Quickswap/Tether Market Overview – 2025-11-01

• Price declined from 0.01818 to 0.01826 in 24 hours, showing a bullish reversal in late ET.
• RSI suggests moderate momentum with no overbought/oversold signals.
• Volume surged in the final 6 hours, aligning with the upward price move.
• Bollinger Band contraction followed by expansion confirmed a breakout.
• Fibonacci retracement levels suggest potential resistance near 0.01836.

Quickswap/Tether (QUICKUSDT) opened at 0.01809 on 2025-10-31 at 12:00 ET and closed at 0.01826 on 2025-11-01 at 12:00 ET, with a high of 0.01836 and a low of 0.01752. The 24-hour trading session recorded a total volume of 14,475,960.0 and a notional turnover of 260.87 USD. The price action shows a clear reversal in the latter half of the session, supported by increasing volume and upward price momentum.

The structure of the 24-hour 15-minute chart reveals a bearish breakdown in the early hours, reaching a low of 0.01752, followed by a sharp rebound and a series of higher highs and lows from 2025-11-01 at 02:00 ET onward. Key support levels were identified around 0.01770, which held firm during the downtrend, and a potential resistance zone emerged near 0.01830–0.01836, marked by a failed candle on 11:15 ET. A notable bullish engulfing pattern formed during the 11:15–12:00 ET window, which may indicate a potential short-term reversal. A morning doji was also observed between 05:45 and 06:00 ET, suggesting indecision before the upward move.

The 20-period and 50-period moving averages on the 15-minute chart remained bullish during the final 8 hours, with price staying above both lines. RSI moved into neutral territory, showing moderate momentum and no signs of exhaustion. MACD crossed into positive territory during the 10:30–11:15 ET window, confirming the bullish momentum. Bollinger Bands contracted during the consolidation phase between 03:00 and 06:00 ET before expanding as price broke out, suggesting increased volatility aligned with the upward trend. Price closed above the upper band, indicating strong upside pressure.

Fibonacci retracement levels on the 15-minute swing from 0.01752 to 0.01836 suggest a potential pullback could find support at 0.01814 (38.2%) and 0.01801 (23.6%), while resistance could be encountered at 0.01825 (61.8%) and 0.01830 (78.6%). On the daily chart, the 50/100/200-period moving averages are aligned in a bullish formation, indicating a longer-term bias toward upside.

Backtest Hypothesis

The Morning-Star candlestick pattern is a potential entry signal for short-term trading strategies. The dataset for QUICKUSDT suggests that the pattern could be observed in the 11:15–12:00 ET window, where a small-bodied candle followed a large bearish body and was then followed by a bullish candle. This setup might have provided an early indication of the subsequent upward reversal. A backtest could involve entering long on the close of the confirmation candle with a stop-loss just below the low of the bearish body and a take-profit at the 0.01836–0.01840 range. This approach would test the predictive power of the pattern in a low-latency, high-volume environment.