VeChain/Tether USDt (VETUSDT) Market Overview

• Price surged to 0.02469 before consolidating near 0.0245, driven by increased volume and momentum in the afternoon.
• Overbought RSI and bullish MACD divergence hint at potential pullback, but Bollinger Bands show no extreme volatility.
• A key support level forms at 0.02435 (daily low), with resistance near 0.02460–0.02465.
• Volume and turnover aligned with price, confirming strength during the midday rally.
• Fibonacci retracement levels suggest potential retests near 0.0245 (61.8%) and 0.0243 (38.2%) in the near term.

24-Hour Summary and Price Context

VeChain/Tether USDt (VETUSDT) opened at 0.02393 on 2025-09-09 at 12:00 ET, reaching an intraday high of 0.02469 before closing at 0.0245 on 2025-09-10 at 12:00 ET. The 24-hour low was 0.02382. Total volume reached 155.32 million VET, while turnover (notional volume) was $3.83 million.

Structure & Key Levels

The 24-hour price action on VETUSDT showed a distinct upward bias, with the most bullish phase occurring between 13:00 and 15:00 ET. A strong bullish engulfing pattern emerged at 0.02443–0.02446, followed by a small bearish harami at 0.02453–0.02456. These patterns suggest short-term indecision after a strong push. A key support level formed at 0.02435 (based on daily low and a confluence of Fibonacci and Bollinger Band levels), while resistance appears at 0.02460–0.02465, where the last major high was formed.

Moving Averages and Momentum Indicators

On the 15-minute chart, the price remains above the 20-period and 50-period moving averages, indicating short-term bullish momentum. RSI reached overbought territory at 72.5 during the rally but pulled back to mid-60s, suggesting caution. MACD showed a bullish divergence as the price pulled back but remained above the signal line, indicating potential for further consolidation or a push higher.

Bollinger Bands and Volatility

Volatility has expanded over the past 48 hours, with the bands widening and the price sitting near the upper band at the high of 0.02469. The mid-band is currently at 0.02448, suggesting a possible retest of that area before a potential pullback. A contraction near 0.02443 could signal a reversal, especially if RSI fails to re-enter overbought territory.

Volume and Turnover Analysis

Volume and turnover surged during the afternoon rally, confirming the bullish breakout. However, volume during the recent pullback to 0.02456 was lower than during the initial rise, suggesting weakening buying pressure. A divergence between volume and price could point to a potential short-term reversal.

Fibonacci Retracements

Applying Fibonacci retracement to the recent 15-minute swing from 0.02382 to 0.02469, key levels to watch include 0.0245 (61.8%) and 0.02435 (38.2%). If the price fails to hold 0.0245, the 38.2% retracement at 0.02435 may offer a temporary floor.

Backtest Hypothesis

A potential backtesting strategy for VETUSDT could involve using the 50-period EMA as a trend filter and entering long when price crosses above it, combined with a 61.8% Fibonacci retracement as a target and 38.2% as a stop. This would allow for a risk-reward ratio of approximately 1.5:1 based on the recent swing from 0.02382 to 0.02469. Additionally, RSI and MACD divergence could be used to confirm trend exhaustion or continuation. This setup could be tested using historical data to assess win rate and average return per trade.