The $QKC pair is entering a critical phase as it approaches a key resistance cluster between $0.0098 and $0.0102, a region historically marked by order-block accumulation and Fibonacci retracement levels. On the 1-hour chart, a powerful bullish candle has decisively cleared the $0.0080 psychological barrier, a former resistance that now acts as a dynamic support. This breakout is reinforced by a surge in volume, suggesting a potential shift in market sentiment from bearish exhaustion to institutional or retail-driven buying. The consolidation phase preceding the move indicates a temporary equilibrium between buyers and sellers, with the current rally reflecting a "wave of demand" scenario. Traders should closely watch for volume expansion during the push above $0.00860, as this would signal strong conviction and could trigger rapid upward movement. The $0.00845–$0.00855 entry zone, aligned with the 38.2% Fibonacci retracement and the 50-hour EMA, offers a strategic pivot for initiating long positions, leveraging the interplay of price action and momentum indicators like the RSI and MACD.
.This setup combines classic technical patterns ( bullish engulfing, strong close above key levels) with momentum-driven dynamics, positioning QKC for a potential short-term parabolic move—if the market continues to favor the "buy the dip" narrative. Strict risk discipline remains paramount, as volatility and liquidity shifts could disrupt the trajectory.
