Market Overview: Quickswap/Tether (QUICKUSDT) – 24-Hour Technical Breakdown

• Price dropped sharply to 0.0069 from 0.0236 in under 90 minutes, signaling extreme bearish momentum.
• Volatility spiked as Bollinger Bands widened, with volume surging past 17M at 21:30 ET.
• RSI hit oversold territory (<20) by 00:00 ET, but price failed to rebound meaningfully. • Key support tested at 0.0162–0.0175 range, with bullish consolidation forming in the final 6 hours. • A potential reversal pattern is forming near 0.0180, supported by rising volume and narrowing price range.

The 24-hour trading period for Quickswap/Tether (QUICKUSDT) began at 0.02356 and closed at 0.01808 by 12:00 ET on October 11, 2025, with a high of 0.02369 and a low of 0.00613. The pair experienced a dramatic decline, particularly between 21:30 and 21:45 ET, where price collapsed to 0.0069, driven by a massive volume spike of 13,327,552. Total notional turnover for the 24-hour window was approximately $493.4 million, with volume totaling 83.5 million tokens traded.

Structure & Formations

The candlestick pattern formed during the rapid drop shows a bearish collapse with a long lower shadow, indicative of panic selling. A doji appeared at 21:45 ET, suggesting indecision. Key support levels at 0.0162, 0.0175, and 0.0185 were tested, with the most recent bullish bounce forming between 00:00 and 12:00 ET. A potential bullish engulfing pattern is forming near 0.0180 as buyers re-enter the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs are both trending downward, but the price has crossed above the 20-period line in the last 6 hours, signaling a potential short-term recovery. Daily moving averages (50, 100, 200) remain bearish, suggesting the longer-term trend is still down. However, the recent price action may be forming a base for a potential retest of the 0.0180 level.

MACD & RSI

The RSI indicator dipped below 20 during the early hours of October 11, indicating oversold conditions. However, the price failed to generate a significant rebound, suggesting bearish exhaustion may not yet be complete. The MACD crossed into negative territory and remained bearish for much of the session, but the recent cross above the signal line indicates a short-term reversal may be forming.

Bollinger Bands

Volatility expanded dramatically around 21:30 ET as the price collapsed into a tight range near 0.0069. Bollinger Bands widened significantly, and the price moved far below the lower band, indicating extreme volatility. Since 00:00 ET, volatility has contracted, with the price hovering near the center band, suggesting a consolidation phase. A breakout above the upper band at 0.0185 could signal renewed bullish momentum.

Volume & Turnover

The largest volume spike occurred at 21:30 ET with a turnover of $13.3 million, as the price dropped to 0.0069. This was followed by a massive notional turnover of $46.7 million at 04:00 ET as buyers entered at 0.0175. The final 6 hours showed a steady increase in volume with no major divergence between price and turnover, suggesting the recent bullish movement is supported by genuine buying interest.

Fibonacci Retracements

Applying Fibonacci levels to the sharp decline from 0.02369 to 0.00613, key retracement levels at 0.0162 (38.2%), 0.0176 (50%), and 0.0185 (61.8%) have all been tested. The recent bounce at 0.0180 aligns closely with the 61.8% level, which may now serve as dynamic support. A retest of 0.0185 could confirm a short-term reversal.

Backtest Hypothesis

A potential backtest strategy involves entering a long position when price closes above the 61.8% Fibonacci retracement level with confirmation from a bullish engulfing pattern and rising volume. Stop-loss could be placed just below 0.0162, with a take-profit target at 0.0185 and a second target at 0.0195 if the consolidation phase holds. This strategy would aim to capitalize on the short-term bullish setup while managing risk within the defined support and resistance zones.