Market Overview: Quickswap/Tether (QUICKUSDT) – 24-Hour Analysis as of 2025-10-06

• Price rallied 1.59% from $0.02313 to $0.02347 amid rising volume and bullish momentum.
• RSI rose to 62, indicating moderate strength, while MACD turned positive with a rising histogram.
• Volatility expanded as price moved above 20-period SMA, with Bollinger Bands widening through key levels.
• Volume spiked 220% during the 14:15–14:30 ET session, coinciding with a 0.8% rally and breakout above key resistance.

Quickswap/Tether (QUICKUSDT) opened at $0.02313 on 2025-10-05 at 12:00 ET and traded as low as $0.02297 before closing at $0.02347 by 12:00 ET on 2025-10-06. Total volume for the 24-hour period was 18.1 million, with notional turnover reaching approximately $428,000. The pair showed a bullish bias throughout the session, particularly after 14:00 ET, when a strong buying wave emerged.

Structure & Formations

The price formed a strong bullish engulfing pattern around 14:30 ET as it closed above a previous bearish candle, confirming a shift in momentum. Key support was observed near $0.02322, where price found a floor multiple times, while resistance broke at $0.02347, followed by a retest that held firm. A doji formed near $0.02336 at 15:45 ET, signaling indecision but not reversing the trend.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA in the afternoon, forming a bullish “golden cross.” The 50-period SMA was closely respected through the session, with price holding above it for most of the day. On the daily chart, the 200-period SMA remains above current price levels, suggesting that the broader trend remains neutral to bearish, despite short-term strength.

MACD & RSI

The MACD crossed into positive territory at 14:15 ET and remained bullish for the remainder of the session, with a rising histogram indicating increasing momentum. RSI climbed from 52 to 62, showing moderate strength without entering overbought territory. This suggests that buyers have maintained control without showing signs of exhaustion.

Bollinger Bands

Bollinger Bands expanded significantly in the late afternoon as volatility increased, with price closing near the upper band at $0.02347. This suggests that the rally was driven by strong buying pressure. The expansion indicates that traders may be positioning for a breakout or continuation of the upward move.

Volume & Turnover

Volume surged during the 14:15–14:45 ET window, coinciding with the price breakout above $0.02347. Notional turnover rose in parallel, confirming the validity of the move. The correlation between rising volume and price suggests strong conviction in the bullish trend, with no signs of divergence.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level of the morning consolidation was tested and broken at $0.02347. The 38.2% level at $0.02329 acted as a minor resistance before the price continued higher. For the daily move, the 50% retracement of the recent downwave remains at $0.02378, which could serve as a future target or resistance.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when the 20-period SMA crosses above the 50-period SMA on the 15-minute chart and price closes above the upper Bollinger Band, with a stop-loss placed just below the 50-period SMA. The MACD turning positive and RSI staying within 50–60 would further confirm the trade. This approach would align with the breakout and continuation patterns observed today, leveraging both trend and volatility signals.