Quickswap (QUICKUSDT) Market Overview: Volatile Recovery and Divergence Signal Mixed Momentum

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Quickswap opened at $0.02415 (12:00 ET − 1) and closed at $0.02385 by 12:00 ET, with a high of $0.02447 and low of $0.02346 over the 24-hour period. Total volume reached 14.7 million contracts, while turnover amounted to $3.48 million. The price action reveals a volatile session marked by a sharp recovery after an initial drop, though momentum appears to be diverging from price in the final hours.

Summary

• Price declined from $0.02447 to $0.02385 amid mixed momentum signs in the final hours.
• A bullish reversal pattern emerged near $0.0237–0.0240, but failed to hold during the 24-hour window.
• High volume during the selloff contrasts with fading turnover in the final hour, hinting at diverging conviction.
• RSI dipped into oversold territory below 30, suggesting potential short-term support near $0.0236.
• MACD crossed below the signal line, aligning with bearish sentiment for the next 24 hours.

Structure & Formations

Key support levels appear at $0.0236 and $0.0234, with resistance at $0.0240 and $0.0245. A hammer pattern emerged on the candle closing at $0.0236, hinting at possible short-term support. However, a bearish engulfing pattern formed on the candle opening at $0.02411 and closing at $0.02372, signaling continued bearish pressure. A doji at $0.02341 further suggests indecision and possible trend reversal.

Moving Averages

On the 15-minute chart, price briefly crossed above the 50-period moving average, reaching $0.0243, but then dropped back below it. The 20-period MA remained above the 50-period MA for most of the session, indicating short-term bullish momentum. On the daily chart, price remains below the 50, 100, and 200-period MAs, reinforcing the bearish bias.

MACD & RSI

The MACD line crossed below the signal line early in the session, confirming bearish momentum. While RSI briefly touched overbought territory during the recovery phase, it later fell below 30 into oversold territory. This divergence suggests the market may not be ready for a strong bearish move yet, though momentum is waning.

Bollinger Bands

Price expanded beyond the upper Bollinger Band on the candle opening at $0.02411, signaling a brief overbought condition before retreating sharply. The recent consolidation at the lower band, now sitting at $0.0234, suggests a potential floor for the next 24 hours. Volatility appears to be stabilizing, though a break above the midline could trigger a rebound.

Volume & Turnover

Volume spiked during the selloff phase, with the largest candle (12.3M volume) recording a high of $0.02447 and closing at $0.02439. However, the final hour showed a drop in both volume and turnover, suggesting waning seller pressure. The divergence between price and volume at the end of the session suggests caution for near-term moves.

Fibonacci Retracements

Applying the Fibonacci tool to the 15-minute swing from $0.02447 to $0.02346, the 38.2% level sits at $0.02396 and the 61.8% level at $0.02368. Price appears to have bounced off the 61.8% level briefly before breaking through. On the daily chart, the 50% retracement of a larger bearish move sits at $0.0242, which may offer resistance if buyers return.

Quickswap may face a critical test near $0.0236 in the next 24 hours. A sustained break below that could lead to a test of $0.0234, but a rebound above $0.0240 may rekindle short-term buying. Investors should remain cautious as momentum signals remain mixed and volatility is still high.