Market Overview for Quickswap/Tether (QUICKUSDT) on 2026-01-16

Summary
• Price declined from 0.0134 to 0.01326, forming bearish engulfing patterns after midday ET.
• Volume surged during the 08:00–09:00 ET window, confirming the downward breakout.
• RSI dipped to oversold territory below 30, while MACD remained bearish with no clear divergence.
• Price consolidated near 0.0131–0.0132, suggesting a potential bounce or continuation.

Price and Volume Performance

Quickswap/Tether (QUICKUSDT) opened at 0.01338 at 12:00 ET − 1 and traded between 0.01346 and 0.01285 before closing at 0.01338 at 12:00 ET. The total volume reached 3,833,390, with a notional turnover of $51,191.77.

Structure and Momentum

Price action showed a bearish shift after a key 5-minute bearish engulfing pattern formed at 0.0131, followed by a strong move to 0.01308. The RSI dipped below 30, signaling oversold conditions, while the MACD remained negative with no clear momentum reversal.

Volatility and Consolidation

Volatility expanded during the early ET hours, with a high of 0.01346 and a low of 0.01308. Price later consolidated within the 0.0131–0.0132 range, suggesting a potential pause or reversal if buyers defend key support levels.

Forward-Looking Implications

The current structure may see a short-term bounce or consolidation above 0.0131 before resuming downward pressure. A break of the 0.01338 level could trigger short-covering and a temporary rebound, but bearish momentum remains intact. Investors should monitor volume divergence and RSI for early signs of reversal, with caution warranted in the next 24 hours.