QUICKUSDT Market Overview for 2025-10-18

• Price drifted higher in early morning session before consolidating near session highs
• Volatility expanded through 07:00-10:00 ET with 0.00037 range extensions
• Turnover surged 3x during 07:15-08:15 ET breakout attempt
• 0.0180-0.0181 zone showing strong consolidation after 14:00 ET
• No clear break above 0.0183 resistance despite increased volume

At 12:00 ET-1, Quickswap/Tether (QUICKUSDT) opened at 0.01763, drifting to a 24-hour high of 0.01845 before settling at 0.01807 at 12:00 ET. The pair traded between 0.01763 and 0.01845 during the period, with total volume of 41,006,603 and notional turnover of $734,164.

Structure & Formations

The 15-minute chart shows a series of bullish consolidation patterns forming between 0.0178-0.0183, with a key resistance level forming around 0.01835-0.0184. A series of higher lows developed from 06:00 ET onward, indicating short-term buyers have entered the market. A potential ascending triangle pattern is forming from 06:00-08:00 ET, which could indicate a continuation higher if the upper boundary at 0.01845 is tested again. A bearish engulfing pattern formed at 06:45 ET, suggesting some short-term profit-taking, but it was quickly reversed.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are converging upward, with price hovering just above the 50-period line. This suggests a moderate bullish bias in the near term. On the daily timeframe, the 50-period moving average is approaching the 200-period line, which may suggest a potential confluence area for support/resistance in the coming days.

MACD & RSI

The MACD histogram has shown mixed momentum, with a positive divergence developing in the early morning session followed by a negative divergence in the afternoon. RSI remains in overbought territory during the 07:00-09:00 ET window, suggesting the pair may consolidate in the near term despite the recent strength.

Bollinger Bands

Volatility expanded significantly between 07:00-10:00 ET, with price moving from the lower band to near the upper band. This expansion suggests increased market activity and potential for a breakout. Price is currently consolidating around the middle band, which could indicate a potential reversal or continuation pattern depending on volume confirmation.

Volume & Turnover

Volume spiked 3x above the 4-hour average during 07:15-08:15 ET, coinciding with a strong upward move. This volume confirmation supports the legitimacy of the price action during this period. However, the lack of follow-through volume after 08:30 ET suggests the bullish momentum is weakening. Notional turnover followed a similar pattern, rising sharply during the breakout attempt before tapering off.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from 0.01763 to 0.01845, the 38.2% retracement level at 0.01818 and 61.8% at 0.01806 appear to be critical support zones. Price tested the 61.8% level twice in the afternoon session, failing to break below both times. These levels could determine the short-term direction if the market tests them again in the coming 24 hours.

Backtest Hypothesis

The lack of RSI data for QUICKUSDT has created a data dependency issue for backtesting. This underscores the importance of confirming the correct ticker format (e.g., BINANCE:QUICKUSDT) and ensuring the data source is properly configured. Given the current momentum indicators, a backtest using RSI(14) with a 70/30 overbought/oversold threshold could generate buy signals around key Fibonacci support levels if the data becomes available. The strategy would also benefit from volume confirmation to avoid false breakouts.