Market Overview for Quickswap/Tether (QUICKUSDT) on 2025-10-09

• Price action for QUICKUSDT declined sharply from $0.0246 to $0.02335 within 24 hours, driven by bearish momentum.
• RSI hit oversold territory near 30, suggesting potential short-term reversal, though volume remains muted.
• Bollinger Bands indicate volatility expansion, with price testing the lower band for most of the period.
• A large-volume bearish breakout occurred around $0.02456, confirming a key support breakdown.
• A bullish rebound attempt began after hitting a low of $0.02331, but lacks strong volume confirmation for a reversal.

24-Hour Summary

Quickswap/Tether (QUICKUSDT) opened at $0.02393 on 2025-10-09 at 12:00 ET - 1 and traded as high as $0.02462 before closing at $0.02365 at 12:00 ET. The 24-hour period saw a total volume of 9,160,228.0 Tether and an estimated turnover of $218,780.8 (assuming $1 = 1 Tether). The pair experienced a sharp decline, testing key support levels, with bearish momentum persisting through the session.

Structure & Formations

The 15-minute chart revealed a significant bearish breakdown around $0.02456, confirmed by a strong volume spike and a long lower wick. This price level acted as a key resistance-turned-support, and its breach marked the beginning of a prolonged downtrend. Later, a consolidation phase formed around $0.0234–$0.0237, marked by doji and small-bodied candles, suggesting indecision among market participants. A bullish hammer emerged around $0.02331, but it lacked follow-through volume to confirm a reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward during the session, with price staying below the 50SMA for most of the period. This reinforced the bearish bias. On a daily basis, the 50DMA and 100DMA were in a bearish crossover, indicating continued pressure on the pair and no immediate sign of reversal.

MACD & RSI

The MACD histogram remained negative throughout the 24-hour period, with the MACD line crossing below the signal line at $0.02456, confirming the bearish momentum. RSI approached oversold territory near 30 during the session, raising the possibility of a short-term bounce. However, the lack of volume behind the rebound suggests caution in interpreting this as a strong reversal signal.

Bollinger Bands

Volatility expanded significantly after the breakdown of the $0.02456 level, with price staying near the lower band for most of the 24-hour window. This is a common sign of a strong trend in place, particularly for a bearish move. Price occasionally touched the mid-band during consolidation phases, indicating a potential shift in momentum but not a reversal.

Volume & Turnover

The largest volume spike occurred at $0.02456, where over 3 million Tether changed hands in one 15-minute candle. This confirmed the breakdown of a key level. In contrast, the recovery attempt after the low at $0.02331 was supported by only moderate volume, suggesting that bullish momentum remains weak. A price-volume divergence was observed after 4:30 AM ET, where price continued to fall while volume declined, hinting at waning bearish conviction.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from $0.02462 to $0.02331, the pair tested the 61.8% retracement level at around $0.02398 before reversing. The 38.2% level at $0.02419 also acted as a minor resistance, with price failing to hold above it for long. These levels may serve as potential targets for a retracement in the near term, but the bearish trend remains intact.

Backtest Hypothesis

A potential backtest strategy could involve using the 50-period and 20-period moving averages on the 15-minute chart to identify entries on the break of key support and resistance levels. A short entry could be triggered when price breaks below the 50SMA with increasing volume, while a long entry might be considered after a pullback to the 61.8% Fibonacci retracement level, provided RSI shows oversold readings and volume increases. Stop-loss placement should be above the recent swing high for short entries and below the 38.2% retracement for long setups.