VeThor Token/Tether (VTHOUSDT) Market Overview: 24-Hour Analysis

• VTHOUSDT drifted lower over 24 hours, closing near 0.001109 after a bearish reversal from 0.001125.
• Price remained within a tight 0.001101–0.001125 range, with moderate volatility and no clear breakout.
• A negative volume-weighted close suggests bearish momentum, with volume peaking near 36 million.
• RSI and MACD show weakening bullish momentum, with no signs of oversold conditions.
• Key 38.2% Fib support at 0.001113 held, but 61.8% Fib at 0.001103 may soon test for sustainability.

24-Hour Price Summary and Market Flow

VeThor Token/Tether (VTHOUSDT) opened at 0.001124 on 2025-10-31 12:00 ET, reached a high of 0.001125, and a low of 0.001101, before closing at 0.001109 at 12:00 ET on 2025-11-01. The pair recorded a total volume of 231,982,396.0 and a notional turnover of 255,232.00. Price action over the last 24 hours has been characterized by a slow, methodical bearish shift, with no significant spikes in volatility or volume.

Structure & Key Levels

The 24-hour chart shows a bearish consolidation, with a high of 0.001125 acting as a key resistance and 0.001101 forming a strong support level. Notable candlestick patterns include a Bearish Engulfing formation around 2025-11-01 02:15 and 03:00 ET, signaling a shift in sentiment. A series of lower closes and wick contractions in the second half of the day suggest a possible exhaustion of bullish momentum, with Fibonacci 38.2% (0.001113) and 61.8% (0.001103) levels likely to remain pivotal in the coming 24 hours.

Trend & Momentum Indicators

The 20-period and 50-period moving averages on the 15-minute chart remain in bearish alignment, with price staying below both. MACD lines have turned negative and are moving lower, indicating a lack of upward momentum. RSI has pulled back below 50 and currently hovers near 47–48, suggesting weakening bullish sentiment without entering oversold territory. Bollinger Bands have shown a moderate contraction earlier in the session but have widened slightly in the afternoon and evening, indicating an increase in uncertainty and potential for a breakout.

Volume and Turnover Insights

Volume remains above average, with several spikes exceeding 10 million in the early morning and early afternoon. Notably, the highest single candle volume occurred at 02:15 ET with 36 million, coinciding with a strong bearish reversal. Turnover has followed a similar pattern, confirming the bearish move. However, volume has started to moderate in the latter half of the session, which could hint at a possible short-term equilibrium forming. Price and turnover show a strong positive correlation for most of the day, with few signs of divergence.

Fibonacci and Key Reversal Levels

Fibonacci retracement levels drawn from the recent 15-minute high of 0.001125 to the low of 0.001101 have provided a useful roadmap. The 38.2% level at 0.001113 has been tested several times and appears to act as a temporary support. Price is currently consolidating near the 61.8% level at 0.001103, which could become a decisive support if the bearish trend continues. A breakdown below this level may open the path to 0.001099, where early morning support was previously found.

Backtest Hypothesis

The backtest strategy aims to identify and act on Bearish-Engulfing candlestick patterns on VTHOUSDT. Such patterns typically suggest a potential reversal from bullish to bearish momentum, making them relevant in a tight consolidation environment like the one observed. Given the current technical setup—characterized by a bearish trend, bearish engulfing patterns, and a weak RSI—this strategy could provide valuable insights, assuming data access issues are resolved. The effectiveness of the strategy will largely depend on its ability to filter noise and confirm signals using volume and price action.