover of $18.5k in that 5-minute window. However, the following 15 minutes saw a sharp drop in volume despite continued price declines, indicating a divergence that may signal a possible near-term bottom or temporary pause in the downward trend.
**

Fibonacci Retracements
The 61.8% retracement level of the 0.004296–0.004373 swing at 0.004337 acted as resistance during the afternoon, while the 38.2% level at 0.004318 served as support for a brief rebound. On the daily chart, the 50% retracement level from the prior week’s high is at 0.004345, which could act as a near-term pivot.
Over the next 24 hours, QKCUSDT may test 0.00425 as a short-term support level, with a potential bounce to 0.00431 if buyers re-enter. However, given the recent divergence in volume and the bearish structure, there is a risk of further consolidation or a pullback to 0.00418 if sellers regain control. Investors should monitor the 0.00431–0.00433 zone for potential reversals.
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