Market Overview for Quickswap/Tether (QUICKUSDT)

Summary
• Price action broke above 0.01300 after forming a bullish engulfing pattern near 0.01290.
• RSI climbed from oversold into neutral territory, while MACD showed bullish divergence.
• Volatility expanded as price surged 5.2% above the prior 24-hour close.
• Volume spiked during the final 4 hours, with turnover nearly doubling in the last 6 hours.
• Key resistance appears at 0.01320–0.01340, with support near 0.01280–0.01290.

Quickswap/Tether (QUICKUSDT) opened at 0.01282 on 2026-01-08 12:00 ET and closed at 0.01357 by 2026-01-09 12:00 ET, reaching a high of 0.01374 and a low of 0.01275. The 24-hour volume totaled 7,276,663.0 and turnover amounted to 97,826.12 USDT.

Structure & Formations

The price experienced a sharp rebound from the 0.01275 support level, with a bullish engulfing pattern forming between 0.01289 and 0.01293. This suggested a potential shift in sentiment. The 0.01300 level acted as a psychological hurdle that was decisively broken. A consolidation period followed, with 0.01320–0.01340 emerging as a key cluster of resistance.

Moving Averages

On the 5-minute chart, price closed above both the 20 and 50-period moving averages, indicating short-term bullish momentum. On a broader scale, the 50-period daily moving average is likely near 0.01290–0.01300, suggesting a potential alignment with current price levels.

MACD & RSI

The MACD turned positive during the final 6 hours of the period and showed a bullish divergence relative to price action. RSI climbed out of the oversold zone (below 30), reaching neutral levels around 50. This implies that the rally may still have room to extend before hitting overbought territory.

Bollinger Bands

Volatility expanded significantly during the late hours of the 24-hour window, with price reaching the upper Bollinger Band at 0.01374. The band width widened from approximately 0.00015 to 0.00040, indicating heightened market uncertainty. Price remains near the upper band, suggesting continued bullish pressure.

Volume & Turnover

Trading volume surged in the last 4 hours of the period, peaking at over 1.3 million tokens. Notional turnover mirrored this increase, rising from under 1,500 USDT to over 10,000 USDT in some 5-minute intervals. The alignment between volume and price direction reinforced the validity of the upward move.

Fibonacci Retracements

On the 5-minute chart, price extended beyond the 61.8% retracement level from the 0.01275–0.01374 swing, reaching 0.01357. This suggests the move may continue toward the 100% level at 0.01374 or beyond. On a daily timeframe, the 38.2% retracement of the recent major move aligns with the 0.01320 level, which was successfully cleared.

The market appears to be in a bullish phase, with strong volume and momentum indicators. However, volatility remains high, and a failure to hold above 0.01320 could trigger a short-term pullback. Investors may want to watch for confirmation above 0.01340 and potential resistance at 0.01374. As always, risk management is key due to the volatile nature of crypto markets.