Market Overview for VeThor Token/Tether (VTHOUSDT) on 2025-09-17

• VTHOUSDT traded in a 24-hour range of 0.001808–0.001859, ending below its prior close.
• A bearish divergence between price and RSI suggests weakening bullish momentum.
• Volume spiked during late-night sell-offs, indicating increased bear pressure.
• Bollinger Bands showed a moderate expansion, signaling rising volatility.
• A key support level at 0.001815–0.001821 appears to have held following a sharp decline.

VeThor Token/Tether (VTHOUSDT) opened at 0.001843 at 12:00 ET−1 and closed at 0.001815 by 12:00 ET, with a high of 0.001859 and a low of 0.001808. Total volume across the 24-hour period was 53.6 million, and notional turnover was approximately $97.6 thousand.

Structure & Formations

The 15-minute OHLC data reveals a bearish bias, with a distinct breakdown pattern forming after a false rally to 0.001859 in the early hours of 9/17. A notable bearish engulfing pattern appeared at 04:45 ET, confirming the shift in sentiment. A doji formed near 0.001846 during early morning consolidation, suggesting indecision before the downward move. Key support levels are identified at 0.001815–0.001821 and 0.001808, with the latter acting as a recent floor.

Moving Averages

Short-term moving averages (20/50) on the 15-minute chart have rolled below the price, reinforcing the bearish trend. The 50-period MA at 0.001845 crossed below the 20-period MA, signaling a potential bearish crossover. On the daily chart, the 50/100/200 EMAs suggest a longer-term bearish bias, with the 200-day MA acting as a strong resistance at 0.001850–0.001860.

MACD & RSI

The MACD line crossed below the signal line early in the morning, indicating a shift in momentum to the downside. Histogram bars have remained negative since the early sell-off. The RSI has dropped from overbought territory (above 65) to 48 at the 24-hour close, suggesting a moderate oversold condition but not extreme. A divergence between rising RSI and falling price was observed during the last few hours of the session, indicating potential bear exhaustion.

Bollinger Bands

Bollinger Bands showed a moderate expansion during the late-night sell-off, with the price dropping below the 20-period lower band. Price volatility increased significantly after the breakdown at 04:45 ET, with a wide band width indicating heightened uncertainty. The current price is sitting near the lower band, suggesting potential for a bounce, but only if volume confirms the reversal.

Volume & Turnover

Volume surged during the late-night sell-off, peaking at 8.4 million around 05:00 ET as the price fell from 0.001822 to 0.001819. Turnover spiked in tandem, confirming the strength of the bearish move. However, the volume during the subsequent consolidation has been lighter, suggesting a lack of follow-through. A divergence between volume and price movement during the afternoon session suggests weakening bear pressure.

Fibonacci Retracements

Fibonacci retracement levels drawn from the 0.001808 low to the 0.001859 high highlight potential support and resistance areas. The 0.001835–0.001840 range (38.2%) appears to have held for a time before breaking down. A retest of the 61.8% level at 0.001827 could be the next critical support.

Backtest Hypothesis

The observed breakdown pattern and bearish divergence between price and RSI suggest a potential short bias, with a target near 0.001808 and a stop just above 0.001830. A backtest could be constructed by entering a short position on a close below 0.001821 with a 5% stop and a 10–15% profit target. This strategy would benefit from a volatile, bear-driven market like the one observed today, particularly in the context of low liquidity hours where price action tends to break out with conviction.