Quickswap/Tether Market Overview

Summary
• Price declined from 0.01729 to 0.01714 amid mixed momentum and high volatility.
• RSI and MACD signaled potential exhaustion after a sharp rebound in the last 6 hours.
• Volume surged in early morning ET, but failed to confirm bullish intent.
• Key support appears at 0.01713, with resistance near 0.01728.
• Recent candlestick patterns indicate consolidation with potential for a reversal.

Quickswap/Tether (QUICKUSDT) opened at 0.01729 on 2025-11-12 at 12:00 ET and closed at 0.01714 on 2025-11-13 at 12:00 ET. The 24-hour range was between 0.01713 and 0.01738. Total volume amounted to 23,932,311.0, with a notional turnover of approximately USD 414,404.08 (calculated using closing price and volume).

The pair appears to be consolidating within a descending triangle pattern, with the 20-period moving average currently below the 50-period line, signaling short-term bearish bias. A recent spike in volume early in the morning (ET) suggests a potential turning point, but subsequent price action failed to follow through. This may indicate a lack of conviction in the upward direction.

Bollinger Bands have recently widened following a period of contraction, suggesting a shift in volatility. Price currently resides near the lower band, which could signal oversold conditions, but RSI has not yet crossed the 30 threshold. MACD remains below the signal line, with a narrowing histogram suggesting weakening momentum. Fibonacci retracement levels at 0.01721 (38.2%) and 0.01716 (61.8%) appear to be key psychological levels where the price may find support or resistance in the next 24 hours.

Looking ahead, a break above 0.01728 could re-ignite bullish momentum, but a retest of 0.01713 remains a risk. Investors should monitor volume for confirmation of either scenario.

Backtest Hypothesis
The proposed backtesting strategy aims to evaluate the effectiveness of the “Morning Star” candlestick pattern as a predictive indicator for short-term price reversals. By analyzing raw OHLC price data, we can programmatically detect the formation of the pattern and assess its performance over a three-day holding period. This approach allows for a data-driven evaluation of the pattern’s reliability in the QUICKUSDT pair. To implement this, we would either re-query a different technical-indicator vendor or run a pattern detector on raw price data to identify historical Morning Star events. Once identified, the strategy could be tested for profitability, win rate, and risk-adjusted returns. This hypothesis is directly relevant to the recent price behavior observed and could offer actionable insights for pattern-based traders in the near term.