VeChain/Tether (VETUSDT) Market Overview: 24-Hour Price Dynamics and Key Technical Levels

• VeChain/Tether (VETUSDT) traded in a narrow range today, with a 0.33% range between high and low.
• Price tested key psychological levels around 0.0245–0.0246, bouncing from 0.0244 with moderate strength.
• Volume remained uneven, peaking during the 19:30–20:45 ET window but declining in late trading hours.
• RSI and MACD showed no extreme overbought or oversold signals, indicating balanced momentum.
• Bollinger Bands constricted in the late ET session, hinting at potential breakout or consolidation.

VeChain/Tether (VETUSDT) opened at $0.02416 on 2025-09-16 at 12:00 ET and closed at $0.02417 at 12:00 ET on 2025-09-17. The 24-hour high was $0.02467 and the low was $0.02410. Total volume was 64,127,361.99 units of VET, with a notional turnover of approximately $1,567,355. The pair spent most of the day consolidating within a 0.27% range, with notable resistance at 0.0245 and support at 0.0244.

Structure & Formations

The 15-minute chart displayed a series of small consolidation patterns, with a bullish engulfing pattern forming between 17:15–17:30 ET, breaking through a prior high at $0.02457. This was followed by a bearish reversal candle on 19:45 ET, forming a key high at $0.02454. A doji appeared at 22:30 ET around $0.02461, indicating indecision after a brief breakout attempt. The daily chart shows a similar consolidation pattern, with no clear directional bias emerging.

Key Levels

Notable resistance levels include $0.02457 (17:30 ET), $0.02461 (22:30 ET), and $0.02467 (17:00–18:00 ET). Key support levels include $0.02451 (21:45–22:15 ET), $0.02445 (23:45–00:15 ET), and $0.02436–$0.02439 (01:30–04:00 ET). These levels have been tested multiple times, with price bouncing off the 0.0244–0.0245 range repeatedly.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed within the 19:30–20:45 ET window, forming a bullish signal, which was later invalidated by bearish price action in the 00:00–01:00 ET session. On the daily chart, the 50-period MA is slightly above the 100-period and 200-period MAs, indicating a neutral-to-bullish bias over the longer term. The 50/200 MA crossover is still intact, but the price has not shown enough conviction to break through the 0.02467 level.

MACD & RSI

The 15-minute MACD showed a positive divergence at 17:30–17:45 ET, followed by a bearish crossover at 20:00–20:15 ET, suggesting mixed momentum. RSI stayed between 45–55 for most of the session, indicating balanced momentum without overbought or oversold conditions. A minor overbought condition was observed around 0.02465–0.02467 between 22:15–22:30 ET, but it failed to sustain.

Bollinger Bands

Volatility remained low for much of the session, with Bollinger Bands narrowing between 23:00–01:00 ET. This period was followed by a brief expansion at 02:45–03:30 ET, when price moved closer to the upper band before retreating. Price has spent most of the session within the middle band, indicating a lack of directional bias. A potential breakout or breakdown could be expected if the bands expand again in the next 24 hours.

Volume & Turnover

Volume spiked during the 19:30–20:45 ET window, with a peak of ~5.96 million VET traded on the candle peaking at $0.02465. This was followed by a sharp decline in volume in the early ET morning hours. Notional turnover peaked around the same time as the price high at $0.02467, but volume failed to confirm a breakout above this level. Price and turnover moved in sync during key reversal candles, suggesting meaningful sentiment shifts.

Fibonacci Retracements

Fibonacci retracement levels based on the 0.02410–0.02467 swing show that 0.02449 and 0.02455 are key 38.2% and 61.8% levels respectively. Price tested 0.02455–0.02457 multiple times, failing to break through on strong volume. A sustained move above 0.02457 could bring in fresh buyers, but a breakdown below 0.02445 would indicate a deeper correction into the 0.02436 support zone.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on bullish engulfing patterns forming above the 0.0244–0.0245 support range, with a stop loss just below the 0.02445 level and a take profit at 0.0246–0.02465. Conversely, short entries could be considered on bearish reversal patterns forming above 0.02457, with a stop loss above 0.0246 and a target at 0.02445. This would align with the MACD divergence, RSI neutrality, and Fibonacci retracement dynamics observed over the past 24 hours.