VeChain/Tether Market Overview: VETUSDT 24-Hour Analysis

• VET/USDT rose from $0.02402 to $0.02535 in 24 hours, with strong momentum observed in late overnight trading.
• RSI reached overbought levels, suggesting a possible near-term consolidation.
• A key resistance at $0.02550 and support at $0.02500 were tested, with a bullish breakout attempted.
• High volume was concentrated in the upward thrust between 00:00–04:00 ET.
• Volatility expanded throughout the session, pushing price to a 24-hour high at $0.02561.

VeChain/Tether (VETUSDT) opened at $0.02402 on 2025-09-17 at 12:00 ET and closed at $0.02524 on 2025-09-18 at 12:00 ET, forming a bullish 24-hour candle. The high was $0.02561 and the low was $0.02391. Total traded volume reached 108,246,375.3 VET, and notional turnover stood at $2,723,085.50 over the period.

The structure of the 15-minute chart indicates a strong consolidation phase followed by a bullish breakout, with key support found at $0.02500 and resistance at $0.02550. A bullish engulfing pattern occurred at 00:00–00:15 ET, signaling a potential reversal. A key bearish divergence between price and RSI was noted around 06:30–07:00 ET, suggesting caution. The 15-minute Bollinger Bands show expansion in volatility as the price moved above the upper band around 04:00–04:15 ET.

The 20-period and 50-period moving averages on the 15-minute chart crossed in a bullish fashion during the late-night hours, indicating a short-term uptrend. On a daily scale, the 50-period and 200-period moving averages continue to show a long-term bearish bias, suggesting that the current upward move may be corrective.

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The MACD turned bullish in the early hours of the morning, confirming the breakout move toward $0.02550. RSI surged into overbought territory, reaching 73, which may signal a potential pullback. The 15-minute Bollinger Bands showed a volatility contraction before the breakout, a precursor to a price move. The 20-period moving average crossed above the 50-period line on the 15-minute chart, reinforcing the bullish bias. Fibonacci retracement levels suggest that a 61.8% retest at $0.02494 could be a near-term support target.

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Backtest Hypothesis

Given the observed breakout pattern and bullish momentum in the early hours, a backtesting strategy could focus on entries following a bullish engulfing pattern and a close above the 20-period moving average. Stops could be placed below the nearest Fibonacci retracement level (38.2% at $0.02504), while targets could aim for the 61.8% retracement at $0.02494 and the 100% extension above the recent high. A trailing stop could be used once the price confirmed a breakout past the upper Bollinger Band and the 50-period MA. This would align with the observed MACD and RSI signals seen in the early morning session, offering a high-probability short-term trade scenario.

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