$QUICK

Current Market Overview

Last Price: $0.04242

24h Price Change: -8.14% (previously $0.04618)

24h High/Low: $0.04621/$0.04083

24h Trading Volume: 27,728,660 QUICK

24h Turnover: $1,186,441.47

Open Interest: $5,319,230.40 (12,539,440 QUICK)

• Funding Rate: 0.0001

Whale Trader Sentiment

Long Positions: 3,029

Short Positions: 2,215

Long/Short Ratio: 1.4: 1 (indicating a bullish sentiment among larger traders)

Capital Flow

Net Capital Flow: $58,101

Inflow: $621,450

Outflow: $563,349

Support and Resistance Levels

Resistance Price: $0.04279

Support Price: $0.04156

Market Sentiment

Fear & Greed Index: 87 (Extreme Greed)

Fundamental Analysis

QuickSwap is a decentralized exchange (DEX) operating primarily on the Polygon network. It offers fast transaction speeds and low gas fees, making it a popular choice for DeFi activities such as swaps, liquidity provision, farming, and staking. The platform also hosts the DragonFi ecosystem, which includes various features like a decentralized perpetual exchange and a gaming hub.

The native token, QUICK, underwent a redenomination in 2022, converting from the old token at a 1:1000 ratio. The new QUICK can be staked for yield and used in farming.

Conclusion

The current price of QuickSwap (QUICK) shows a significant decline over the past 24 hours, with a bearish trend indicated by the price drop and the fear and greed index reflecting extreme greed. However, the whale trader sentiment suggests a bullish outlook, as there are more long positions than short ones. The support level at $0.04156 may provide a cushion against further declines, while the resistance level at $0.04279 could be a target for recovery.