Market Overview for Venus/Tether (XVSUSDT) — 24-Hour Technical Analysis

• XVSUSDT traded in a tight range with key resistance around $4.79 and support near $4.72 over the last 24 hours.
• Volume was elevated during the midday spike to $4.82, but failed to confirm bullish momentum on a sustained basis.
• A bearish divergence in price and volume appears to have emerged in the final hours of the period.
• Bollinger Bands showed slight contraction in the early morning, followed by moderate expansion after 08:00 ET.
• The 20-period EMA remained above the 50-period EMA, suggesting short-term bullish bias despite consolidation.

The Venus/Tether (XVSUSDT) pair opened at $4.72 on 2025-11-01 at 12:00 ET and closed at $4.78 on 2025-11-02 at 12:00 ET, trading within a $4.72–$4.82 range. Total volume over 24 hours was 51,866.42, with a notional turnover of $245,701. The price action showed strong consolidation with multiple attempts to break above $4.79, which acted as a key psychological and short-term resistance level.

Structure and formations revealed a series of bullish engulfing patterns in the early morning, followed by indecision through long lower shadows and spinning tops. A key bearish divergence occurred in the last two hours of the 24-hour window, as prices fell to $4.76 while volume remained relatively subdued. The 20-period EMA was above the 50-period EMA, suggesting a mild bullish bias in the short term. However, the daily 50-period EMA is currently below the 200-period EMA, signaling a longer-term bearish bias.

Momentum indicators showed mixed signals. The RSI hovered near 50, indicating neutrality with no clear overbought or oversold conditions. The MACD histogram was in positive territory during the midday spike but began to contract in the evening, suggesting waning bullish momentum. Bollinger Bands were relatively narrow at 03:00 ET, signaling a period of low volatility, followed by a moderate expansion after 08:00 ET as the price tested and rejected key levels.

Volume analysis showed a clear peak in the 07:00–08:00 ET window, when prices briefly moved above $4.82. However, the subsequent pullback to $4.78 was accompanied by declining volume, raising concerns about the strength of the move. Fibonacci retracements showed the pair testing the 61.8% retracement level from the $4.72–$4.82 range at $4.77, which appears to have acted as a dynamic support level in the final hours of the period.

The next 24 hours may see renewed attempts to break above $4.79, but failure to hold this level could lead to a retest of the $4.72 support. Investors should closely watch the 20-period EMA for confirmation of bullish momentum and be prepared for a potential breakdown if the 61.8% Fibonacci level at $4.77 fails.

Backtest Hypothesis
A potential backtest strategy would involve identifying MACD Golden-Cross events (when the MACD line crosses above the signal line) on the XVSUSDT pair and evaluating the performance of a buy signal on the 5 days following the crossover. Given the recent consolidation and mixed momentum signals, a successful backtest would require identifying the correct ticker symbol, such as BINANCE:XVSUSDT or XVS-USDT, which is critical for accurate MACD series generation. Once the correct ticker is confirmed, this strategy could be tested using historical data from 2022-01-01 to 2025-11-02 to assess its viability in capturing short-term bullish momentum in this asset.