Quickswap Market Overview

• Quickswap (QUICKUSDT) rose 2.16% over 24 hours, breaking above 0.0245 to a high of 0.02554.
• Momentum accelerated in the final 6 hours, with a bullish engulfing pattern forming at 0.0252–0.0255.
• Volume surged to 8.36M USDT in the last 3 hours, confirming the upward breakout.
• RSI crossed 60, suggesting moderate overbought conditions but not extreme exhaustion.
• Price tested the 0.0255 resistance zone twice, with a potential consolidation ahead.

Market Overview

Quickswap (QUICKUSDT) opened at 0.02407 on 2025-07-19 12:00 ET, reaching a high of 0.02554 and a low of 0.02398 before closing at 0.02539 on 2025-07-20 12:00 ET. Total volume over the 24-hour period was 16.42M USDT, with a notional turnover of approximately $410,000.

Structure & Formations

The price action showed a clear bullish reversal pattern in the final hours, with a strong bullish engulfing pattern forming between 0.0252 and 0.0255. A key support level appears to be forming around 0.0249–0.0251, where the price consolidated earlier in the day. Resistance is currently at 0.0255–0.0256, with a possible breakout attempt expected in the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the final 3 hours, signaling a short-term bullish bias. The 50-period MA is currently at 0.0249, and the 100-period MA at 0.0247, suggesting that the recent move above both is a strong technical signal.

MACD & RSI

The MACD turned positive in the last 4 hours, with a bullish crossover of the signal line. RSI has risen to 62, indicating moderate overbought conditions but not extreme exhaustion. A pullback to the 50–55 RSI range may be necessary before the next leg higher.

Bollinger Bands

Volatility expanded in the final 6 hours, with the price pushing above the upper Bollinger Band at 0.0255. The band width increased from 0.0005 to 0.0008, confirming a breakout phase. Price remains above the 20-period moving average, suggesting that the upward trend may continue unless it retests the lower band.

Volume & Turnover

Volume spiked sharply in the last 3 hours, with over 8.36M USDT traded between 07:45 ET and 12:00 ET. Turnover also increased in line with price, confirming the bullish breakout. No divergence was observed between volume and price, suggesting strong conviction behind the move.

Fibonacci Retracements

On the 15-minute chart, the price has retraced 61.8% of the 0.0245–0.0255 swing, reaching 0.02539. This level may act as a temporary consolidation point. On the daily chart, the 38.2% retracement of the 0.0240–0.0255 move is at 0.0247, which appears to have already been tested and rejected.

Looking ahead, Quickswap could test the 0.0256–0.0258 resistance zone in the next 24 hours, but a pullback to 0.0250–0.0252 is also possible for consolidation. Investors should monitor the 20-period MA and RSI for signs of exhaustion or renewed momentum.