QUICKUSDT Market Overview – October 8, 2025

• Price fluctuated between $0.0234 and $0.02411, with a 0.12% gain on 24-hour close.
• Early bearish pressure followed by consolidation suggested indecision among traders.
• Volatility surged midday before stabilizing, with key support tested at $0.0236.
• RSI showed oversold conditions early, while MACD hinted at waning momentum.
• Turnover increased during breakouts, aligning with price direction.

Opening Summary

At 12:00 ET on October 7, 2025, the Quickswap/Tether (QUICKUSDT) pair opened at $0.02379 and traded within a range of $0.0234 to $0.02411 over the next 24 hours. It closed at $0.02393 on October 8, 12:00 ET, with total volume of 7,793,115.0 and turnover of $191,317.60. The session saw early bearish momentum, a midday retracement, and a late-day consolidation phase.

Structure & Formations

Price action revealed a bearish engulfing pattern from 16:00 to 16:15 ET on October 7, confirming short-term weakness. A key support level emerged at $0.0236 as the price tested it twice in the early hours of October 8 without breaking below. A bullish morning star pattern formed around 09:00 ET, indicating potential for a rebound. A doji at $0.02395 around 02:00 ET signaled indecision, followed by a recovery phase. The structure suggests a possible rangebound session ahead as buyers defend $0.0236 and sellers loom near $0.0240.

Moving Averages and Volatility

The 20-period and 50-period moving averages on the 15-minute chart oscillated around $0.0238–0.0239, with the price alternating above and below the 20-period line, suggesting short-term volatility. On the daily chart, the 50-period MA sat at $0.02385, while the 200-period MA hovered near $0.0239, indicating a neutral to slightly bullish bias in the longer term. Bollinger Bands showed a recent expansion after a contraction from 00:45 to 01:00 ET, with price sitting above the midline and approaching the upper band during the 14:00–14:30 ET breakout.

Momentum and Oscillators

The RSI indicator hit an oversold level of 28 at 00:00 ET on October 8, followed by a gradual climb to 53 by the close, suggesting easing bearish pressure. The MACD line crossed above the signal line around 09:00 ET, forming a bullish crossover, although the histogram remained small, signaling weak momentum. Divergence between price and RSI was noted during the 05:00–06:00 ET phase, where price continued to decline but RSI did not, hinting at a potential reversal. Momentum appears to be improving but remains fragile.

Volume and Turnover Dynamics

Volume surged to 2.18 million at 18:00 ET on October 7, coinciding with a sharp drop in price to $0.02363. Turnover spiked to $53,178.50 during that period, confirming the strength of the bearish move. A second volume spike of 1.74 million at 03:00 ET on October 8 marked a retracement phase with high turnover of $41,604.00. However, volume declined to an average of 300k–500k in the morning, suggesting a lull in trading activity. Price and turnover aligned well during the 14:00–14:45 ET bullish breakout.

Fibonacci Retracements

Fibonacci levels on the recent 15-minute swing (from $0.02363 to $0.02395) indicated 38.2% at $0.02377 and 61.8% at $0.02386. Price tested the 61.8% level twice, with a strong rejection on the second attempt. Daily Fibonacci levels for the $0.0234 to $0.02411 range showed key support at $0.0236 and resistance at $0.0239. The 50% retracement at $0.02375 was a minor pivot point for the session. These levels may continue to influence near-term price action.

Backtest Hypothesis

A potential backtesting strategy for this pair could focus on breakout entries off the 61.8% Fibonacci level and stop-loss orders below key support at $0.0236. The RSI and MACD crossover at 09:00 ET provided an early bullish signal, while the volume surge at 18:00 ET confirmed a bearish trigger. A trailing stop approach during consolidative phases could lock in gains during the 09:00–12:00 ET recovery. This strategy would require careful risk management, as volatility remains high and divergence periods can lead to false breakouts.