Market Overview for Quickswap/Tether USDt (QUICKUSDT)

• Price dipped to 0.02485 but rebounded to close near 0.02506 at 12:00 ET
• Volume spiked midday on the downtrend, with bearish divergence
• RSI near 30 suggests oversold conditions, though momentum remains weak
• Bollinger Bands show moderate volatility with price near the lower band
• Engulfing and inside bars suggest indecision and potential trend reversal

At 12:00 ET on 2025-09-11, the pair opened at 0.02529, hit a high of 0.02557, a low of 0.02479, and closed at 0.02506. Over 24 hours, the total volume was 16,784,387.0 USDT, with a notional turnover of approximately $420,633. The 15-minute OHLCV data reveals a bearish bias through the midday with a potential countertrend rebound toward the close.

Structure & Formations

The 24-hour period showed a distinct bearish reversal pattern from midday, with a key support level identified near 0.02485. A bearish engulfing pattern formed around 19:30 ET, followed by a series of inside bars and doji suggesting indecision. Price found a temporary bottom near 0.02485 but rallied to close near 0.02506, forming a bullish reversal pattern at the end of the session. These candlestick formations may indicate a short-term reversal in momentum and potential bullish continuation if 0.02514 is cleared.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both remained above price for most of the session, reinforcing a bearish bias. However, the 20 SMA crossed below the 50 SMA near the close, forming a potential bullish crossover. On the daily chart, the 50/100/200 EMA lines appear to have aligned in a bullish formation, indicating a possible continuation of the recent recovery trend.

MACD & RSI

The MACD line showed a bearish divergence in the early part of the session, but by the close, the histogram was turning positive, suggesting a shift in momentum. The RSI dropped below 30 by 19:30 ET and remained in oversold territory, signaling potential for a rebound. This overbought-to-oversold shift, combined with a rising MACD, may indicate an imminent upward correction.

Bollinger Bands

Volatility expanded during the midday selloff, with price hitting the lower band at 0.02485. Price then moved above the midline of the bands, suggesting a potential countertrend recovery. The narrowing of the bands in the final hours may indicate a consolidation phase ahead of a breakout attempt. Investors should monitor whether the upper band is tested in the next 24 hours.

Volume & Turnover

Volume spiked sharply during the midday decline, reaching a peak of 1,034,463 USDT. However, the corresponding price decline did not match the volume surge, indicating bearish divergence. In the final hours, volume decreased slightly, but the price moved higher, showing confirmation of a potential reversal. The total notional turnover of $420,633 suggests moderate trading interest but lacks confirmation of a strong trend continuation.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.02557 to 0.02485, price found support near the 61.8% level (~0.02512) and bounced. On the daily chart, the 38.2% retracement level (~0.02522) held during the afternoon rally, indicating potential for a further rebound. Traders may watch the 61.8% and 78.6% levels for signs of a continuation or reversal.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions near the 61.8% Fibonacci retracement level (0.02512) when RSI dips below 30 and volume starts to confirm with a positive divergence. A stop-loss could be placed just below the last confirmed support near 0.02485, while the take-profit target might align with the 50% and 38.2% levels on the daily chart. This setup, while speculative, aligns with the observed price behavior and could serve as a testable short-term reversal strategy.