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.