Market Overview for Quickswap/Tether (QUICKUSDT) on 2025-09-15

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• Price formed a bearish engulfing pattern near $0.02533 and declined to a 24-hour low of $0.02405.
• RSI and MACD signaled overbought and bearish momentum shifts after 09:00 ET.
• Volatility expanded sharply during the drop, with Bollinger Bands widening significantly.
• A key support level appears at $0.02475 with potential for further consolidation.
• Turnover surged with a large 15-minute block at $0.02464, suggesting liquidity or order imbalance.

Quickswap/Tether (QUICKUSDT) opened at $0.02515 (12:00 ET − 1), peaked at $0.02533, and closed at $0.02425 (12:00 ET) on 2025-09-15. Total volume amounted to 19,429,932.0, with a 24-hour turnover of $498,339. The asset formed a strong bearish reversal pattern toward the end of the trading session.

Structure & Formations

A bearish engulfing candle emerged at $0.02533, followed by a sharp breakdown below key support at $0.02475. The price action suggests a potential continuation toward the next support level at $0.02458. A bullish doji appeared at $0.02515, indicating short-term indecision but failed to reverse the trend.

Moving Averages

On the 15-minute chart, price closed below the 20-period (0.02517) and 50-period (0.02513) moving averages, confirming bearish momentum. On the daily chart, the 50-period (0.02502) and 200-period (0.02506) lines remain key reference points for trend direction. Price is currently below both, reinforcing a bearish bias.

MACD & RSI

The MACD turned negative and crossed below the signal line around 09:00 ET, reinforcing bearish momentum. RSI dipped sharply to 27, signaling oversold conditions at the 24-hour low. This may present a potential short-term bounce setup, but without a clear reversal pattern, the bearish trend may continue.

Bollinger Bands

Volatility expanded significantly as price fell from $0.02533 to $0.02405. At the 24-hour low, price traded near the lower Bollinger Band, indicating extreme bearish pressure. A potential bounce from this level could signal a temporary recovery.

Volume & Turnover

The most active 15-minute candle occurred at $0.02464 with $3.6 million in turnover. Price and turnover aligned during the breakdown, confirming the move. Divergences were not observed during the decline, supporting the bearish case.

Fibonacci Retracements

The 61.8% Fibonacci level of the $0.02405 to $0.02533 swing sits at $0.02469, where a short-term rebound may be expected. On the daily chart, a 38.2% retracement of the recent swing at $0.02533 to $0.02405 aligns at $0.02481, a potential support/resistance pivot.

Backtest Hypothesis

A potential strategy could involve entering short positions upon confirmation of a bearish engulfing pattern near the 61.8% Fibonacci level ($0.02469), with a stop above the 20-period MA and a target at $0.02458. This aligns with both RSI oversold conditions and volume confirmation during the breakdown. A long trade may also be considered at the 38.2% retracement level if a bullish reversal candle forms.