Market Overview for Quickswap/Tether (QUICKUSDT) on 2025-10-12

• Price action on QUICKUSDT broke key support and tested oversold RSI levels.
• Volatility surged during a midday sell-off, with volume spiking on the decline.
• A bullish reversal pattern emerged late, hinting at potential short-term rebound.
• Bollinger Band contraction observed during consolidation ahead of the recent move.
• MACD remained negative, suggesting bearish momentum could persist for the next 24 hours.

Quickswap/Tether (QUICKUSDT) opened at 0.01812 on 2025-10-11 at 12:00 ET and closed at 0.01802 on 2025-10-12 at 12:00 ET, reaching a high of 0.01835 and a low of 0.01765. Total volume for the 24-hour period was 45,558,354.0 and notional turnover reached approximately $830,665. The pair has shown heightened volatility and a mixed price structure, with a bearish bias persisting into the close.

Structure & Formations

Price action reveals a key support level forming around 0.01765–0.01770, where a consolidation occurred before a late reversal. A bullish engulfing pattern appears at the end of the session, suggesting traders may be testing the lower band for a possible rebound. The 0.0178–0.0180 range appears to be a potential resistance zone, with a prior rejection visible earlier in the session. A doji at 0.01805 highlights indecision at this level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearish, with price trading below both. For the daily chart, the 50 and 200-period moving averages also indicate a bearish bias, with price trending below the 50SMA but approaching the 200SMA. The crossover of the 20 and 50 MA during the morning session suggests a weakening in bearish momentum, though not a reversal.

MACD & RSI

MACD remains in negative territory, with a narrowing histogram showing potential momentum decay. The RSI hit 28 near the session low, suggesting an oversold condition, though a rebound in RSI to the mid-30s indicates a potential bounce. However, without a strong RSI crossover above 40, the bearish trend is likely to persist. The RSI divergence with price during the late consolidation phase raises the possibility of a short-term reversal.

Bollinger Bands

Price action shows a notable contraction in Bollinger Band width during the early part of the session, indicating a period of low volatility before the breakout. The midday sell-off saw price drop below the lower band, reaching 0.01765, where it consolidated for several hours. A late rebound brought price back toward the center band, suggesting traders are assessing the strength of the recent support level.

Volume & Turnover

Volume spiked during the midday sell-off, particularly between 19:00–21:00 ET, coinciding with the drop from 0.01815 to 0.01765. This volume confirmed the bearish move, but the subsequent lack of follow-through selling and the appearance of a bullish engulfing pattern at the session’s end may suggest exhaustion in the bearish camp. Notional turnover also spiked during the sell-off but has since declined as price stabilized.

Fibonacci Retracements

Applying Fibonacci to the 0.01824–0.01765 swing shows 61.8% at 0.01782 and 38.2% at 0.01804, where price appears to have found initial support. The late session bounce seems to align with the 38.2% level, reinforcing the idea that traders may consider this a short-term support zone. For longer-term Fibonacci levels, the 0.01835–0.01765 move shows key levels at 0.01793 (61.8%) and 0.01818 (38.2%).

Backtest Hypothesis

A potential backtest could focus on a mean-reversion strategy triggered when price breaks the lower Bollinger Band and closes near a Fibonacci 61.8% retracement level. This setup was observed today with a bullish engulfing candle at the session’s end, indicating a potential short-term bounce. A long entry at 0.01790 with a stop below 0.01775 could be paired with a target at 0.01820. Testing this approach on historical data would confirm its viability in similar volatility environments.