Market Overview for Quickswap/Tether (QUICKUSDT): October 3, 2025

• Price tested key resistance levels before consolidating near 0.0241, with a 24-hour high of 0.02464.
• RSI suggests moderate momentum with no overbought or oversold conditions, while MACD remained neutral.
• Volatility expanded during the Asian session, with high-volume surges around 0.0242–0.0244.
• Bollinger Bands showed price reversion toward the midline, suggesting range-bound bias.
• On-balance volume confirmed price movements, with no significant divergence observed.

24-Hour Summary

Quickswap/Tether (QUICKUSDT) opened at 0.02362 on October 2, 2025 (ET), and closed at 0.02407 on October 3, 2025 (ET). The 24-hour high was 0.02464, and the low was 0.02362. Trading volume reached 18,383,007, with total turnover (notional value) at approximately $451,956. The pair showed a range-bound bias with a late-day rally into the Asian session.

Structure & Formations

Price action formed a series of ascending and descending consolidation patterns, particularly notable in the 15-minute chart after 03:00 ET. A bullish engulfing pattern occurred around 03:15–03:30 ET, which briefly pushed the price to a new intra-day high. A doji near 0.02406 at 04:45 ET indicated indecision and a possible short-term reversal. Key support levels were observed at 0.0239–0.02395, while resistance clustered around 0.0242–0.0243.

Moving Averages

Short-term momentum on the 15-minute chart suggested price was above both the 20-period and 50-period moving averages for most of the day, indicating a bearish bias in the immediate term. On the daily chart, the price remained below both the 50-period and 200-period moving averages, reinforcing a longer-term range-bound to slightly bearish bias.

MACD & RSI

The MACD line remained below the signal line for most of the day, indicating a lack of sustained bullish momentum. However, a minor crossover occurred near 03:30 ET, coinciding with a short-lived bullish thrust. RSI hovered between 40 and 60 for most of the 24-hour period, suggesting neutral to moderate momentum without extreme overbought or oversold conditions.

Bollinger Bands

Volatility increased significantly during the Asian session, with the Bollinger Bands widening after 03:00 ET. Price action tested both the upper and lower bands several times, showing signs of reversion toward the midline. This behavior supports a sideways bias with a possible breakout attempt to the upside as volume picked up.

Volume & Turnover

Trading volume peaked sharply at 18,383,007 during the Asian session at 15:45 ET, coinciding with a price high of 0.02464. Notional turnover (turnover) surged during the same period, aligning with the price action, suggesting genuine buying pressure rather than wash trading. The volume profile supported the price rally as buyers appeared to accumulate during the upward thrust.

Fibonacci Retracements

Fibonacci retracement levels for the key 15-minute swing (0.02362–0.02464) indicated support at 0.02397 (38.2%) and resistance at 0.02423 (50%). Price consolidated around the 50% level before retreating, suggesting limited conviction in the upside. Daily Fibonacci levels were less impactful, with the pair staying within a broader trading range.

Backtest Hypothesis

The backtest strategy focuses on identifying key candlestick formations (e.g., bullish engulfing, doji) at or near Fibonacci retracement levels, combined with increasing volume and RSI neutrality. The hypothesis is that these signals, when aligned with MACD crossovers and Bollinger Band expansions, can be used to enter short-term trades with defined risk levels. Given today's conditions—particularly the bullish engulfing pattern at 03:15 ET and RSI neutrality—the strategy would have triggered a long entry at that point, with a stop loss below 0.0239 and a target at 0.0242–0.0243.