Quant/Bitcoin (QNTBTC) Market Overview: 24-Hour Breakdown and Momentum Shift

• QNTBTC fell from 0.000836 to 0.0008118 over 24 hours.
• A key support level formed near 0.000808–0.0008118.
• Volatility surged mid-session but faded toward the close.
• MACD turned negative; RSI near 30 suggests oversold territory.
• Strong volume confirmed a breakdown from the 0.0008232–0.0008262 range.

The QNTBTC pair opened at 0.0008156 (12:00 ET–1), reached a high of 0.000836, and fell to a low of 0.000808 before closing at 0.0008118 as of 12:00 ET on 2025-11-09. Total trading volume for the 24-hour window was 86.475 QNT, while notional turnover remained moderate at 70.46 BTC.

The structure of the 15-minute OHLCV data shows a clear breakdown from the consolidation range between 0.0008232 and 0.0008262, which acted as a key resistance cluster. The price moved below the 20- and 50-period moving averages on the 15-minute chart, suggesting short-term bearish momentum. On the daily timeframe, the 50- and 100-period moving averages remain above the current price, indicating a broader bearish trend but with potential for a near-term bounce.

MACD and RSI Momentum

The MACD line turned negative during the breakdown phase, with a bearish crossover occurring in the late afternoon. The RSI approached 30 by early morning, suggesting QNTBTC is in oversold territory. However, divergence between the RSI and price suggests traders should remain cautious about a strong reversal signal. Momentum remains weak, with bearish pressure dominating.

Bollinger Bands and Volatility

Volatility spiked in the early part of the session, with the price widening the Bollinger Bands. As the price moved lower, volatility contracted again, and QNTBTC has now settled near the lower band. This position could indicate a potential support test and a possible short-term rebound.

Volume and Turnover

Volume confirmed the breakdown from the 0.0008232–0.0008262 range, particularly in the 18:00–21:00 ET window. Notional turnover remained proportional to volume, with no clear divergence. However, volume began to taper off after the price tested the lower Bollinger Band, signaling a potential pause in bearish momentum.

Fibonacci Retracement Levels

Fibonacci levels drawn from the recent 0.000808–0.000836 swing indicate key retracement levels at 61.8% (0.0008176) and 38.2% (0.0008221). The current price is near the 38.2% level, which could offer a temporary floor for the next 24 hours if bears continue to dominate.

Backtest Hypothesis

To explore the potential of a MACD-based strategy for QNTBTC, it's important to first establish the correct ticker format, ideally including the exchange (e.g., “BINANCE:QNTBTC” or “COINBASE:QNTBTC”), to ensure accurate historical data retrieval. Additionally, confirming the session close time or any specific time-zone preferences will ensure the daily MACD and Death Cross events are calculated correctly. Once these parameters are defined, the backtest can proceed to evaluate how a strategy based on MACD Death Crosses would have performed from January 1, 2022, to November 9, 2025. This could provide valuable insight into QNTBTC's historical response to bearish momentum signals.