Market Overview for VeThor Token/Tether (VTHOUSDT) – 2025-10-04

• Price declined 0.25% over 24 hours with a low of 0.001640 and close near the session low.
• RSI and MACD suggest moderate bearish momentum, with no overbought conditions observed.
• Volatility dipped below 0.00002 range on Bollinger Bands, indicating a consolidation phase.
• Notional volume spiked near 32M at 17:15 ET as price dropped 0.25% in a bearish harami formation.

VeThor Token/Tether (VTHOUSDT) opened at 0.001679 at 12:00 ET on 2025-10-03, reached a high of 0.001704, and closed at 0.001649 by 12:00 ET on 2025-10-04. The 24-hour notional volume totaled approximately 85.6 million contracts, with a turnover of ~$140,500 based on average price.

The candlestick pattern showed a bearish bias, especially after a large bearish harami at 17:15 ET. Price failed to hold above 0.001690 and retreated below key support at 0.001675. A 20-period moving average on the 15-minute chart crossed below the 50-period line, reinforcing bearish momentum. The daily chart shows the 50-period MA above the 200-period MA, a bearish divergence.

MACD lines crossed below zero around 19:00 ET, with negative divergence continuing. RSI remained in neutral to bearish territory, failing to cross above 50 and showing a weak bounce below 40 for much of the day. Bollinger Bands narrowed during the afternoon, suggesting a potential breakout attempt, though price ultimately closed near the lower band.

Fibonacci retracements from the recent high (0.001704) show the 61.8% level at 0.001665, now acting as a potential support. A breakdown below 0.001640 may test the next level at 0.001625. Volume spiked around the 32M mark at 17:15 ET, confirming the bearish move.

Backtest Hypothesis
The backtesting strategy focuses on using the 15-minute RSI (14) and 20/50 MA crossover as entry signals. A short position is triggered when RSI dips below 40 and the 20 MA crosses below the 50 MA. A stop-loss is placed at the 61.8% Fibonacci retracement of the recent high, with a target at the next Fibonacci level (38.2%). This setup aligns with the observed bearish divergence and could have captured the 17:15 ET pullback.