Market Overview: Quickswap (QUICKUSDT) 24-Hour Summary (2025-08-19)

Quickswap (QUICKUSDT) opened at $0.02419 and traded between $0.02363 and $0.02520, closing at $0.02431 as of 12:00 ET. Total volume was 39,600,872.8, with turnover of $982,123.38 over the 24-hour window.

Structure & Formations

Quickswap formed a bearish engulfing pattern near the 24-hour high of $0.02520, followed by a corrective pullback and a bullish reversal near the session low. Key support appears at $0.02400–0.02410, while resistance clusters at $0.02460 and $0.02490. A long-legged doji near $0.02445 suggests indecision, possibly indicating a short-term equilibrium point.

Moving Averages

On the 15-minute chart, price closed above the 20-period and 50-period moving averages, suggesting potential short-term bullish momentum. However, the 20 MA is flattening, and the 50 MA is starting to slope downward, signaling possible bearish correction pressures. On the daily chart, the 50-period MA has crossed above the 200-period MA, hinting at a possible longer-term bullish trend.

MACD & RSI

MACD showed a bearish crossover in the early morning hours, coinciding with a strong price drop, but has since returned to positive territory. RSI has recovered from an oversold level to 48–50, indicating balanced short-term momentum. Overbought conditions have not yet been reached, suggesting the market is in consolidation rather than speculative expansion.

Bollinger Bands

Price spent much of the session within the Bollinger Bands, with a brief expansion following the $0.02520 high. A contraction occurred during the overnight consolidation phase, indicating a potential period of lower volatility. Price has re-entered the upper half of the bands, which may signal a test of resistance.

Volume & Turnover

Volume spiked during the morning high and early afternoon pullback, confirming those price moves. However, volume has declined in the latter half of the session, suggesting reduced conviction in current directional moves. Turnover also mirrored these spikes, with the highest turnover occurring during the $0.02520 peak. A divergence between volume and price in the late afternoon may suggest a potential reversal or pause.

Fibonacci Retracements

Recent 15-minute swings show price retesting the 38.2% and 61.8% retracement levels between $0.02450 and $0.02410. On the daily timeframe, a 61.8% retracement level at $0.02450 appears to be acting as strong resistance, with price failing to hold above it in recent sessions.

• Price opened at $0.02419 and closed at $0.02431, with a high of $0.02520 and low of $0.02363.
• A bearish engulfing pattern formed near the intraday high, followed by a bullish reversal near the low.
• RSI moved out of oversold territory to 48–50, showing balanced momentum but no overbought levels yet.
• Bollinger Bands contracted overnight before a price expansion, suggesting a potential period of consolidation.
• Volume spiked during key turning points but has since declined, indicating reduced conviction in current directional moves.