QUICKUSDT Market Overview: Volatility and Momentum Shifts on 2025-11-09

Summary
• Price declined sharply overnight to 0.01738 before staging a modest recovery.
• Momentum indicators show fading buying interest despite price rebound.
• Volume surged during the early morning selloff but has since moderated.

Quickswap/Tether (QUICKUSDT) opened at 0.01771 at 12:00 ET-1, surged to a high of 0.01792, and bottomed at 0.01721 before closing at 0.01762 at 12:00 ET. Total traded volume reached 16,492,780.0, with a notional turnover of approximately $288,964 (based on volume and average price). The 24-hour session was marked by sharp volatility, with a significant overnight pullback and a late-day recovery attempt.

Structure & Formations

The candlestick pattern formed after the overnight selloff resembles a bullish hammer at 0.01738–0.01721, suggesting short-term buyers attempted to stabilize the price. However, the following session showed bearish continuation with a long upper wick from 0.01778 to 0.01788. Resistance is forming around 0.01784–0.01788, while key support appears to be 0.01755–0.01760, where price has bounced twice. A doji near 0.01746 at 09:00 ET signals indecision, indicating potential for consolidation or a breakout.

Moving Averages

On the 15-minute chart, the 20-period SMA (0.01763) and 50-period SMA (0.01766) both crossed above the price in the morning, indicating a possible short-term bullish bias. On the daily timeframe, the 50-period SMA (0.01765) and 200-period SMA (0.01762) show the price is consolidating near its 200-day average. This suggests sideways movement is likely unless a breakout occurs above 0.01784 or below 0.01755.

MACD & RSI

The MACD line crossed below the signal line in the morning, indicating bearish momentum. RSI dipped below 30 during the overnight selloff, reaching a low of 28, signaling oversold conditions. However, the rebound has only brought RSI back to 48, suggesting a weak recovery. Momentum appears to be favoring the bears, with MACD and RSI confirming the recent weakness.

Bollinger Bands

Price touched the lower Bollinger Band at 0.01738, suggesting oversold conditions. During the morning rebound, it moved into the middle band but failed to break above the upper band (0.01784–0.01788). The Bollinger Band width has widened during the selloff, indicating rising volatility, which may persist in the short term.

Volume & Turnover

Volume spiked overnight during the selloff, peaking at 666,666.0, suggesting significant participation by large players. However, volume has since moderated, indicating less conviction in the current price action. Notional turnover followed a similar pattern, confirming the strength of the selloff but also highlighting a lack of follow-through on the subsequent rally.

Fibonacci Retracements

The overnight selloff from 0.01788 to 0.01738 has established key Fibonacci levels. The 38.2% retracement is at 0.01766, which aligns with the current price action. The 61.8% retracement sits at 0.01751, a level that may act as strong support in the coming session. Traders should monitor whether the price holds above 0.01751 or breaks below it.

Backtest Hypothesis

The backtesting strategy outlined requires a valid ticker symbol for the Harbor Alpha Layering ETF, as the symbol “HOLD.P” is not recognized. Once a correct ticker is confirmed, the strategy can be executed by pulling the MACD series, detecting golden cross events, and running a 5-day-holding back-test. This approach would complement the current technical assessment by identifying potential entry points based on confirmed momentum signals. Traders monitoring QUICKUSDT could similarly apply MACD golden cross rules to time potential long entries during bounces from key support levels.