QUICK has escaped a falling channel, which indicates a potential change in the trend and the bullish movement.
The token is testing key resistance at $0.02668, and the expected target regarding the upside moves is around $0.0354.
Recovery follows geopolitical-driven market volatility, with current price action showing signs of stabilization and increased volume.
After weeks of subdued performance and volatility drawn from geopolitical tensions, QUICK, Quickswap's native token, is manifesting signs of returning to strength. The token, which plummeted earlier in the year, is currently trading at $0.02645. Recent technicals suggest a potential bullish breakout, with price action pushing higher above a descending channel that had controlled movement since February.
Technical Breakout Signals Shift in Sentiment
A breakout from the descending channel pattern was noted on the daily chart, with price action breaking above both trend resistance and key short-term moving averages. The resistance level was previously set at $0.02668, a point QUICK has now approached again with renewed buying pressure. This move follows a recovery from support at $0.02416, suggesting increased interest at lower levels.
Notably, the chart displays a measured breakout projection targeting approximately $0.0354, indicating a possible 30–35% upside if momentum holds. The price projection aligns with previous swing highs, reinforcing the relevance of the resistance zone.
Recovery Comes After Broader Market Uncertainty
The recovery follows a steep market correction that coincided with rising tensions in the Middle East. This macroeconomic backdrop weighed heavily on risk-on assets, including digital tokens like QUICK. However, recent stability in global markets may be providing the space for mid-cap tokens to stage rebounds.
Volume is also slightly higher, which is another indication of a change in sentiment. Traders could be waiting to see what happens next above the resistance at $0.02668 which could validate the resumption of the increase. A fall below $0.02645, however, may see the asset retest range-bound trading as seen in April and May.
Short-Term Outlook Hinges on Key Resistance Zone
While technical indicators prefer a continuation to the upside, the immediate direction of QUICK will largely depend on whether the token is able to hold in support of existing levels. Any new weakness down through the $0.02416 support would ruin the bullish setup. With the token nearing mid-June with increasing interest, the coming sessions will be crucial in determining whether this bounce marks the start of a trend or reaction to losses.
The post QUICK Surges 9% to $0.02645, Eyes 30% Rally After Trend Breakout appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
