Summary
• Price tested key support at $0.0108 before rebounding, suggesting short-term resilience.
• Volume surged during late afternoon ET, confirming a bearish shift but remaining mixed in the final hours.
• RSI moved into oversold territory near 30, hinting at a potential short-term bounce.
• Bollinger Bands showed a modest contraction, indicating possible consolidation ahead.
Quickswap/Tether (QUICKUSDT) opened at $0.01099 on 2025-12-15 at 12:00 ET, reached a high of $0.01104, a low of $0.01070, and closed at $0.01102 as of 12:00 ET on 2025-12-16. Total volume was 10,166,684.0, while notional turnover amounted to $111,799.00 over the 24-hour window.
Structure & Formations
Price carved a distinct intraday bearish pattern after 18:00 ET, with a series of lower highs and lower lows.
A recovery from the 0.01080 support level suggested short-term buyers entered, forming a potential bullish reversal structure. A notable bearish engulfing pattern emerged at 21:30 ET, reinforcing downward momentum.
Moving Averages
On the 5-minute chart, price closed above the 20-period MA but below the 50-period MA, suggesting a mixed near-term signal. The daily chart showed a bearish bias with price sitting well below the 50, 100, and 200-period MAs, signaling continued pressure.
MACD & RSI
The MACD crossed below the signal line during the afternoon ET, confirming bearish momentum. RSI dipped into oversold territory (30 level) by early morning ET, hinting at a potential bounce but not yet showing a strong reversal signal.
Bollinger Bands
Volatility remained moderate, with price staying within the bands. A slight contraction in band width occurred overnight, suggesting a potential breakout or breakout failure ahead.
Volume & Turnover
Volume spiked during the late afternoon and early evening ET, confirming bearish momentum. Turnover aligned with price action during the decline, indicating no divergence. Final hours saw volume taper off, which could signal a pause in the move.
Fibonacci Retracements
Key retracements from the recent 5-minute swing identified 0.01093 as the 38.2% level and 0.01083 as the 61.8% level. Price bounced near the 61.8% level, suggesting short-term buyers could re-enter the market.
The market appears to be consolidating after a bearish wave, with buyers testing key support levels. A continued move below 0.01080 could invite further downside, while a retest of the 0.01100 level could trigger short-covering. Investors should remain cautious of thin volume and potential for a false breakout in the next 24 hours.
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