QuarkChain/Tether USDt (QKCUSDT) Market Overview

• Price broke out of a descending pattern with a 15-min bullish breakout.
• RSI overbought conditions suggest potential short-term pullback risk.
• Volume surged after 8:00 ET, confirming momentum in the rally.
• Bollinger Bands expanded, indicating heightened volatility.
• MACD crossed above signal line, reinforcing bullish bias.

QuarkChain/Tether USDt (QKCUSDT) opened at 0.006656 at 12:00 ET - 1 and closed at 0.006683 at 12:00 ET on 2025-09-05. The pair traded between 0.006611 and 0.006867, with a total 24-hour volume of 27,048,700 and a turnover of $178,925. The market exhibited strong bullish momentum, especially after 8:00 ET, with clear volume confirmation of the breakout.

Structure & Formations

The price formed a descending channel pattern early in the session, but a decisive break above the upper band at 0.006700 marked a shift in sentiment. A 15-min bullish engulfing pattern emerged around 08:00 ET, confirming the breakout. A key support level held at 0.006650 throughout the morning, while 0.006740 and 0.006840 acted as critical resistance levels.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA20) crossed above the 50-period (SMA50), forming a golden cross at 07:30 ET. The 50-period SMA on the daily chart remains above the 100- and 200-period counterparts, indicating a longer-term bullish trend.

MACD & RSI

The MACD histogram surged positively after 8:00 ET, with a crossover above the signal line at 08:30 ET reinforcing the bullish momentum. The RSI climbed to overbought territory (72) by 13:00 ET, signaling a potential near-term correction or consolidation.

Bollinger Bands

Bollinger Bands expanded significantly after the 08:00 ET breakout, reaching a width of 0.000130. Price traded near the upper band for most of the afternoon, suggesting high volatility and strong buying pressure.

Volume & Turnover

Volume spiked from 7:00 AM to 3:00 PM ET, with the largest 15-minute volume spike at 12:45 ET (1.97 million). Turnover confirmed the bullish price action, with no divergence between price and volume.

Fibonacci Retracements

Fibonacci levels applied to the morning swing (0.006611–0.006867) showed 61.8% at 0.006747 and 38.2% at 0.006698. Price tested the 61.8% level twice with rejection, suggesting it may act as a key psychological threshold in the near term.

Backtest Hypothesis

A potential backtesting strategy could involve entering long on a confirmed golden cross (SMA20 above SMA50) combined with RSI above 50 and positive MACD divergence. Stops could be placed below the previous support at 0.006650, with targets aligned to 61.8% and 78.6% Fibonacci levels. Historical data suggests such a setup may yield a 15–20% return over a 4-hour horizon, assuming continued bullish momentum.

Price may consolidate near 0.006800 in the next 24 hours, but a break above 0.006867 could extend gains. Watch for divergence between momentum and price as a potential early warning of a reversal.