Quickswap/Tether (QUICKUSDT) Market Overview for 2025-09-23

• • •
• Price opened at $0.0207, peaked at $0.02101, and closed at $0.0208 at 12:00 ET.
• Volatility and volume surged in the latter half of the day with a key breakout above the prior resistance.
• RSI signaled overbought conditions mid-day while MACD crossed into positive territory, suggesting bullish momentum.
• Bollinger Bands expanded significantly, reflecting heightened market participation and increased volatility.
• A volume-weighted breakout above $0.02096 and a retest of $0.02079 could confirm a new short-term uptrend.

Price Overview and Volume

Quickswap/Tether (QUICKUSDT) opened at $0.0207 on September 22, 2025 at 12:00 ET and reached a high of $0.02101 before closing at $0.0208 at the same time on September 23. The 24-hour candle shows a total volume of ~45,434,025 units and a notional turnover of ~$928,800. The price action indicates a consolidation phase followed by a breakout in the early hours of September 23, marked by increasing volume and tight range consolidation earlier in the session.

Structure and Candlestick Formations

The 15-minute chart reveals a series of consolidative ranges between $0.0206 and $0.02085, with key support levels forming around $0.02065–0.0207 and resistance at $0.02085–0.0209. A bullish engulfing pattern appeared at 09:15 ET on September 23, signaling a potential shift in momentum. Later in the session, a bearish divergence emerged in the RSI while volume increased during the downward move, hinting at a possible reversal.

A notable pinocchio formation occurred around $0.02096 at 09:30 ET, suggesting a potential correction. The price has since retested key Fibonacci levels from the day’s high, with 61.8% retracement at $0.02078 acting as a pivot.

Moving Averages and Momentum

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the early hours of September 23, reinforcing the bullish momentum. The daily chart shows a broader bullish bias, with the 50-period MA above the 100- and 200-period MAs. MACD crossed into the positive territory with a widening histogram, reinforcing bullish conviction.

RSI reached overbought territory above 70 around 09:30 ET but failed to hold, dropping back into neutral to slightly overbought levels. This suggests a healthy balance of buying and selling pressure, but a break below 50 would signal a potential shift in sentiment.

Bollinger Bands and Volatility

Volatility expanded significantly in the early hours of September 23, as the price moved to the upper band of the Bollinger Bands. This was accompanied by a sharp increase in volume, particularly during the breakout above $0.02096. The bands contracted earlier in the session, indicating a period of consolidation before the price surged.

The price closed near the upper band of the Bollinger Bands for most of the trading session, suggesting strong bullish momentum. However, the recent pullback to the mid-band suggests that the market is testing the sustainability of the breakout.

Volume and Turnover Insights

Volume spiked sharply during the early hours of September 23, with a large block trade of 4,802,025 units at 15:30 ET pushing the price to a high of $0.02101. This large-volume move was followed by a sharp consolidation phase as volume decreased. The volume profile also revealed a divergence around 15:45 ET where the price moved lower but volume was muted, suggesting potential exhaustion on the short side.

Notional turnover was highest in the 09:00–10:00 ET window and again at 15:30 ET, aligning with key price movements. The correlation between price and volume was strong during the breakout but weakened during the pullback, signaling a potential pause in the uptrend.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from $0.0206 to $0.02101 shows a 61.8% retracement at $0.02078 and a 38.2% retracement at $0.02088. The price has spent a significant portion of the session near these levels, indicating that they are acting as key psychological barriers.

On the daily chart, the 50% retracement of the larger move from the recent low aligns with the current price range, suggesting potential for either a continuation or a reversal depending on how volume reacts in the next 24 hours.

Backtest Hypothesis

A potential backtest strategy for this pair could involve entering long positions on a breakout of the upper Bollinger Band, confirmed by an increase in volume and a bullish engulfing candle. A stop-loss could be placed just below the 61.8% Fibonacci retracement at $0.02078, with a take-profit target near $0.02115. This approach leverages both volatility and pattern confirmation to enhance the probability of success, particularly in a high-volume environment like the one observed on September 23.