Market Overview for Quickswap/Tether (QUICKUSDT)

Summary
• Price formed bearish engulfing patterns late in the session, signaling short-term weakness.
• Volume surged in late ET hours, aligning with downward price swings.
• RSI approached oversold territory, hinting at possible near-term bounce.
• Bollinger Bands widened in early hours, indicating increased volatility.

At 12:00 ET on December 23, 2025, Quickswap/Tether (QUICKUSDT) opened at 0.01056, with a high of 0.01061, a low of 0.01014, and closed at 0.01036. Total volume for the 24-hour period was 9.43 million contracts, with notional turnover reaching ~$973,000.

Structure & Formations

The 24-hour price action displayed a broad bearish trend, with a notable bearish engulfing pattern forming at the peak near 0.01061. A key support level appears to have formed in the 0.0102–0.0103 range, which held through multiple testing attempts. A potential resistance is observed near 0.01055–0.01060, where several failed breakouts occurred during the session.

MACD and RSI

The MACD line crossed below the signal line in the mid to late session, reinforcing bearish momentum. The RSI has moved into oversold territory, hitting as low as ~29, suggesting potential for a short-term rebound. However, the slow divergence between price and RSI implies caution before expecting a strong reversal.

Bollinger Bands

Volatility spiked in the early hours of the session as the Bollinger Bands expanded to 0.00018–0.00021 range. Price closed near the lower band at 0.01036, indicating a consolidation phase after a sharp decline in the 0.01014–0.01022 range.

Volume and Turnover

Volume remained elevated in the late ET and early UTC hours, with a peak of 742,340 contracts at 10:00 UTC. Turnover followed a similar pattern, with the largest notional trade observed in the same period. The volume–price alignment supports the bearish trend, with no clear signs of divergence.

Fibonacci Retracements

The 0.01036 close aligns closely with the 61.8% Fibonacci retracement level of the key 0.01061–0.01023 swing. A potential rebound could find initial resistance at the 50% level near 0.01044–0.01046, with further resistance expected around 0.01052.

Looking ahead, the pair may test the 0.0102–0.0103 support zone before any meaningful reversal could form. However, traders should remain cautious as volume and momentum indicators suggest that any bounce is likely to be short-lived. A break below 0.0102 could open the door to lower levels, increasing downside risk in the next 24 hours.