QuickSwap Price Prediction: QUICK Soars 18% On Binance Perpetual Contract Launch, But Experts Say This New ICO Might Be The Best Crypto To Buy Now
The QuickSwap price soared 18% in the last 24 hours to trade at $0.04334 as of 06:45 a.m. EST on trading volume that surged 173% to $16.2 million.
This comes as Binance Futures introduced a USD-margined QUICK perpetual contract with up to 75x leverage, providing traders with new opportunities to trade QuickSwap (QUICK) using Tether (USDT) as the settlement asset.
The contract, live as of today, Sept. 6, allows traders to utilize Multi-Assets Mode for flexible collateral options.
QuickSwap Price Aims To Sustain Its Bullish Stance
According to GeckoTerminal data, the QuickSwap price movements since August 27 have formed a cup-and-handle pattern as the bulls struggled to breach the $0.04171 resistance level.
QUICK has now surpassed both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the uptrend.
Moreover, the Relative Strength Index (RSI) seems to be rebounding from the 50-midline level, currently at the overbought region at 74, which is an indication of intense selling pressure and shows that the asset is undervalued.
The Moving Average Convergence Divergence (MACD) also trades above the neutral line, a confirmation of the upward trend and bullish stance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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A total of 1.38 billion USDT flowed into CEX in the past 15 hours