VeThor Token/Tether (VTHOUSDT) Market Overview: Downtrend Consolidation and Momentum Divergence

Summary
• VTHOUSDT edged lower on the 24-hour chart, closing near intraday lows after a sharp selloff in early ET hours.
• Volatility expanded mid-session with a peak-to-trough range of ~0.000093, suggesting short-term uncertainty.
• Divergence between price and turnover emerged in the late ET session, hinting at potential near-term reversal cues.

VeThor Token/Tether (VTHOUSDT) opened at $0.001009 on 2025-11-03 12:00 ET and closed at $0.000976 by 2025-11-04 12:00 ET, with a high of $0.001035 and a low of $0.000960. Total volume for the 24-hour period was 276,696,088.0 units, while notional turnover amounted to approximately $271,764,000. The pair has seen a moderate selloff, with bearish momentum picking up mid-session and fading near the 24-hour close.

Structure & Formations

Price action formed a bearish flag pattern between $0.001010 and $0.001035 during early ET hours, followed by a sharp breakdown below key support at $0.001000. A notable bearish engulfing pattern appeared at 2025-1103 18:30 ET, confirming the shift in sentiment. The pair has since been consolidating between $0.000960 and $0.001005, with $0.000960 emerging as a potential short-term floor.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart both crossed below the price during the selloff, reinforcing bearish bias. On the daily timeframe, the 50-period MA is neutral but may converge with the 100- and 200-period MAs to form a potential dynamic support zone near $0.000970–$0.000980.

MACD & RSI

The MACD histogram showed bearish divergence in the afternoon ET hours, with a narrowing histogram suggesting easing momentum. The RSI indicator reached oversold territory (below 30) at 2025-1104 06:30 ET and has remained there, indicating potential for a short-term rebound. However, the slow RSI remains bearish, pointing to a possible continuation of the downtrend.

Bollinger Bands

Price broke below the lower Bollinger Band during the mid-ET sell-off, signaling high volatility and bearish conviction. The 20-period standard deviation was above average, indicating elevated risk. Price has since tested the lower band multiple times, showing signs of retesting this level for support.

Volume & Turnover

Volume spiked sharply during the early ET selloff, particularly in the 18:00–19:00 ET timeframe, with a peak volume of ~14,959,880. Notional turnover aligned with the price move during this period. However, in the late ET session, volume declined despite a rebound in price, suggesting weak buying interest. A divergence between price and volume was observed after 00:00 ET, which may signal exhaustion of the current trend.

Fibonacci Retracements

A 61.8% Fibonacci retracement level at $0.000978 has been a recurring support during the 24-hour period, with the pair bouncing off this level twice. The 38.2% level at $0.000994 appears to act as resistance in consolidation. On the daily chart, the 50% retracement of the recent swing from $0.001035 to $0.000960 sits at $0.001000, which may see renewed pressure in the next 24 hours.

Backtest Hypothesis

The RSI-based backtest strategy described earlier would benefit from a focus on VTHOUSDT, given the pair’s recent oversold RSI levels and divergent momentum. A hypothetical RSI-14 strategy that initiates a short position when RSI falls below 30 and closes the position at the next 1-day high could capture this bearish move. The selloff observed on 2025-11-03 and early 2025-11-04 presents a testable signal. If RSI remains oversold for two consecutive periods and volume confirms weakness, this could serve as a high-probability short entry. Given the current structure and support at $0.000960, the next 24-hour close may provide confirmation of the validity of this approach.