Market Overview: Quickswap/Tether (QUICKUSDT) 24-Hour Analysis

• Price dropped from $0.02043 to $0.01995 over 24 hours on elevated volume.
• Bearish momentum visible in RSI and MACD divergence as price hit 61.8% Fibonacci support.
• Volatility expanded as price moved ~$0.0005 below 20-period MA, signaling potential continuation.
• Bollinger Band contraction noted in early hours followed by strong price breakout.
• High-volume breakdown below key support at $0.02000 raises risk of further bearish follow-through.

Quickswap/Tether (QUICKUSDT) opened at $0.02043 on 2025-09-25 at 12:00 ET and closed at $0.01995 on 2025-09-26 at 12:00 ET, with a high of $0.02043 and a low of $0.01970. Total volume traded was ~7.6 million, and notional turnover reached approximately $154,698. The pair appears to have broken down decisively from a key consolidation range.

Structure & Formations

The price formed a bearish engulfing pattern around the 17:00–18:00 ET window, signaling a shift in momentum to the downside. A key 61.8% Fibonacci support level at $0.02000 was tested multiple times, eventually giving way to bearish continuation. A large bearish candle at 18:00 ET confirmed the breakdown, with volume spiking to over $3.5 million. The pair then found a temporary floor at $0.01995—now a potential short-term support. A doji formed near this level, suggesting indecision but no immediate reversal.

Moving Averages

On the 15-minute chart, the 20-period MA (around $0.02020) is below the 50-period MA, both trending lower—supporting a bearish bias. For daily charts, the 50-day MA appears above the 200-day MA, but the current price is below both, indicating a bearish crossover. The 100-day MA is also below the 50-day, reinforcing the downtrend.

MACD & RSI

MACD turned negative with a bearish crossover and remains below zero, confirming bearish momentum. RSI has dipped below 30, suggesting oversold conditions, but divergence in the indicator hints at limited upside potential in the near term. RSI is not yet a strong buy signal, and momentum remains firmly on the bearish side.

Bollinger Bands

Bollinger Bands showed contraction in the early hours of the session, followed by a volatility expansion after the breakdown at $0.02000. Price closed at the lower band on the 24-hour chart, a sign of bearish exhaustion. The mid-band is currently around $0.02010, and price remains below this level, indicating potential continuation.

Volume & Turnover

Volume surged at the time of the breakdown at $0.02000, particularly during the 18:00–19:00 ET window, confirming the move with strong notional turnover. Notable divergence occurred later in the session, where volume dropped despite minor price bounces—suggesting limited follow-through from short-covering or buyers. Total volume was ~7.6 million, with a notional turnover of ~$154,698, indicating average liquidity and moderate interest.

Fibonacci Retracements

Recent 15-minute swings show the pair has dropped to 61.8% retracement of the 0.02010–0.02043 range, now around $0.02000, and failed to hold that level. Daily Fibonacci levels indicate a possible next support at $0.01970 and resistance at $0.02035, depending on the next leg of movement. The 38.2% retracement is now a potential intermediate target if a rebound occurs.

Backtest Hypothesis

A potential backtest strategy involves entering a short position on a break below key support at $0.02000, confirmed by a closing candle below the level and increasing volume. A stop-loss could be placed just above the 61.8% retracement at $0.02008, with a target set at the 38.2% retracement of the downtrend at $0.01980, or potentially $0.01970. If a reversal forms near $0.01995 (e.g., bullish engulfing or hammer), a long entry could be considered with a stop below a recent low. This strategy relies on volume confirmation, RSI divergence, and Bollinger Band direction for trade entries and exits.