Quickswap/Tether Market Overview

• Price rose from $0.02046 to $0.02224 on strong late-day buying.
• MACD and RSI signaled bullish momentum with no overbought signs yet.
• Volatility expanded as price moved outside upper Bollinger Bands for much of the session.
• High-volume divergence flagged during pullbacks suggests strong demand.
• Fibonacci levels at $0.02173 and $0.02210 served as key pivot zones.

Quickswap/Tether (QUICKUSDT) opened at $0.02046 on 2025-09-30 12:00 ET and closed at $0.02224 at 2025-10-01 12:00 ET. The price reached a high of $0.02231 and a low of $0.02038, with a 24-hour volume of 10.96 million and a notional turnover of $237,778. The session featured a sharp rally in the early afternoon, driven by volume spikes and a break above key Fibonacci levels.

Structure & Formations

The 24-hour chart displayed a bullish reversal pattern around $0.02050 as buyers re-entered after a brief consolidation phase. A hammer-like candle formed at $0.02072 and was followed by a bullish engulfing pattern at $0.02091. Key support levels were identified at $0.02072 and $0.02050, while resistance emerged at $0.02173 and $0.02210. A doji at $0.02194 marked a moment of indecision before the final upward thrust.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, signaling a short-term bullish bias. Daily moving averages showed a similar trend, with the 50-period MA at $0.02133 and the 200-period MA at $0.02102. This suggests that the price is gaining traction above its key medium-term trend lines, which could indicate a continuation of upward momentum.

MACD & RSI

The 15-minute MACD showed a positive crossover and remained above zero, reflecting sustained bullish momentum. The RSI climbed into the 55–65 range, indicating growing buying pressure without reaching overbought territory. These indicators suggest that the rally is being supported by strong short-term conviction, though a break above $0.02231 would be needed to confirm a stronger uptrend.

Bollinger Bands

The price spent much of the session outside the upper Bollinger Band, with volatility expanding sharply after 14:00 ET. A contraction earlier in the session, seen between 02:00 and 04:00 ET, provided a setup for the breakout. The bands widened as the price surged, indicating a period of strong directional bias and potential for continuation in the near term.

Volume & Turnover

Volume spiked significantly during the 14:00 to 16:00 ET window, coinciding with the price breakout above $0.02210. The total notional turnover was aligned with the volume increase, showing no divergence. A sharp volume contraction was noted between 02:00 and 04:00 ET, suggesting a period of consolidation before the final upward move. The buying pressure remains strong, supported by increasing order flow.

Fibonacci Retracements

Key Fibonacci levels for the 15-minute swing were at $0.02173 (38.2%), $0.02210 (50%), and $0.02246 (61.8%). The price found support at $0.02173 before breaking through to test $0.02210. On the daily chart, the 50% Fibonacci level at $0.02172 acted as a pivotal level, which the price decisively moved above. These levels indicate a high probability of continued bullish momentum in the short term.

Backtest Hypothesis

The backtesting strategy is based on the convergence of the 20-period and 50-period MAs on the 15-minute chart as an entry signal, combined with confirmation from the RSI and volume. A long position would be triggered on the close of the candle where the 20 MA crosses above the 50 MA, provided the RSI is in the 50–60 range and volume shows a significant increase. A stop-loss is placed at the recent swing low, and a take-profit is set at the nearest Fibonacci resistance level. This approach is designed to capitalize on short-term bullish momentum while minimizing exposure to false breakouts.