Summary
• Price fluctuated within a tight range amid moderate volume, testing resistance near 0.01313 and support near 0.01281.
• A bearish divergence in RSI suggests weakening bullish momentum despite a rebound in the final hours.
• Volatility expanded briefly in the late night session, with a 5.1% price range, but closed near the middle of the bands.
• Volume spiked during the 20:00–21:00 ET period, coinciding with a failed attempt to break above 0.01314.
• A bullish engulfing pattern emerged near 0.01295 but failed to follow through, hinting at indecision among buyers.
24-Hour Snapshot
At 12:00 ET–1 on 2026-01-06, Quickswap/Tether (QUICKUSDT) opened at 0.01293 and traded between 0.01317 and 0.01281 before closing at 0.01294 by 12:00 ET. Total volume was 19,654,565.0 and notional turnover reached 256,162.19 during the 24-hour period.
Structure and Trends
Price action remained range-bound between key support at 0.01281 and resistance at 0.01314, with multiple attempts to break out failing. A small bearish engulfing pattern at 0.01311–0.01313 and a bullish engulfing pattern near 0.01295–0.01302 suggested conflicting sentiment. A doji at 0.01296 and another near 0.01311 signaled indecision and potential turning points.
Momentum and Indicators
MACD remained in negative territory for most of the session, with a slight positive crossover in the final hours, but it failed to confirm a strong reversal. RSI crossed into overbought territory twice during the night session but quickly reversed, forming a bearish divergence that may indicate a potential pullback.
Bollinger Bands showed a modest expansion as price fluctuated between the upper and lower bands, with volatility peaking between 20:00 and 22:00 ET. Price closed near the middle of the bands, suggesting consolidation ahead of a potential breakout.
Volume and Turnover
Volume was moderate overall but spiked in the late evening and early night hours, particularly between 20:00 and 21:00 ET, coinciding with a failed rally to 0.01314. Notional turnover mirrored volume patterns, confirming the key price action around resistance. However, a divergence was observed between price and turnover during the late-night rebound, which may indicate weakening conviction.
Key Levels and Fibonacci
A recent 5-minute swing from 0.01281 to 0.01317 aligns with Fibonacci levels at 38.2% (0.01302), 50% (0.01299), and 61.8% (0.01296). Price found temporary support at the 61.8% level but failed to hold the 38.2% level during the final rebound. On the daily chart, the 50-period SMA at 0.01295 and 100-period SMA at 0.01298 appear to conflate with the 61.8% retracement, suggesting a critical level to monitor.
Outlook and Risk
The path of least resistance appears to be downward, with bearish momentum and a bearish divergence in RSI suggesting a potential test of 0.01281 support in the next 24 hours. However, a strong rejection below 0.01291 or a sustained close above 0.01314 could signal a shift in sentiment. Investors should watch for a breakout or breakdown with confirmation in volume and price action.
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