In this QuarkChain technical analysis, we will examine the current price action, trading volume, key levels and indicators for QKC-USDT. Sure, here are three sentences about QuarkChain (QKC) cryptocurrency: QuarkChain (QKC) is a decentralized blockchain platform that utilizes a novel consensus algorithm called “sharding” to increase transaction throughput and reduce energy consumption. With its unique architecture, QKC enables the creation of a vast array of decentralized applications (dApps) and use cases, from gaming to finance and beyond. By leveraging sharding technology, QuarkChain aims to provide a more scalable, secure, and sustainable blockchain ecosystem for developers and users alike.
QuarkChain Price Overview:
As of October 03, 2023, QuarkChain is trading at approximately 0.00793 USDT. Let’s dive into the detailed price action for QKC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.00809 |
| High (H) | 0.00812 |
| Low (L) | 0.00785 |
| Close (C) | 0.00793 |
| Volume (C) | 15,247,090.00 |
- Open (O): The opening price for today’s trading session was approximately 0.00809 USDT.
- High (H): QuarkChain reached a daily high of around 0.00812 USDT.
- Low (L): The daily low for QKC-USDT was approximately 0.00785 USDT.
- Close (C): At the time of analysis, QuarkChain is trading near its daily close of 0.00793 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.22% |
| 3D Change (%) | -3.54% |
| 7D Change (%) | -1.49% |
| 30D Change (%) | 6.99% |
| 90D Change (%) | -6.12% |
| YTD Change (%) | -31.87% |
Over the past three days, QKCUSDT has dropped by approximately -3.54%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.49%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with QKCUSDT maintaining an upward trend of approximately 6.99%, despite intermittent fluctuations. Examining the last 90 days, QKCUSDT has witnessed substantial drop of approximately -6.12%, reflecting strong long-term confidence. Year-to-date, QKCUSDT has steadily dropped by around -31.87%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
QuarkChain Live Chart:
You can access a live price chart for QKC-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.4418.
- Momentum score is 0.06989.
QKC USDT Technical Analysis
QuarkChain Trading Volume:
The trading volume for QuarkChain (QKC) over the past 24 hours has been insignificant, with approximately 15,247,090.00 USDT traded against QKC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): QKC is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): QuarkChain is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for QKC-USDT is currently in the neutral zone, around 48.93253. This suggests that QuarkChain is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
QuarkChain (QKC-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
