Summary
• Price action showed bearish breakdowns followed by a strong recovery, suggesting a potential reversal setup.
• Volume spiked during the rebound, confirming bullish momentum, though RSI remains neutral.
• Bollinger Bands indicate moderate volatility with price hovering near the upper band during key upswings.
• A bullish engulfing pattern emerged near the 0.0103 level, signaling possible short-term buying interest.
• Fibonacci retracements highlight 0.01028 and 0.01033 as key psychological levels to watch in the next 24 hours.
Quickswap/Tether (QUICKUSDT) opened at 0.01063 on 2025-12-18 12:00 ET, touched a high of 0.01068 and a low of 0.00986 before closing at 0.01034 on 2025-12-19 12:00 ET. Total volume was 10,233,723.0, with notional turnover at $105,472.
Structure & Formations
The price displayed a bearish breakdown from key resistance near 0.01068, but a strong rebound from 0.01008 to 0.01056 indicated a potential reversal.
A bullish engulfing pattern emerged around the 0.0103 level, suggesting accumulation by buyers. Support at 0.01008 and resistance at 0.01061 were key during the 24-hour period.
Moving Averages and Momentum
Short-term moving averages (20/50) crossed over multiple times during the session, with the 50-period line trending upward late in the session. MACD remained in positive territory with narrowing divergence, indicating potential exhaustion in the current rally. RSI showed no overbought or oversold conditions, staying within 30–60 range, suggesting balanced buying and selling pressure.
Volatility and Bollinger Bands
Bollinger Bands reflected moderate volatility, with the price frequently touching the upper band during the recovery phase. The recent contraction in the bands around 0.01025–0.01029 suggests a possible breakout is imminent.
Volume and Turnover
Volume surged during the 0.01008–0.01056 rebound, confirming the price action. Notional turnover spiked during the 0.0104–0.01065 range, indicating strong participation from both buyers and sellers. Divergence between price and volume was minimal, reinforcing the reliability of the rebound pattern.
Fibonacci Retracements
Fibonacci levels on the key 0.01008–0.01068 swing highlight 0.01028 (38.2%) and 0.01033 (61.8%) as critical zones. The price closed near the 61.8% retracement level, suggesting potential consolidation or a pullback.
The next 24 hours may see a test of the 0.01033–0.01040 range, depending on order flow. Investors should remain cautious of a potential pullback should volume weaken or RSI enter overbought territory.
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