QuarkChain/Tether Market Overview (QKCUSDT) – 24-Hour Summary as of 2025-09-14

• QKCUSDT traded in a 24-hour range of $0.006795 to $0.007058, with a closing price near 61.8% Fibonacci retracement.
• RSI remained below 30 most of the session, indicating sustained bearish momentum and potential oversold conditions.
• Volume surged during late-night price tests near key support, but failed to confirm a reversal.
• Bollinger Band contraction occurred in mid-morning, hinting at an impending breakout.
• MACD histogram showed diverging bearish momentum as prices found a short-term floor in the final 4 hours.

The pair QuarkChain/Tether (QKCUSDT) opened at $0.006972 on 2025-09-13 12:00 ET, reached a high of $0.007058, fell to a low of $0.006795, and closed at $0.006808 as of 2025-09-14 12:00 ET. Total volume for the 24-hour period was approximately 14,815,702.0, and notional turnover amounted to around $101,498.47.

Structure & Formations

The candlestick structure reveals a bearish bias, with a key support level forming in the $0.006820–$0.006840 range. A bearish engulfing pattern was observed during the early morning hours (ET) as prices broke below a previous bullish candlestick. A notable bearish doji formed at $0.006930 in the afternoon, signaling indecision among market participants. The price then tested and briefly held a 61.8% Fibonacci level before breaking down further.

Key Support and Resistance Levels

• Resistance 1: $0.006930 (61.8% Fib, doji zone)
• Resistance 2: $0.006960 (prior consolidation zone)
• Support 1: $0.006820 (major floor in final hours)
• Support 2: $0.006795 (session low)

The price appears to be consolidating near a potential short-term support cluster. A break below $0.006800 could lead to deeper bearish territory, with the next target at $0.006775.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 15-minute chart have shown a bearish crossover, reinforcing the downward trend. On the daily chart, the 50-period MA (at $0.006920) remains above the 100 and 200-period MAs (at $0.006900 and $0.006895 respectively), indicating a broader bearish bias. A continuation below these MAs may signal a more significant decline.

The MACD line moved below the signal line in the morning, confirming bearish momentum. The histogram has been shrinking in the last few hours, suggesting a potential exhaustion of the downward move. RSI remained well below 30 for the majority of the session, hinting at an oversold condition and potential for a short-term bounce.

Overbought/Oversold Conditions

Despite the bearish bias, a temporary oversold condition developed late in the session as RSI approached 28. However, no strong reversal candles formed, suggesting bears are still in control. Investors may watch for a RSI rebound above 30 as a sign of near-term stabilization.

Bollinger Bands and Volatility

Bollinger Bands contracted significantly during the mid-morning hours, signaling a potential breakout. The price later tested the lower band at $0.006820 before stabilizing. The narrowing of the bands suggests a period of consolidation is ending and a directional move may follow. The price has been spending more time near the lower band in recent hours, consistent with bearish momentum.

Volatility Expansion

A modest expansion in band width occurred in the final hours of the session, coinciding with increased volume and a failed attempt to rally. This suggests that a more decisive move is pending.

Volume and Turnover

Volume surged during late-night hours as the price tested the $0.006820 support, but no reversal confirmed. Turnover spiked at this time as well, but was followed by a bearish break below the level. The price-volume relationship suggests that while bears were active, bulls failed to respond with conviction. A divergence in volume and price could signal a potential reversal, but such divergence is not yet strong enough to confirm a trend change.

Fibonacci Retracements

On the 15-minute chart, the recent swing high of $0.007058 and swing low of $0.006834 were key for retracement levels. The 61.8% level at $0.006920 was tested and failed to hold, reinforcing bearish momentum. On the daily chart, the broader move from $0.007058 to $0.006795 suggests that the 38.2% retracement at $0.006950 may act as a psychological level for short-term bounces. The 50% level at $0.006925 was also tested and rejected.

Key Retracement Levels

• 23.6%: $0.006970
• 38.2%: $0.006950
• 50%: $0.006925
• 61.8%: $0.006895
• 78.6%: $0.006855

Price is currently consolidating near the 61.8% level. A break below this could signal a deeper bearish move toward the 78.6% retracement.

Backtest Hypothesis

A potential backtesting strategy could involve using the bearish engulfing and doji patterns identified in this session as trade triggers. A short entry might be considered on a break below $0.006820, with a stop above the 61.8% Fibonacci level at $0.006895. A target could be set at $0.006775, with a maximum risk-to-reward ratio of 1:1.5. This aligns with the observed bearish momentum and could be tested for efficacy in similar price environments.