⚓️ $QUICK has entered a retest process after breaking out of a descending channel on the daily chart. If this retest holds, the potential for an upward movement is strengthened towards the thick black line defined as the strongest resistance. The Bollinger bands are narrowing, RSI is at a neutral boundary; there is a weak positive momentum signal in MACD. The 50-day MA is currently acting as support; the 200-day MA is still above the price, in a strong resistance position.

📌 What is QuickSwap (QUICK)?

QUICK is the governance token of the decentralized exchange QuickSwap, built on Polygon/L2. Launched in October 2020, users can earn rewards from limit orders, liquidity provision, and staking models like Dragon Lair/Syrup. The current price is ~$0.0262, market cap is ~$19–25 M, daily trading volume is ~$4–7 M; the circulating supply is ~750 m QUICK.

✍️ This structure appears technically positive if the channel retest after the breakout is supported. However, it will be critical from a graphical perspective to break above the 200-day MA or if the channel dips back down to the black support.

‼️ This is not investment advice.

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