QUICKUSDT Market Overview: Volatility, Momentum Shifts, and Key Support

• Price action showed a sharp 15-minute rally pushing QUICKUSDT to 0.02506 before retreating.
• Key support levels tested below 0.02450, with volume surging during the decline.
• Momentum shifted after 20:30 ET, with RSI indicating overbought conditions followed by oversold territory.
• Bollinger Bands expanded during the 19:45–20:15 ET window, indicating heightened volatility.
• Turnover spiked to 9.8M at 20:00 ET as price moved 0.02473–0.02512.

Quickswap/Tether (QUICKUSDT) opened at 0.02453 on 2025-10-03 16:00 ET and reached a high of 0.02527 before closing at 0.02421 on 2025-10-04 04:45 ET. The 24-hour volume totaled approximately 21.8 million units, with a notional turnover of ~$5.6 million (based on average price of ~$0.026). The price closed below the previous high, showing a bearish bias amid mixed volume patterns.

Structure & Formations

Price action revealed key support and resistance zones, with a sharp bearish reversal occurring around 20:00 ET. A long lower wick formed between 19:45 and 20:00 ET, suggesting rejection at 0.02506. Later, a bearish engulfing pattern emerged between 20:00 and 20:15 ET, confirming downward momentum. A key support level was tested at 0.02450, holding briefly before another pullback. A potential double-bottom pattern formed around 0.02418–0.02424, indicating possible support consolidation.

Moving Averages and Momentum

On the 15-minute chart, price broke above the 20SMA briefly at 19:45 ET but failed to hold above the 50SMA. This suggests a lack of sustained bullish momentum. RSI spiked into overbought territory during the 19:45–20:00 ET rally, only to rapidly fall into oversold conditions, signaling exhaustion. MACD showed bearish divergence with price during the 20:30–04:00 ET period, as the histogram contracted while price continued to fall.

Bollinger Bands and Volatility

Volatility expanded significantly between 19:45 and 20:15 ET, with the Bollinger Bands widening to reflect the sharp price move. Price briefly broke above the upper band, but failed to sustain the move. Later, during the 22:00–04:00 ET consolidation, the bands narrowed, indicating a potential consolidation phase. Price currently sits just above the lower band, suggesting a high likelihood of further bearish movement or a test of 0.02418.

Volume & Turnover

Volume spiked dramatically during the 19:45–20:00 ET time frame, with a single candle generating over 7 million units traded. This high-volume move confirmed the bearish breakout at 0.02482. However, subsequent candles showed lower volume despite continued price declines, suggesting waning bearish conviction. The divergence between volume and price suggests a potential reversal could be imminent, but confirmation is needed above 0.02460.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing (0.02451–0.02506), the key levels are 0.02479 (38.2%) and 0.02468 (61.8%). Price rejected at both levels during the 20:00–20:30 ET period, confirming bearish bias. Daily retracement levels suggest a target at 0.02434 for the 61.8% level, with 0.02450 as a potential near-term support.

Backtest Hypothesis

A potential backtest strategy involves entering short positions upon confirmation of a bearish engulfing pattern and a closing below the 50SMA on the 15-minute chart, with a stop-loss placed above the upper Bollinger Band. A take-profit could be placed at the 61.8% Fibonacci retracement level (~0.02468). Given the recent divergence between RSI and price, this strategy could benefit from additional confirmation via volume spikes or a rejection at key support levels.

Looking ahead, traders should watch for a potential bounce off the 0.02418–0.02424 support zone or a breakout above 0.02460. While the short-term bias appears bearish, increased volatility could trigger a reversal. Investors are advised to remain cautious and monitor key levels for confirmation of either continuation or reversal.