Market Overview for Quickswap/Tether (QUICKUSDT) as of 2025-12-28

Summary
• Price action showed a 0.01055–0.01067 range with key resistance at 0.01064 and support near 0.01055.
• High volume and turnover at 0.01062–0.01064 suggested accumulation amid consolidation.
• RSI hovered near neutral levels, with no clear overbought or oversold signals.
• MACD showed a flat line, indicating mixed momentum and indecisive trading.
• Bollinger Bands showed moderate volatility with price hovering near the midline.

Quickswap/Tether (QUICKUSDT) opened at 0.01055 on 12:00 ET-1, reached a high of 0.01067, touched a low of 0.01050, and closed at 0.01057 as of 12:00 ET. The total 24-hour volume was 8,340,205.0 with a notional turnover of approximately $87,535.00.

Structure & Formations

Price action remained within a tight consolidation range for most of the 24-hour window. Notable resistance appeared at 0.01064, where price repeatedly failed to break above despite several attempts. A small bearish engulfing pattern formed around 15:00 ET, suggesting possible short-term weakness. Support at 0.01055 held firm in multiple instances, with the strongest defense noted during the 04:00 ET time frame. A doji at 09:00 ET indicated indecision, aligning with a potential pause in trend direction.

Moving Averages

On the 5-minute chart, the 20-period moving average hovered slightly above 0.01058, while the 50-period line trended marginally higher. Price oscillated closely around both, indicating a lack of clear directional bias. On the daily chart, the 50-period and 200-period moving averages were not available in the given data, but the price remained near the 100-period line. This suggests a sideways pattern with limited momentum.

MACD and RSI

MACD lines remained flat with no clear divergence, pointing to mixed momentum. RSI values varied between 48 and 56, staying within neutral territory and indicating a lack of overbought or oversold conditions. This implies that traders remain cautious and may be waiting for a breakout before committing to a directional move.

Bollinger Bands

Bollinger Bands showed moderate volatility with price hovering around the midline for much of the session. The upper band reached 0.01067 during the 10:45 ET candle, coinciding with a brief surge in volume. Price occasionally brushed the lower band, reaching as low as 0.01050, but did not fall below it. The bands remained relatively narrow, indicating a possible pre-breakout consolidation.

Volume and Turnover

Trading volume remained elevated between 04:00 and 12:00 ET, with the largest single 5-minute bar registering 458,560.0 units at 04:00 ET. This was accompanied by a notional turnover of $4,853.53, indicating strong liquidity and potential accumulation. Volume began to taper off after 13:00 ET, as price drifted sideways. No significant divergence was observed between price and volume, but this could shift if a break of key levels occurs.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 5-minute swing from 0.01050 to 0.01067, price found support at the 38.2% level around 0.01058 and tested the 61.8% level at 0.01064. These levels corresponded well with the observed consolidation, suggesting they are currently acting as psychological and technical anchors. No clear daily Fibonacci levels were identified due to limited daily data provided.

The market appears to be in a state of consolidation as traders await a directional catalyst. A break above 0.01067 could signal renewed buyer interest, while a decline below 0.01050 may bring in short sellers. Investors should remain cautious, as volatility remains moderate and trend signals are weak.