Market Overview for Venus/Tether (XVSUSDT)

Summary
• XVSUSDT declines from 4.39 to 4.28 as a bearish engulfing pattern forms at 17:30 ET-1.
• Volume spikes at 19:45 ET-1 and again at 14:30 ET confirm intraday volatility and key support at 4.2.
• RSI drops into oversold territory, but volume fails to confirm, suggesting potential consolidation.
• Bollinger Bands show tightening at 03:00 ET followed by a break above the midline ahead of the close.
• Fibonacci retracement at 61.8% near 4.27 acts as support, with price bouncing off twice during the session.

XVSUSDT opened at 4.38 on 2025-12-18 12:00 ET-1, reaching a high of 4.39 and a low of 4.14 before closing at 4.28 at 12:00 ET. Total 24-hour volume was 131,862.19 XVS with $565,666 in turnover.

Structure & Formations

The 5-minute chart shows a key bearish engulfing candle at 17:30 ET-1, with price dropping from 4.38 to 4.28. A double-bottom forms near 4.2 by 00:00–01:30 ET, and a bullish flag pattern emerges after 03:00 ET as price consolidates ahead of a late rally.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 5-minute chart show a bearish crossover early in the session, followed by a bullish crossover near 03:15 ET. The MACD turns positive at 03:30 ET and remains above the signal line for most of the day, supporting a potential short-covering rally.

RSI and Bollinger Bands

RSI drops to 28 in the early morning hours before rebounding, failing to confirm a strong reversal due to muted volume.

Bollinger Bands contract between 03:00 and 04:30 ET, with price breaking above the midline before consolidating near the upper band in the final hours of the session.

Volume and Turnover

Volume peaks at 19:45 ET-1 with 4,815.4 XVS traded, and again at 14:30 ET with a 5,582.68 XVS sell-off as price drops to 4.31. Notional turnover also spikes at those times, confirming price action. A divergence appears after 16:00 ET with price falling but volume declining.

Fibonacci Retracements

A 61.8% Fibonacci retracement level at 4.27 acts as strong support, with price rebounding from this level twice. A 38.2% retracement at 4.33 appears to cap the afternoon rally and may act as resistance in the next 24 hours.

Price appears to consolidate in a tight range ahead of a potential breakout above 4.33, supported by a late-day bullish momentum shift. Investors should watch for a break of 4.33 or a test of 4.20 for a more defined bias. Volatility may remain high if institutional buyers re-enter the market.