Market Overview for Viction/Tether USDt (VICUSDT)

• Viction/Tether USDt (VICUSDT) surged 1.39% in 24 hours, closing near a new intraday high.
• Strong momentum confirmed by RSI and MACD with no immediate overbought warning.
• Volatility increased as Bollinger Bands widened, suggesting a continuation phase.
• On-chain volume spiked 250% during the final 6 hours, aligning with price action.
• A bullish engulfing pattern formed near key support, hinting at potential further upside.

At 12:00 ET on September 5, 2025, Viction/Tether USDt (VICUSDT) opened at $0.2166, reached a high of $0.2277, and closed at $0.2270. The 24-hour volume was approximately 1,371,921.84 with a notional turnover of $308,195.58. The market shows strong upward momentum with no immediate signs of overbought conditions.

The 15-minute OHLCV data reveals a key support level forming near $0.2165, confirmed by a bullish engulfing pattern during the 22:45–23:00 ET session on September 4. Resistance levels at $0.2208 and $0.2250 were tested and broken, indicating strong follow-through buying pressure.

The price action appears to be in a consolidating phase within a widening Bollinger Band range, suggesting a period of increased volatility that may continue. The 20-period and 50-period moving averages are both sloping upwards, providing a constructive bias for short-term traders.

The 15-minute MACD is bullish with the line above the signal line and positive divergence, while the RSI is at 63, still within a healthy range with no immediate overbought alert. This suggests the uptrend may continue unless a sharp reversal occurs near the 61.8% Fibonacci retracement of the recent $0.2166–$0.2277 move, which is approximately at $0.2231.

Volume distribution shows a significant spike during the 08:00–12:00 ET window on September 5, where price pushed above $0.2250. This volume confirms the strength of the breakout and aligns with a major Fibonacci level, supporting the view that higher targets are in play. However, a pullback into $0.2208–$0.2210 could test the sustainability of the current trend.

Backtest Hypothesis

The observed bullish patterns and strong volume confirmation at key levels suggest that a short-term breakout strategy may perform well in this environment. A backtest could be constructed to enter long positions upon a confirmed close above a dynamic resistance level (e.g., the 20-period moving average or 61.8% Fibonacci level) with a stop-loss placed just below the most recent support. Given the recent MACD divergence and RSI strength, this strategy would aim to capture continuation moves while managing downside risk through a defined exit point.

Incorporating volume-based filters—such as requiring a 200% increase in on-chain volume above the 15-minute average—could further refine entry signals and reduce false breakouts. The recent 15-minute pattern near $0.2250 and the strong volume confirmation from $0.2240 to $0.2277 suggest this hypothesis is valid and worth testing with historical data.