Market Overview for Viction/Tether (VICUSDT) as of 2025-10-14

• Viction/Tether (VICUSDT) traded in a 24-hour range of $0.1616–$0.1743 with bearish momentum after a morning high.
• A sharp intraday selloff post-03:00 ET pushed price 3.3% lower, breaking below key support at $0.1675.
• Volume surged during the sell-off, confirming bearish pressure, but turnover showed no clear divergence.
• RSI entered oversold territory around $0.1616, suggesting a potential bounce in the short term.
• Price appears to be consolidating near the 61.8% Fib level of the recent bullish swing, eyeing a possible rebound.

Viction/Tether (VICUSDT) opened at $0.1657 at 12:00 ET on 2025-10-13 and reached an intraday high of $0.1743 before closing at $0.1601 at 12:00 ET on 2025-10-14. The pair traded within a range of $0.1616 to $0.1743 during the 24-hour window, with total volume of 8.7 million units and a notional turnover of approximately $1.45 million. The price action shows a bearish reversal, particularly after 03:00 ET when a strong bearish candle confirmed selling pressure.

Structure and formations reveal a key resistance level at $0.1737 and a critical support at $0.1675, where the price failed to hold during the selloff. A bearish engulfing pattern formed after the morning high, signaling a potential shift in sentiment. The 15-minute 20/50 EMA crossover turned negative post-03:00 ET, adding bearish confirmation. The 50/100/200 daily EMA structure remains neutral, though the 200-day EMA continues to act as a long-term support anchor.

The RSI indicator entered oversold territory in the final hour, suggesting a possible near-term bounce. MACD crossed below zero with bearish divergence, indicating weakening bullish momentum. Volatility, as measured by Bollinger Bands, expanded after 03:00 ET, with the close near the lower band at $0.1616. The contraction before the selloff suggests a potential exhaustion in the bullish trend. Price appears to be consolidating near the 61.8% Fibonacci retracement level of the recent bullish swing, which may act as a short-term support.

Volume surged during the selloff, with over 800k units traded in the 03:00–03:30 ET hour. Notional turnover increased in tandem with price declines, showing no bearish divergence. However, the volume of the final bullish rebound remains modest, which may limit the strength of any recovery. A potential bullish reversal would require confirmation via a break above $0.1675, ideally with increasing volume.

The backtest hypothesis centers on a Bullish Engulfing pattern, a reliable reversal setup in candlestick analysis. To rigorously test this pattern, we can apply a 3-day holding strategy based on key technical indicators such as RSI, MACD, and EMA crossovers. For example, the pattern observed around $0.1616 on 2025-10-14 could be tested for its potential to trigger a rebound. To implement this, we would define the following:

1. Ticker Symbol(s): VICUSDT (or a list of similar altcoin pairs).
2. Entry Method: Long entry on the next-day open after pattern confirmation.
3. Risk Controls: A stop-loss at 1.5% below the entry, and a take-profit at 3% above to manage risk-reward balance.

By back-testing this setup from 2022-01-01 to 2025-10-14, we can assess the viability of using the Bullish Engulfing pattern in combination with overbought/oversold conditions and trend alignment. This approach could provide empirical validation for a systematic trading strategy in the altcoin space.