QuarkChain Tops the Altcoin List with a Massive Overnight Surge Leading to the $0.010 Psychological Mark Breakout. Will $QKC Sustain an Uptrend This Week for an Extended Uptrend?

As Bitcoin approaches the $70K mark, the altcoins market is red hot, with 24H massive returns. Amidst the bull run, Chinese tokens like Quarkchain have given a massive jump, leading the top-performing list in 24 hours.

QuarkChain (QKC) price surged over 69% in 2 hours on Monday morning, leading the altcoin gainers’ list with a massive 24H rally. The token price breached the $0.010 psychological level. However, the uptrend faced exhaustion later in the day. Will the QKC token continue the bull run for a new 52W high?

QuarkChain Price Trendline Breakout Eyes $0.017

Marking a trend reversal opportunity, QuarkChain price clocked a 69% surge in 2 hours with a massive demand shift. The bull run in QKC token ends the correction phase and marks a 72% price surge in the last three weeks.

The bull run in the QKC token breached the 200D EMA and challenged the overhead resistance at 50% Fibonacci level. Additionally, it completed a rounding bottom reversal with a neckline at $0.012.

At the time of writing, the QKC token price is noted at the $0.010 mark as buyers struggled to maintain dominance at the psychological level.

The technical indicators showcase RSI line spiking into the overbought territory in the daily chart, indicating a massive demand shift. Additionally, a bullish crossover in the 20D and 50D EMA supports the trend reversal.

Hourly Fibonacci Highlights Extended Uptrend Possibility

In the 1H chart, the QKC token price action showcases the bullish exhaustion leading to a quick pullback. The 7.51% correction found support at the $0.010 mark, and 20 EMA highlighted the underlying demand.

Multiple Doji candles are observed leading into a new bullish engulfing candle as buyers are regaining momentum. Moreover, the hourly RSI’s minor divergence is boosting the bull run significantly.

According to the trend-based Fibonacci levels, the uptrend continuation in QuarkChain could hit $0.017.