Market Overview: Quickswap (QUICKUSDT) 24-Hour Technical Update

• Price retreated from a 15-minute high of $0.02573 to close near $0.02463, forming bearish momentum.
• Key support at $0.02456–0.02464 held; no decisive breakdown but heavy consolidation evident.
• Volume spiked during the early hours but waned, suggesting fading short-term conviction.
• RSI and MACD signal oversold conditions, hinting at potential for a rebound in short-term.
• Bollinger Bands show moderate volatility, with price near the midline, indicating indecision.

Quickswap (QUICKUSDT) opened at $0.02484 on 2025-08-22 12:00 ET, reached a high of $0.02573, and closed at $0.02463 by 12:00 ET-23. Total volume across 24 hours was 22.8M, with $0.568M in notional turnover. Price action reflected bearish control after a failed rally in the early session.

Structure & Formations

Price formed a bearish engulfing pattern after the 15-minute high at $0.02573, followed by a series of lower highs and lower closes, indicating bearish control. A key support zone between $0.02456 and $0.02464 emerged during late trading and held through the close. A doji at $0.02465–0.02466 near the 2025-08-23 02:15–02:30 window suggests short-term indecision, but bears maintained dominance.

Moving Averages

On the 15-minute chart, price has spent most of the day below the 20- and 50-period moving averages, reinforcing short-term bearish bias. The 50-period line is currently at ~$0.02485 and acts as a psychological resistance. On daily charts, the 50, 100, and 200-period lines are converging in the $0.0247–0.0250 range, which may reinforce short-term consolidation or a minor bounce in the near term.

MACD & RSI

The MACD histogram has turned negative since the early morning, with the line and signal line both in bearish territory. RSI has dropped into oversold territory, hitting a low of ~30. This divergence suggests a potential for a near-term rebound, but momentum remains weak. However, overbought conditions are not currently in play, so the path of least resistance remains to the downside unless volume picks up with a strong reversal.

Bollinger Bands

Volatility has increased slightly over the past 24 hours, particularly in the early morning, but has since stabilized. Price remains near the midline of the bands, indicating a lack of directional bias. A breakout above the upper band would require confirmation in the next few hours, while a breakdown below the lower band would confirm a new short-term bearish trend.

Volume & Turnover

Volume spiked during the early hours with the failed rally above $0.0253, peaking at ~1.9M during the 05:45–06:00 ET timeframe, but waned significantly after the 07:00–07:15 ET window. Total notional turnover was ~$0.568M, indicating moderate liquidity. Price and turnover appear to be aligned—strong volume with higher prices and weaker volume during price declines—suggesting a bearish distribution pattern.

Fibonacci Retracements

On the 15-minute chart, key retracements from the recent $0.02573 high to $0.02455 low include 38.2% at $0.02515 and 61.8% at $0.02479. Price tested both levels before settling near the 0.02464–0.02465 area. On the daily chart, a 61.8% retracement of the prior downtrend is at $0.02495 and could act as a minor resistance level for a potential bounce in the next 24–48 hours.

Forward-looking, price could test the $0.02464–0.02465 support zone once more before potentially rebounding toward $0.02475–0.02480. However, risks remain to the downside if volume picks up with a breakdown below $0.02456, which would confirm a stronger bearish trend. Investors should watch for divergence between volume and price action for signals of a potential reversal.