Summary
• Price tested key resistance near $0.01035–$0.01036 but reversed lower.
• Bullish momentum weakened as RSI flattened and volume declined.
• Volatility expanded after 03:00 ET, with Bollinger Bands widening.
• A bullish engulfing pattern formed in early hours but failed to hold.
• Turnover surged 4x at 07:45 ET, suggesting short-term interest in 0.01032 area.
Market Overview
Quickswap/Tether (QUICKUSDT) opened at $0.01022 on 2025-12-27 and traded between $0.01016 and $0.01036, closing at $0.01032 by 12:00 ET. Total volume reached 4,924,440.0 units, with notional turnover hitting approximately $506.9 million over the 24-hour period.
Structure & Formations
The price formed a bullish engulfing pattern shortly after 12:00 AM ET but failed to sustain the breakout above $0.01036. A bearish reversal occurred after 03:00 ET, forming a key resistance cluster at $0.01035–$0.01036. A notable consolidation phase followed between $0.01030 and $0.01025, with a 50% Fibonacci retracement of the earlier rally appearing at $0.01030 as a potential support level.
Moving Averages and Momentum
The 5-minute 20/50 EMA crossed over in the morning, signaling a potential short-term bullish bias, which was later invalidated by a failure to break above resistance. The RSI reached an overbought level of ~68 early in the morning but has since declined, indicating weakening momentum. MACD remained in positive territory but flattened, hinting at potential exhaustion.
Volatility and Bollinger Bands
Volatility expanded significantly after 03:00 ET, with Bollinger Bands widening to reflect heightened market uncertainty. Price oscillated between the upper and lower bands during the volatility spike, and by the end of the 24-hour period, it settled near the upper band, suggesting lingering bullish pressure but with limited follow-through.
Volume and Turnover Analysis
A sharp increase in volume occurred at 07:45 ET, coinciding with a surge in turnover to over $1.9 billion, reinforcing the move to $0.01033. However, volume has since cooled, with price failing to make new highs without confirmation. Divergence between price and volume suggests caution ahead, particularly around $0.01035.
Quickswap/Tether may test $0.01035 again in the next 24 hours, but a failure to hold above $0.01030 could trigger a pullback. Investors should remain cautious, as overbought conditions and weakening volume suggest a potential consolidation phase.
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