QUICKUSDT Market Overview: Volatility Peaks, Price Breaks Key Support

• Price dropped sharply by -15.4% from $0.025 to $0.02383 over 24 hours
• Strong bearish momentum confirmed by RSI below 30 and declining MACD
• Volatility spiked near 19:00 ET with a 0.5% range before consolidating
• Bollinger Bands widened early, then constricted during the overnight sell-off
• Volume surged to $1.7M at 15:45 ET, but price continued lower—indicating divergence

24-Hour Snapshot: Sharp Decline in Quickswap/Tether (QUICKUSDT)

Quickswap/Tether (QUICKUSDT) opened at $0.025 on 2025-10-06 12:00 ET and reached a high of $0.02532 before plunging to a 24-hour low of $0.02371 at 15:45 ET. The pair closed at $0.02383 as of 12:00 ET on 2025-10-07. Total traded volume over the period was 11.3M QUICK, with a notional turnover of $283,800. The sharp decline was accompanied by a significant expansion in volatility and notable divergence in price-volume action.

Structure & Formations: Key Levels and Patterns

The 24-hour chart shows a bearish breakdown from a prior consolidation range centered around $0.025. The most notable support level was breached near $0.02500, with a short-term bounce at $0.02494 failing to hold. A long bearish candle on 2025-10-07 06:30 ET (closing at $0.02467) and a large bearish engulfing pattern at 14:45–15:45 ET indicate strong downward pressure. A potential support zone forms around $0.0243–$0.0238 based on recent lows.

Moving Averages and Momentum

On the 15-minute chart, price closed below the 20- and 50-period moving averages, confirming the bearish momentum. The 50-period MA is at $0.02488 and trending downward. Daily averages (50, 100, 200) are not directly visible from the dataset but would likely show a similar bearish alignment. The MACD remains negative, with the histogram showing a narrowing bearish divergence, suggesting momentum may still be in place but with potential for a near-term pause.

The RSI has been in oversold territory for much of the last 6 hours, bottoming near 28. This may indicate short-term exhaustion, though it does not confirm a reversal. Investors should watch for a potential bounce within the $0.0243–$0.0246 range for confirmation of a short-term pullback.

Volatility and Divergence

Bollinger Bands widened significantly during the initial sell-off around 19:00 ET, reaching a 0.5% range before narrowing again as volatility waned. Price closed near the lower Bollinger Band at 0.02383, suggesting the asset is trading in a compressed, potentially oversold state. However, volume spiked to $1.7M at 15:45 ET, with a closing price at $0.02383—showing a strong bearish conviction without a corresponding price bounce.

The divergence between high-volume selling and lack of price reversal suggests further downward pressure could follow, unless a strong bullish candle breaks above the $0.0243–$0.0246 range.

Fibonacci Retracements and Projections

Applying Fibonacci retracements to the recent bearish swing from $0.02532 to $0.02383, key levels include:- 38.2% at $0.02467
- 50% at $0.02457
- 61.8% at $0.02447

These levels align with recent consolidation zones and could act as potential support levels if the short-term trend pauses. A retest of the 61.8% level ($0.02447) or a break below it would likely confirm a continuation of the bearish trend.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position on a breakout below the 61.8% Fibonacci level ($0.02447), with a stop-loss placed just above the 50% level ($0.02457). A target could be placed at the next Fibonacci level below or a new support formed. This approach aligns with the bearish divergence observed in RSI and MACD, and the confirmation of the breakdown from the consolidation range.