QuarkChain/Tether (QKCUSDT) Market Overview

• QuarkChain/Tether (QKCUSDT) closed 0.006258 at 12:00 ET, down from 0.00639 at 12:00 ET-1.
• Price formed bearish engulfing patterns and tested a key support near 0.00626.
• Volatility expanded in early morning trading, with volume peaking at 1.05M USD at 19:30 ET.
• RSI entered oversold territory (30) at 10:45 ET, while MACD turned bearish in the final 3 hours.
• Bollinger Bands tightened in the early hours, followed by a breakout to the downside.

At 12:00 ET on October 4, 2025, QuarkChain/Tether (QKCUSDT) opened at 0.00639 and closed at 0.006258, reaching a high of 0.006514 and a low of 0.006245 over the 24-hour period. The total volume traded was approximately 50.74 million QKC, with a notional turnover of roughly $3,154,000 USD. Price action showed a bearish drift, with bearish engulfing patterns forming at key resistance levels.

Structure & Formations

Price action over the 15-minute timeframe revealed multiple bearish patterns, including a bearish engulfing at 0.006465 (19:00 ET) and a key breakdown at 0.00626 (10:45 ET). The 0.006358–0.00626 range appears to be a key support cluster, as confirmed by a rejection at 0.006261 and a consolidation period in the final 2 hours. A potential bearish doji formed at 0.006306 (15:00 ET), hinting at exhaustion on the downside. Resistance levels to monitor include 0.006343 (tested twice), 0.006384, and 0.006458.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both showed bearish crossover signals late in the session, confirming the downward trend. The 50-period MA sat around 0.00632 at 12:00 ET, slightly above the close. On the daily timeframe, the 50/100/200 MA crossover suggested a short-term bearish bias, though the longer-term 200 MA remained above 0.00639, indicating structural support.

MACD & RSI

The 15-minute MACD turned negative at 09:00 ET, with a bearish crossover and a declining histogram confirming momentum deterioration. RSI entered oversold territory (30) at 10:45 ET and remained there until the close, suggesting potential support near 0.00626. However, the failure to form a bullish reversal in RSI may indicate further downside to 0.006245, the 24-hour low.

Bollinger Bands

Volatility expanded in early morning trading, with the Bollinger Bands widening to 0.00028 (from a 0.00014 contraction at 05:00 ET). Price closed below the lower band at 0.00626, indicating a bearish breakout. The 20-period Bollinger Band range at 12:00 ET was 0.006329 (mid) to 0.006278 (lower), with price sitting near the lower boundary. This suggests continued pressure to the downside in the near term.

Volume & Turnover

Volume spiked to 1.05 million USD at 19:30 ET following a sharp bearish move from 0.006496 to 0.006458. Notional turnover increased from $23,000 at 04:00 ET to over $65,000 by 17:15 ET. A divergence between price and volume occurred after 08:30 ET, where volume declined while price continued to fall. This may indicate weakening conviction on the bearish side.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from 0.00626 to 0.006514 showed key levels at 0.00638 (61.8%) and 0.00631 (38.2%). Price found rejection at 0.00631, suggesting it as a possible pivot point. On the daily chart, the 61.8% retracement of the previous 2-day range sits near 0.00625, aligning with the current close and reinforcing the potential for a near-term bottom.

Backtest Hypothesis

A backtest hypothesis could explore a short-biased mean reversion strategy triggered by a 2-period RSI oversold signal (< 30) and a 15-minute close below the 20-period MA. Entry would be at the open of the next candle, with a target of the 38.2% Fibonacci retracement and a stop loss placed at the 52-week high. This strategy would align with the observed bearish momentum and oversold conditions seen in the 24-hour data, though caution is warranted due to the divergence in volume and potential for a rebound.