Market Overview for Quickswap/Tether (QUICKUSDT) on 2025-09-20

• Price action shows a strong 1.2% rebound on the 24-hour chart.
• Volatility remains low, with Bollinger Bands tightening through the morning.
• RSI hit oversold territory in the early hours before reversing.
• Volume spiked during the final 4 hours, confirming upward momentum.
• A bullish engulfing pattern formed in the 15-minute chart after 08:00 ET.

Quickswap/Tether (QUICKUSDT) opened at $0.02325 on 2025-09-19 12:00 ET, reached a high of $0.02356, a low of $0.02292, and closed at $0.02345 by 12:00 ET on 2025-09-20. The 24-hour volume amounted to approximately 5,982,558.0 units, with a notional turnover of ~$140,124.61.

Structure & Formations

Price found key support at $0.02292–$0.02301 and faced resistance at $0.02337–$0.02343 during the day. A bullish engulfing pattern formed between 08:00 and 08:15 ET, signaling a potential reversal after a period of consolidation. A long-legged doji at 09:00 ET indicated indecision among traders ahead of a breakout. The price action suggests that the $0.02316–$0.02321 zone acted as a pivot, supporting both bullish and bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, with price staying above both, indicating a short-term bullish bias. Over the daily timeframe, the 50-period MA was above the 100 and 200-period lines, suggesting a moderate upward trend. Price closed above the 50-day MA, reinforcing the idea that momentum is favoring bulls in the near term.

MACD & RSI

The MACD showed a bullish crossover at 07:30 ET, with the histogram expanding through the morning and early afternoon, aligning with the upward move. The RSI hit 28 (oversold) at 01:45 ET before recovering to ~45 by the close. This suggests a strong rebound from oversold levels, with momentum potentially still in play.

Bollinger Bands

Volatility was notably low in the early morning, with price trading within a tight Bollinger Band range. After 07:00 ET, the bands began to expand, coinciding with the breakout of the $0.02337 resistance. Price closed near the upper band at $0.02345, indicating a potential continuation of the rally if the trend continues.

Volume & Turnover

Volume remained subdued until around 06:00 ET when it began to pick up significantly. The largest spike occurred between 15:00 and 16:00 ET, coinciding with a sharp move from $0.02339 to $0.02356. Notional turnover spiked in line with volume during this period, suggesting the price move was supported by substantial buying pressure. The divergence between early morning volume and price (low volume, sideways price) indicated weak conviction, while the afternoon spike confirmed a more decisive move.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 24-hour swing from $0.02292 to $0.02356, the 38.2% retracement is at $0.02329, and the 61.8% level is at $0.02341. Price closed just above the 61.8% retracement level, suggesting that further resistance could be found near $0.02343–$0.02345. On the 15-minute chart, recent swings suggest a possible continuation towards the $0.02350–$0.02355 range.

Backtest Hypothesis

A backtesting strategy could be built around the 15-minute bullish engulfing pattern that formed at 08:00 ET, combined with the confirmation from the MACD crossover and rising volume. A buy signal could be triggered on the close of that candle, with a stop-loss placed below $0.02316 (the recent pivot support). A target could be set at $0.02350–$0.02355, aligning with the 61.8% Fibonacci level and the upper Bollinger Band. This setup would be most effective in a low-volatility environment, as seen in the early morning, where consolidation leads to a breakout. The strategy would need to be tested over multiple cycles to determine its reliability, but the current conditions suggest a high-probability trade setup.