Viction/Tether (VICUSDT) Market Overview: 2025-11-02 12:00 ET to 2025-11-03 12:00 ET

• Viction/Tether (VICUSDT) declined from a high of $0.1347 to a low of $0.1078, closing at $0.1173 with bearish momentum.
• Volume surged to 11.28 million USD on the 15-minute chart, while turnover reached $1.29 million, reflecting increased selling pressure.
• A bearish engulfing pattern formed at the 16:45 ET candle, confirming a shift in sentiment toward the downside.
• Price remains below all key moving averages, with RSI near oversold levels suggesting potential for a rebound.
• Bollinger Bands widened significantly during the selloff, reflecting heightened volatility and uncertainty.

Viction/Tether (VICUSDT) opened at $0.131, reached a high of $0.1347, and a low of $0.1078, closing at $0.1173 within the 24-hour period. Total trading volume amounted to 11.28 million USD, with notional turnover reaching $1.29 million. Price action was bearish for the majority of the session, with sharp declines in the late afternoon and early evening.

Structure and key levels show a breakdown below the 0.131–0.132 support zone, with 0.1223 and 0.1173 emerging as critical psychological and Fibonacci levels. A bearish engulfing pattern formed at the 16:45 ET candle, signaling a shift in sentiment. The 0.1312–0.1318 range could become a re-entry area for short-term buyers, though resistance remains strong above 0.1225.

Moving averages on the 15-minute chart confirm the downtrend, with price sitting well below the 20-EMA and 50-EMA. On the daily chart, the 50, 100, and 200-day SMAs are all above current levels, reinforcing the bearish bias. Momentum indicators such as MACD show a negative divergence in the early morning, with RSI dipping near 28–30, indicating potential for a short-term rebound.

Bollinger Bands expanded during the selloff, particularly between 15:30 and 16:30 ET, with price hitting the lower band at 0.1078. This suggests heightened volatility but could foreshadow a retracement. Volume and turnover spiked during this period, confirming the selloff and aligning with price action. Divergences between price and momentum indicators may signal a temporary pause in the decline.

A 38.2% Fibonacci retracement from the 0.1347 high to the 0.1078 low places the first key level at 0.1239, followed by 61.8% at 0.1178. These levels may provide short-term support for buyers. On the 15-minute chart, the 0.1312–0.1318 range could serve as a key pivot zone for near-term reversal cues.

Backtest Hypothesis
The RSI-based backtesting strategy described in the strategy text aims to identify oversold conditions in the VICUSDT pair to generate buy signals. While current RSI levels (near 28–30) suggest the pair is near oversold territory, historical RSI data for this symbol is currently unavailable due to data limitations. This could be due to either an incorrect ticker format, low liquidity, or the data provider’s limited coverage. To move forward, it would be advisable to confirm the exact symbol (e.g., VICS/USDT, VIC-USD, etc.) or proceed by manually defining the oversold RSI entry dates based on current conditions. Once a valid symbol or event list is available, a full backtest can be executed, including a performance report and visual summary for further strategic refinement.