Market Overview: Virtuals Protocol/Tether (VIRTUALUSDT) – 2025-09-17

• Virtuals Protocol/Tether (VIRTUALUSDT) traded in a 24-hour range of 1.226–1.2584, closing near its high of 1.2521.
• A bullish reversal pattern formed in late ET hours, supported by increasing volume and tightening RSI.
• Volatility and turnover spiked between 20:00–03:00 ET, reflecting increased market participation.
• Price retested a key support at 1.2355, indicating strong buying interest.
• MACD showed a positive divergence, suggesting potential upside continuation.

Price Summary

Virtuals Protocol/Tether (VIRTUALUSDT) opened at 1.2391 on 2025-09-16 at 12:00 ET and traded as high as 1.2584 before closing at 1.2521 on 2025-09-17 at 12:00 ET. Total volume across the 24-hour window was 3,689,595.1, and notional turnover amounted to 4,586,989.5. The pair saw a late-night rally and consolidation into the morning, indicating strong buyer interest.

Structure & Formations

The 15-minute candlestick pattern showed a bullish reversal formation from 01:00–03:00 ET, as price retested a key support level of 1.2355 before rallying back above 1.2500. A small-bodied candle at 03:45 ET (1.2401–1.2477) indicated indecision before a sharp move higher. A morning session pinbar at 06:00 ET (1.2362–1.2464) confirmed strong buying pressure, reinforcing the bullish trend. A key resistance appears at 1.255–1.258, with a potential support zone forming at 1.240–1.243.

Moving Averages & Indicators

On the 15-minute chart, the 20-period and 50-period SMAs crossed in a bullish “golden cross” pattern around 03:15–04:00 ET, signaling momentum turning positive. The 50-period SMA at 1.246 and 100-period at 1.248 suggest a potential consolidation zone around 1.245–1.247. The 200-period SMA remains below the current price, reinforcing the recent uptrend.

MACD turned positive around 03:30 ET and showed a divergence in early morning hours, hinting at potential continuation. RSI moved into overbought territory above 65 during the late night rally but has since corrected into neutral levels, suggesting the move might not be exhausted.

Bollinger Bands tightened between 02:00–03:30 ET, followed by a breakout to the upside. Price has remained above the middle band, with the upper band expanding to 1.2584, reinforcing the recent strength.

Volume & Turnover

The most notable volume spikes occurred between 17:30–19:00 ET and 02:00–04:00 ET, aligning with key price moves. A volume expansion at 17:30–18:00 ET supported the initial breakout to 1.2500–1.254, while the late-night rally saw a strong volume increase of 85,000+ contracts at key levels. Notional turnover also spiked in line with price action, with no notable divergence between price and volume.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 1.2308 to 1.2584, the 61.8% level is at 1.2492 and the 50% level at 1.2446. Price held above the 61.8% retrace on multiple occasions, suggesting strong near-term support. On the daily chart, the 38.2% retracement from the recent high of 1.2584 sits at 1.2456, aligning with the 15-minute 50% level and reinforcing its importance.

Backtest Hypothesis

A potential backtesting strategy could be to enter long positions on a bullish breakout above 1.247–1.249 with a stop loss below 1.243. The pattern seen in the 03:00–04:00 ET period shows a strong volume-weighted breakout with confirmation from the RSI and MACD. A target of 1.254–1.257 aligns with the upper Bollinger Band and the 61.8% Fibonacci level. Given the current setup, this strategy could be tested across multiple timeframes, focusing on 15-minute to 1-hour entries for intraday gains.