Market Overview for Quickswap/Tether USDt (QUICKUSDT): 24-Hour Summary

• QUICKUSDT traded with a bullish bias in the overnight session, finding a short-term ceiling near $0.02625.
• Volume spiked during the 00:15–00:45 ET window, confirming early-morning strength ahead of a consolidation phase.
• RSI suggests mild overbought conditions at the session high, with a potential near-term correction in sight.
• Bollinger Bands expanded during the rally phase, signaling increased volatility consistent with breakout dynamics.
• The price closed lower in the final four hours, indicating bearish pressure entering the trading day.

Quickswap/Tether USDt (QUICKUSDT) opened at $0.0257 on 2025-09-05 at 12:00 ET and reached a high of $0.02625 by 00:15 ET on 2025-09-06. The pair closed at $0.02544 at 12:00 ET, after hitting a low of $0.02544. Total volume for the 24-hour period was 13,991,166.00 USDt, with a notional turnover of approximately $358,866. The price displayed a pronounced early-morning rally followed by a consolidation and pullback toward the close.

Structure & Formations

The 15-minute OHLC data reveals a clear bullish structure forming overnight, with a key breakout above the $0.02601 resistance level occurring around 00:15 ET. A bearish reversal pattern emerged between 02:15–08:45 ET, marked by a sequence of lower highs and lower closes, culminating in a bearish engulfing pattern at 08:45 ET. A bearish doji formed at 09:45 ET, indicating indecision among traders ahead of the 10:00 ET close.

The immediate support level appears at $0.02544–$0.02551, while the $0.02560–0.02561 range acts as a critical pivot zone for short-term buyers. On the higher timeframe, a descending triangle pattern is forming on the daily chart with a potential target at $0.02530–0.02540 if the current bearish trend persists.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above the price during the 00:15–01:15 ET window, reinforcing the bullish momentum. However, by the 08:00 ET hour, the 50-period MA had fallen below the 20-period MA, suggesting a potential trend reversal.

On the daily chart, the 50-period MA sits above the 100-period and 200-period MAs, indicating a mixed bearish-to-neutral bias. A crossover of the 50-period MA below the 100-period MA could signal further downside if the current bearish momentum continues.

MACD & RSI

The MACD line turned negative by 08:00 ET, aligning with the bearish price action observed in the morning hours. The MACD histogram showed a significant contraction after 02:00 ET, indicating waning bullish momentum. The RSI moved into overbought territory during the early rally (peaking at ~65) but has since declined to ~45, indicating a return to neutral territory.

The RSI divergence with the price during the 02:00–08:00 ET window suggests a potential correction is underway. If the RSI falls below 40 without a corresponding rebound in price, bearish continuation is likely.

Bollinger Bands

Bollinger Bands expanded during the 00:15–03:45 ET rally, consistent with the breakout and consolidation phase. The price remained within the upper band for nearly 4 hours, reinforcing the volatility expansion.

By 06:00–10:00 ET, the bands began to contract, indicating reduced volatility and a potential consolidation phase ahead. The price closed near the lower band at $0.02544, suggesting a short-term oversold condition.

Volume & Turnover

Volume spiked at 00:15 ET (amounting to ~1.15 million USDt) and again at 07:30 ET (~1.33 million USDt), confirming key price inflection points. However, the final 4 hours saw a sharp decline in volume, with the 09:15–10:00 ET candles trading at only ~64k–22k USDt, suggesting reduced conviction in the bearish move.

Notional turnover (volume × price) reached its peak at $96,666 during the 00:15 ET candle, indicating a significant liquidity spike in that period. Turnover has since declined significantly, with the 09:15–10:00 ET candles showing ~$1,600–$500 turnover, suggesting a potential exhaustion of selling pressure.

Fibonacci Retracements

Applying Fibonacci to the overnight rally from $0.02560 to $0.02625, the 38.2% retrace level (~$0.02598) provided a short-term resistance and pivot point. The 61.8% retrace level (~$0.02580) was breached during the consolidation phase, indicating a bearish shift.

On the daily chart, the recent swing low at $0.02560–$0.02570 is retesting the 38.2% retrace level of the prior rally from $0.02585 to $0.02625. A break below $0.02540 would confirm a 61.8% retrace and signal further bearish momentum.

Backtest Hypothesis

The described backtesting strategy involves entering a short position on a bearish engulfing pattern that forms after a 5% daily rally in the previous candle, confirmed by a closing price below the midpoint of the engulfing candle. The stop-loss is placed above the high of the engulfing pattern, and the target is set at the 38.2% Fibonacci retrace of the prior 5% move.

In the case of QUICKUSDT, the bearish engulfing pattern formed at 08:45 ET following a ~0.7% rally in the previous candle. The close of $0.02553 was below the mid-range of that candle, confirming the pattern. A short entry would have occurred at that close with a stop above $0.02557 and a target at $0.02551. The strategy appears to align with the subsequent bearish action observed in the 09:00–10:00 ET candles.