QuarkChain/Tether (QKCUSDT) Market Overview

Summary
• QKCUSDT climbed from 0.004637 to 0.004972, hitting 0.004987.
• Volume surged to 12.5 million, confirming strong buying pressure.
• A bullish breakout above key resistance suggests further momentum.

QuarkChain/Tether (QKCUSDT) opened at 0.004637 on 2025-11-06 at 12:00 ET and closed at 0.004972 on 2025-11-07 at 12:00 ET, reaching a high of 0.004987 and a low of 0.004624. Total volume for the 24-hour period was 12.5 million, with a notional turnover of $62.1 million, indicating heightened interest and participation.

Structure & Formations

Price action formed a strong bullish continuation pattern, with a key resistance at 0.004865 giving way after 23:15 ET. A series of higher highs and higher lows followed, confirming a reversal of short-term bearish momentum. A key support level was identified at 0.004705–0.004720, where the price consolidated before breaking out. A long-legged bullish candle at 08:15 ET (0.004827–0.00487) signaled renewed buying pressure.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line, confirming a short-term bullish bias. The daily chart shows the 50-period MA at 0.00476, with the 200-period MA at 0.004685, suggesting a positive divergence as price has outpaced both long-term averages.

MACD & RSI

The MACD line (12,26,9) crossed above the signal line just before 22:00 ET and remained positive, signaling strong bullish momentum. The RSI reached 62–64 on the daily chart, suggesting moderate overbought conditions without extreme readings. No bearish divergence was observed in RSI, supporting the continuation of the upward trend.

Bollinger Bands

Price moved above the upper band for a period starting at 06:15 ET, indicating a breakout from a narrow consolidation phase. Volatility expanded as the bands widened, and the closing price at 0.004972 remained above the 20-period mean by ~1.5%, suggesting continued strength and potential for further gains.

Volume & Turnover

Volume increased sharply in the final three hours of the session, especially during the 17:00–18:00 ET period, with one candle at 17:00 ET showing a massive 3.08 million volume. Notional turnover spiked to over $3.8 million in that timeframe, confirming the price breakout. Price and volume aligned in a classic confirmation pattern.

Fibonacci Retracements

Applying Fibonacci to the 24-hour move from 0.004624 to 0.004987, key levels of 38.2% (0.004801), 61.8% (0.004793), and 78.6% (0.004744) were sequentially tested and broken. The current price of 0.004972 is close to the 100% extension, indicating a potential consolidation or short-term pullback.

Backtest Hypothesis

A backtest using the daily MACD series for QKCUSDT could validate the current bullish momentum. The MACD crossover observed before 22:00 ET and the sustained positive line suggest a strong trend continuation. However, the data service returned an internal error, potentially due to symbol formatting or server issues. To proceed, confirming the exact symbol format (e.g., “QKC-USDT” or “QKC/USDT”) or retrying the request in a narrower timeframe could resolve the issue. Once confirmed, a full backtest could identify optimal entry and exit points for future strategies.

Looking ahead, QKCUSDT appears to have strong momentum, with a potential target near the 0.005000 level. However, investors should remain cautious of short-term volatility and potential pullbacks, especially if the RSI crosses into overbought territory or a key resistance level is rejected.