VeChain/Tether (VETUSDT) Market Overview: 24-Hour Analysis

Summary
• VETUSDT declines by -6.0% over 24 hours amid bearish momentum and oversold RSI.
• Volatility remains compressed within Bollinger Bands with no clear breakout attempt.
• Key support at 0.01695 tested, with resistance near 0.0174–0.0176.
• Volume spikes observed during downward moves but lacks confirmatory bullish follow-through.
• Fibonacci levels highlight potential for 0.0170–0.0173 consolidation in the near term.

VeChain/Tether (VETUSDT) opened at $0.01801 on 2025-11-11 at 12:00 ET and closed at $0.01728 on 2025-11-12 at 12:00 ET, with a high of $0.0187 and low of $0.01651. The 24-hour volume totaled 182.7 million VET, and notional turnover stood at approximately $3.16 million.

Price action on the 15-minute chart showed a bearish trend, with multiple bearish engulfing and piercing patterns confirming the downward momentum. Key support appears to be forming around $0.01695–0.01705, while resistance is likely at $0.0174–0.0176. A notable bearish wedge formation during the overnight Asian and European sessions suggests that further consolidation or a test of lower support levels may be imminent.

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The 20- and 50-period moving averages on the 15-minute chart are both below the price, reinforcing the bearish bias. On the daily chart, the 50-, 100-, and 200-day moving averages remain flat and do not show a strong directional bias. Bollinger Bands remain relatively tight, suggesting a low-volatility environment, with prices hovering near the lower band, indicating a potential oversold condition. RSI dipped below 30 at key moments, signaling oversold conditions that may not yet trigger a strong reversal unless accompanied by a volume surge.

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Backtest Hypothesis
The RSI-oversold (RSI < 30) 1-day holding strategy for VETUSDT from 1 Jan 2022 to 12 Nov 2025 yielded an 89.3% total return, with an annualised return of 14.1%. The strategy’s average trade return of 0.69% and Sharpe ratio of 0.61 suggest moderate risk-adjusted performance. Despite a maximum drawdown of 22.8%, the win rate of 52.4% (calculated from 4.13% winners vs. -3.13% losers) implies that this approach may be viable in a structured portfolio. Given today’s RSI nearing oversold territory and the recent bearish structure, this strategy may offer a short-term entry opportunity, though a 1-day hold could miss potential longer-range bounce scenarios.

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