Summary
• Price tested key resistance at 0.01125–0.0113 before retracting.
• Volume surged during 21:45–22:00 ET, confirming a bullish reversal.
• RSI showed overbought conditions, suggesting possible pullback.
• Volatility expanded as price broke out of a 0.0111–0.01123 consolidation.
• Bollinger Bands widened, signaling increased uncertainty in the near term.
Quickswap/Tether (QUICKUSDT) opened at 0.0111 on 2026-01-01 12:00 ET, reached a high of 0.01166, and closed at 0.01099 by 12:00 ET on 2026-01-02, with a low of 0.01089. The 24-hour volume totaled approximately 31,045,843.0 and turnover stood at $343,625.75.
Structure & Formations
Price formed a bullish engulfing pattern around 0.01123–0.01127 during 21:45–22:00 ET, followed by a short-lived rally that found resistance near 0.0113. A bearish harami pattern emerged just before 06:00 ET, signaling possible exhaustion in the rally. Key support levels are forming around 0.01105 and 0.0109, which have shown multiple rejections.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed above 0.01119 during the morning hours, confirming a short-term bullish bias. However, the daily 200-period moving average remains below the current price, indicating a broader bearish trend could persist.
Momentum Indicators
The RSI approached overbought territory (68–70) during the late-night rally but has since declined into neutral territory (~55), suggesting potential for a correction. The MACD crossed above the signal line during the bullish breakout but has since flattened, indicating waning momentum.
Volatility and Bollinger Bands
Bollinger Bands expanded significantly during the breakout, reflecting heightened volatility. Price currently sits near the lower band at 0.01099, which could either suggest oversold conditions or a consolidation phase. Volatility may contract if the price remains within the 0.0109–0.0111 range over the next 24 hours.
Fibonacci Retracements
The most recent 5-minute swing from 0.01108 to 0.01166 saw price retrace to the 61.8% level at 0.01124, which acted as a key pivot area. Daily Fibonacci levels suggest 0.01134 (38.2%) as a near-term resistance and 0.01102 (61.8%) as a strong support to watch.
Price may test the 0.0113 resistance zone again in the next 24 hours if volume surges, but downside risks remain elevated if the 0.0110 support level is breached. Investors should closely monitor volume patterns for signs of follow-through or exhaustion.
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