Market Overview for Quickswap/Tether (QUICKUSDT)

• Price dipped from 0.01947 to 0.01904 before rebounding to 0.01931
• RSI suggests oversold conditions in overnight hours, followed by mixed momentum
• Bollinger Bands tightened before a sharp move to the upper band midday
• Volume surged during the 06:00–09:00 ET rebound, but failed to confirm higher highs
• Fibonacci levels from the 0.01904 low suggest potential resistance near 0.01924–0.01935

24-Hour Summary

At 12:00 ET on October 28, 2025, Quickswap/Tether (QUICKUSDT) opened at 0.01926, reached a high of 0.01962, and a low of 0.01899, before closing at 0.01931 at 12:00 ET. Total volume over the 24-hour window was 11,049,815.0, with a notional turnover of $211,906.33, assuming USDT as the base.

Structure & Formations

The price action shows a distinct V-bottom formation from the 0.01904 low, with a sharp rally into the midday hours. Key support levels appear to form at 0.01904–0.01906 and 0.01913–0.01914. Resistance levels are evident at 0.01924–0.01926 and 0.01931–0.01935. A bullish engulfing pattern is visible near the 0.01906–0.01915 range, suggesting short-term bullish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into a bullish bias following the 0.01906 low. Price has remained above both averages since the rebound, indicating short-term strength. On the daily chart, the 50-period MA is at 0.01910, and the 200-period MA is at 0.01895, suggesting a neutral to slightly bullish bias in the broader context.

MACD & RSI

The MACD line turned positive after the 06:00 ET rebound and has remained in positive territory, with the histogram showing expanding bullish momentum. RSI bottomed at 24.3 around 03:45 ET before rising to 49.6 at the close. While not yet in overbought territory, RSI is approaching the midline, indicating moderate momentum.

Bollinger Bands

Volatility expanded significantly following the 06:00 ET rebound, with price reaching the upper band by 09:45 ET. A contraction in band width had occurred earlier in the morning, suggesting a period of consolidation. Price has since tested the upper band multiple times, with the last test at 0.01932 on October 28.

Volume & Turnover

Volume spiked during the 06:00–09:00 ET rebound, with the largest single 15-minute candle recording a volume of 1,794,670.0 and a turnover of $34,366.65. However, volume dipped after 09:45 ET despite higher prices, indicating potential exhaustion. The 08:30–09:45 ET period saw the most concentrated buying pressure, while volume weakened again during the 11:00–12:00 ET period.

Fibonacci Retracements

Applying Fibonacci to the 0.01904–0.01962 swing, the 38.2% retracement level is at 0.01931, which aligns with the 12:00 ET close. The 61.8% retracement is at 0.01948, acting as potential near-term resistance. The 50% level at 0.01933 is also a key area for near-term action.

Backtest Hypothesis

Given the observed RSI behavior and volume patterns, a potential backtest strategy would involve entries at RSI ≤ 30 and exits at RSI ≥ 70, as described. Given the current RSI of 49.6, a move into overbought territory could trigger a sell signal. A test of the 61.8% Fibonacci level (0.01948) may offer a natural target for such a strategy, assuming confirmation via volume and price action.