Market Overview for Quickswap/Tether (QUICKUSDT) – 2025-09-18

• Price advanced from $0.02335 to $0.02435 during the session, forming a bullish trend.
• Momentum remains positive with RSI at ~55 and MACD bullish crossover.
• Volatility increased with a 15-minute range of ~0.0010 and total turnover of $15.4M.
• A key support level formed near $0.02420 and resistance near $0.02445.
• The price closed above key Fibonacci levels, suggesting continuation bias.

Quickswap/Tether (QUICKUSDT) opened at $0.02335 at 12:00 ET − 1 and closed at $0.02419 by 12:00 ET on 2025-09-18. The pair reached a high of $0.02444 and a low of $0.02312, with a total volume of 10,846,320 and a notional turnover of $15.4 million over the 24-hour period. The price moved in a well-defined bullish channel, with several key patterns emerging during the session.

Structure & Formations

The 15-minute chart showed a strong bullish bias, with the price forming multiple engulfing patterns and a bullish hammer in the early hours. A key resistance level at $0.02444 was tested twice, with the first rejection and the second successful breakout. A support level at $0.02420 was reaffirmed multiple times, appearing as a critical floor for the pair. The closing candle at $0.02419 suggests buyers are gaining confidence, and the structure appears to favor continuation above the 20-period moving average.

Moving Averages

On the 15-minute chart, the 20-period MA (~$0.02400) acted as a dynamic support line, while the 50-period MA (~$0.02398) remained slightly below it. The price closed above both, suggesting bullish momentum. On the daily chart, the 50-period MA (~$0.02390) appears to be a key support level, and the 200-period MA (~$0.02370) remains below the current price, indicating the pair is trading above its long-term average.

MACD & RSI

The MACD turned bullish during the morning session, with the fast line crossing above the signal line and both above zero. This indicates strong upward momentum. The RSI peaked at ~65 during the early hours but has since pulled back to ~55, suggesting the market is not yet overbought. A positive divergence between the RSI and price was observed in the last 60 minutes, indicating potential for further upward movement.

Bollinger Bands

The Bollinger Bands expanded during the early part of the session, with the price moving near the upper band in the 5–6 AM ET timeframe. This suggests increased volatility and strong buyer participation. The price closed near the middle band, indicating a potential consolidation phase. A contraction in the bands is expected if the pair moves sideways in the next 24 hours.

Volume & Turnover

Volume spiked during key breakout moments, particularly at $0.02444, with a 15-minute volume of 410,617 and turnover of $9,867. A notable divergence between volume and price occurred in the last 2 hours, with volume decreasing while the price continued to consolidate. This suggests a potential pause in the bullish momentum. However, the total volume for the day remains strong, supporting the bullish narrative.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing, a key 61.8% retracement level (~$0.02420) provided strong support during the session. On the daily chart, the 38.2% retracement (~$0.02395) appears to be acting as a minor support. The closing price of $0.02419 aligns with a 78.6% retracement of a larger bullish swing, suggesting strong buyers are still active.

Backtest Hypothesis

The backtest strategy described involves entering a long position on a bullish engulfing pattern formed above the 20-period MA, with a stop-loss placed below the 50-period MA and a target at the 61.8% Fibonacci level. The strategy is designed to capture continuation moves in a trending market and appears well aligned with the recent price action on QUICKUSDT. Given the current structure, a long entry at $0.02420 with a target at $0.02445 and stop-loss at $0.02405 could offer a favorable risk-reward profile.

Forward-Looking View

Looking ahead, the next 24 hours may see a test of the $0.02445 resistance level, with the potential for a breakout or consolidation. If the RSI remains above 50 and the volume increases on the next rally, a continuation above $0.02445 could follow. However, a drop below $0.02410 would signal a risk of short-term consolidation or pullback.