Market Overview for Quickswap/Tether (QUICKUSDT)

Summary
• Price action shows bearish momentum, with a 0.01161 low at 15:45 ET.
• Volume spiked near the 24-hour low, confirming bearish bias.
• RSI and MACD suggest oversold conditions, hinting at potential short-term bounce.
• A key support at 0.01158 and resistance at 0.01165 defined a tight range.
• Bollinger Bands show contraction, indicating low volatility and potential breakouts.

At 12:00 ET–1 on 2025-12-14, Quickswap/Tether (QUICKUSDT) opened at 0.01184 and closed at 0.01165, reaching a high of 0.01188 and a low of 0.01146. Total volume was 11.46 million units, with a notional turnover of $1.32 million.

Structure & Formations

Price action remained contained between 0.01158 and 0.01165 for much of the day, forming a consolidation pattern. A morning bearish engulfing pattern and an evening doji at the 24-hour low signaled indecision and potential reversal.

Technical Indicators

MACD showed a bearish crossover with a negative histogram, while RSI dipped below 30, indicating oversold conditions. Bollinger Bands displayed a narrow contraction in the afternoon, suggesting low volatility and potential for a breakout in either direction.

Volume & Turnover

Volume spiked near the 24-hour low, confirming the bearish move. However, low volume during the late morning and midday suggested weak conviction. Turnover aligned with price movement, showing higher notional activity during sharp declines.

Fibonacci Retracements

A key 5-minute retracement level at 0.01161 (38.2%) provided temporary support. The 0.01158 (61.8%) level acted as a strong floor, with price rebounding off it twice. Daily Fibonacci levels showed similar behavior, reinforcing its significance.

The market appears to be seeking a directional move, with bearish bias intact but oversold conditions hinting at a possible bounce. A break above 0.01168 could indicate a short-term recovery, while a drop below 0.01158 may trigger further selling. Investors should remain cautious as volatility remains compressed and direction is uncertain in the near term.