QKCUSDT Market Overview: QuarkChain/Tether

• QuarkChain/Tether (QKCUSDT) traded in a narrow range, with a 24-hour high of $0.006559 and a low of $0.006321.
• Price experienced a bullish break above key resistance at $0.006480 after midday ET but failed to hold the level overnight.
• On-balance volume surged during late ET hours, suggesting increased participation but failed to confirm the breakout.
• RSI showed mild overbought levels during the bullish wave, followed by a pullback into neutral territory.
• Bollinger Bands contracted in the early morning before expanding, indicating a period of consolidation and potential volatility ahead.

At 12:00 ET–1 on October 3, 2025, QKCUSDT opened at $0.006405 and closed at $0.006379 by 12:00 ET, reaching a high of $0.006559 and a low of $0.006321. The 24-hour volume totaled 21,892,667.0 units, with a notional turnover of $138,256. The pair saw a late afternoon ET rally above $0.006480, but bearish pressure emerged overnight, pulling the price back under this level by early morning. This suggests a potential tug-of-war between buyers and sellers.

Structure & Formations

Key support levels appear to be forming at $0.006360 and $0.006345, with a strong bearish rejection candle at $0.006416 confirming this area as a short-term floor. On the resistance side, $0.006480 and $0.006515 are showing mixed signals—initial bullish breakouts were followed by bearish closes, indicating indecision. A notable bullish engulfing pattern occurred around 19:30 ET, followed by a doji at 00:30 ET, suggesting a possible reversal point or a pause in momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed over during the late afternoon ET rally, providing a temporary bullish signal. However, the 50-period SMA has since dipped back below the 20-period, suggesting short-term bearish bias. On the daily chart, the 50-period SMA sits at $0.006420 and remains above the 100 and 200-period SMAs, indicating a slightly bullish trend over the medium term.

MACD & RSI

MACD showed a bullish crossover during the afternoon ET rally, but the histogram has since flattened and turned bearish, aligning with the price pullback. RSI peaked at 62 during the rally, entering overbought territory before declining into neutral. This suggests that while there was a short-term buying interest, it was not strong enough to sustain momentum. A bearish divergence between price and RSI is forming, warranting caution.

Bollinger Bands

Bollinger Bands tightened in the early morning hours as price consolidated between $0.006400 and $0.006430, signaling a period of low volatility. The expansion that followed after 20:45 ET indicates increasing uncertainty in the market. Price has spent most of the day inside the bands, with the upper band acting as a dynamic resistance and the lower band as a potential support. The current price of $0.006379 sits just above the 20-period Bollinger Band lower band, suggesting a possible bounce.

Volume & Turnover

Trading volume spiked in the early evening ET (around 19:30–20:45 ET), with a large 15-minute candle showing 2.68 million volume and a high of $0.006559. This volume surge coincided with the bullish breakout but failed to hold the level overnight, indicating weak follow-through. Turnover also increased during this period but decreased sharply overnight. Price and turnover appear to be diverging, suggesting the market may not be fully committed to either a bullish or bearish direction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.006343 to $0.006559, the 61.8% level currently sits at $0.006443. Price tested this level during the late evening and early morning hours but failed to break through, suggesting it may act as a short-term ceiling. On the daily chart, the 38.2% retracement of the broader move from $0.006332 to $0.006559 is at $0.006446, which is near the current price and could serve as a pivot point for the next 24 hours.

Backtest Hypothesis

Applying a simple backtesting strategy that looks for bullish engulfing patterns followed by a bearish doji—both within a 4-hour window—reveals mixed results. The bullish engulfing candle on October 2nd at 19:30 ET suggested a potential continuation of the rally, but the subsequent doji at 00:30 ET acted as a reversal signal. This could be used as a sell entry or stop-loss trigger, depending on the strategy rules. The pattern’s success in this case was limited, with the price retreating below the initial breakout level. A more robust strategy would integrate RSI divergence and Bollinger Band expansion as confirmation filters to reduce false signals.