Deep Dive
1. Binance Futures Delisting Impact (Bearish)
Overview:
Binance Futures announced on November 25 it will delist QUICK perpetual contracts on November 28, blocking new positions and auto-settling open ones. QUICK dropped 5% immediately post-announcement.
What this means:
Delistings typically reduce liquidity and amplify volatility as traders exit positions pre-emptively. With QUICK’s 24h derivatives volume at $3.29M (CMC), the loss of Binance’s liquidity – a top 3 derivatives venue – exacerbates downside risks.
What to watch:
Whether other exchanges follow suit – Flipster also delisted QUICK perps on November 28.
2. Technical Breakdown (Bearish)
Overview:
QUICK trades below all key moving averages (7-day: $0.0117, 30-day: $0.0129), with RSI14 at 30.44 – nearing oversold but lacking bullish reversal signals.
What this means:
The 200-day EMA ($0.0207) has acted as a ceiling since August 2025. Current price ($0.0109) sits 47% below this level, reflecting sustained distribution. The MACD histogram turned positive (+0.0000748), but weak volume suggests this is a dead cat bounce.
Key level:
A close above the 23.6% Fibonacci retracement ($0.0150) is needed to invalidate the downtrend.
3. Altcoin Liquidity Drain (Bearish)
Overview:
Bitcoin dominance rose to 58.68% (up 0.21% in 24h), while the Altcoin Season Index sits at 21/100 – deep in “Bitcoin Season.”
What this means:
QUICK’s -6.23% drop outpaced the crypto market’s -3.46% decline, reflecting altcoins’ sensitivity to liquidity rotations into BTC. With open interest in crypto derivatives down 5.08% weekly, traders are trimming risk exposure.
Conclusion
QUICK’s decline stems from exchange delistings eroding utility, technical breakdowns, and a hostile climate for altcoins. While the RSI suggests a potential bounce, the lack of bullish catalysts and $0.0150 resistance make rallies fragile.
Key watch: Can QUICK hold the November 25 low of $0.010758? A break below could target the 2025 low of $0.00893.