Market Overview for Quickswap/Tether (QUICKUSDT) on 2025-10-05

• Quickswap/Tether (QUICKUSDT) opened at $0.02369 and closed at $0.02407 over the 24-hour period.
• Price reached a high of $0.02471 and a low of $0.02362, showing a moderate bullish bias.
• Volatility expanded in the late-night to morning hours, with volume spiking at key breakout moments.
• A bullish engulfing pattern formed near the $0.02370 support level, signaling a potential short-term reversal.
• RSI and MACD suggest positive momentum but remain within neutral ranges, not indicating overbought conditions.

24-Hour Price and Volume Summary

Quickswap/Tether (QUICKUSDT) opened at $0.02369 on October 4, 2025, at 12:00 ET, and closed at $0.02407 at the same time on October 5. The 24-hour high was $0.02471, while the low was $0.02362. Total volume for the period was approximately 8,165,941. Total notional turnover came in at roughly $199,633. The pair showed moderate bullish momentum with a clear breakout in the early morning hours.

Structure & Formations

The price structure over the past 24 hours revealed a key support zone forming around $0.02370–0.02380, which was tested multiple times and held as a pivot. Notable candlestick patterns include a bullish engulfing pattern at $0.02370, where price reversed upwards after a period of bearish consolidation. A doji formed near $0.02425 in the mid-morning, suggesting indecision among traders at that level. Resistance is now forming around $0.02450–0.02460, as the price has stalled multiple times in that range.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA) crossed above the 50-period SMA, forming a potential golden cross that suggests short-term bullish momentum. The 50-period SMA is now acting as dynamic support at ~$0.02385. On the daily chart, the 50 and 200-period SMAs are in a bearish crossover, which indicates the longer-term trend remains bearish. Traders should watch for a potential shift in the daily moving average alignment over the coming days.

MACD and RSI

The MACD turned positive after 02:00 ET on October 5, with the histogram expanding in favor of bullish momentum. RSI moved into neutral territory (~55–65), indicating moderate strength without reaching overbought levels. The divergence between price and RSI has been minimal, suggesting the recent rally remains in line with broader momentum. If RSI continues to rise without overbought conditions, it could signal a continuation of the bullish move toward $0.02450.

Bollinger Bands

Volatility expanded overnight as the Bollinger Bands widened from a narrow range of ~$0.02380–0.02400 to ~$0.02360–0.02470. Price spent much of the morning inside the upper band, suggesting a strong breakout phase. The recent contraction in the late afternoon and early evening has brought price closer to the middle band, indicating a possible resumption of consolidation.

Volume and Turnover

Volume surged in the 3–7 AM ET window, particularly between 03:15 and 05:00, when notional turnover spiked due to a sharp move from $0.02412 to $0.02438. This price increase was accompanied by a volume spike of over 1.5 million, validating the breakout. However, volume declined in the afternoon and evening, which may suggest waning follow-through demand. A divergence between price and volume should be monitored for potential weakness ahead.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from $0.02362 to $0.02471, price is currently near the 78.6% retracement level at ~$0.02437. The 61.8% level at ~$0.02415 acted as a pivot point earlier in the morning, and the 50% level at $0.02416 also served as a temporary ceiling. On a daily basis, the 61.8% level from the larger downtrend is at ~$0.02450, which has shown resistance in the past 48 hours.

Backtest Hypothesis

A potential backtesting strategy could focus on using the 15-minute bullish engulfing pattern at $0.02370 as a long entry with a stop loss just below the pattern’s low. Given the alignment of moving averages and the support level, this pattern offers a defined risk-to-reward setup. The MACD crossover and RSI neutrality also support the pattern's validity. Traders might consider adding a target at the 78.6% Fibonacci level ($0.02437) with a stop just below $0.02370. A trailing stop could be introduced as price approaches $0.02450.