Market Overview for Quickswap/Tether (QUICKUSDT): 24-Hour Analysis

• Price opened at $0.02418 and rose to a high of $0.02446 before closing at $0.02353 on 24-hour 15-minute data.
• A sharp decline occurred after the midday peak, with price dropping 3.8% into a consolidation phase.
• Volume surged to 19 million traded in the session’s early hours, but faded as the trend reversed.
• RSI and MACD indicated bearish momentum after 18:00 ET, confirming downward pressure.
• Bollinger Bands showed a moderate expansion during the sell-off, suggesting increased volatility.

The Quickswap/Tether pair (QUICKUSDT) opened at $0.02418 on 2025-09-18 at 12:00 ET and reached a high of $0.02446 before declining to a 24-hour low of $0.02332 and closing at $0.02353 as of 12:00 ET on 2025-09-19. Total traded volume was approximately 10.14 million, while notional turnover reached around $2.43 million, with the largest volume spike occurring around 22:00 ET. The price action reflected a clear bearish reversal after a short-lived bullish push.

Structurally, the price broke through a key resistance at $0.02440 during the early hours, but failed to hold it, forming a bearish engulfing pattern as it declined past the $0.02430 support level. A doji appeared near the $0.02420–0.02425 range, signaling indecision. A swing high at $0.02446 on 18:30 ET acted as a critical resistance, which the price failed to retest. A consolidation phase emerged below $0.02400, with support now likely forming around $0.02350–0.02360, where a 61.8% Fibonacci retracement from the 18:30 ET high to the 03:45 ET low aligns.

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly during the midday sell-off, confirming the downward shift. While the 50-period MA on the daily chart is neutral, the 200-period MA acts as a long-term support. The RSI fell below 30 for several hours, indicating oversold conditions, although this has not triggered a reversal. MACD crossed below the signal line around 19:00 ET and remained bearish for most of the session. Bollinger Bands widened significantly during the decline, reflecting heightened volatility, with price currently hovering near the lower band.

Bollinger Bands currently reflect volatility in the 24-hour window, while RSI indicates the asset is near oversold territory. A 61.8% Fibonacci retracement level is now at $0.02360, which could serve as a near-term target for buyers. Volume and turnover have diverged since the 22:00 ET peak, suggesting weakening conviction among buyers. The price appears to be in a consolidation phase, with potential for a short-term rebound or continued bearish pressure depending on order flow and external catalysts.

Backtest Hypothesis

Applying a backtesting strategy based on the observed bearish engulfing pattern and the RSI entering oversold territory suggests a potential short-term reversal. A buy signal could be generated on a retest of the $0.02350–0.02360 support zone, particularly if RSI shows divergence while price remains above the 20-period MA. A sell signal may be triggered if price breaks below $0.02340 with increased volume, confirming a continuation of the bearish bias. The 15-minute chart’s Bollinger Band contraction may also signal an upcoming breakout, either bullish or bearish, depending on order flow and market sentiment. This hypothesis aligns with the current technical setup and could be validated with a historical performance review.