Market Overview for VeChain/Tether (VETUSDT) on 2025-10-13

• VETUSDT rose from $0.0185 to $0.01948 over 24 hours, forming a bullish breakout pattern.
• RSI and MACD showed strengthening momentum into the close, suggesting possible overbought conditions.
• High volume confirmed the price action, with turnover surging during late ET buying waves.
• Volatility expanded mid-day, with price testing the upper Bollinger Band before consolidating.
• Fibonacci 61.8% level at $0.01946 acted as a short-term ceiling before a final push to $0.01948.

VeChain/Tether (VETUSDT) opened at $0.0185 on 2025-10-12 at 12:00 ET and reached a 24-hour high of $0.01954 before closing at $0.01948 on 2025-10-13 at 12:00 ET. The pair traded between $0.01839 and $0.01954, with total volume amounting to 229,504,363.3 and notional turnover of $4,473,372. The price action reflects a consistent bullish trend, especially after 20:00 ET, where a sequence of higher highs and closes confirmed a breakout above key resistance levels.

The structure of the 24-hour chart reveals a strong bias toward the upside, with a notable bullish engulfing pattern forming in the last two hours of the session. This pattern, confirmed by strong volume and price action, suggests a reversal from prior bearish sentiment. Key support levels include the 20-period and 50-period moving averages at $0.01915 and $0.01932, respectively, both of which were decisively crossed. The 15-minute chart shows the price comfortably above both, indicating short-term bullish momentum.

On the 15-minute MACD, the bullish crossover occurred early in the late ET session and remained in positive territory until the close. RSI reached 62.4 at the 24-hour high, indicating a moderate overbought condition but not extreme. Bollinger Bands showed a significant expansion during the morning hours, with the price testing the upper band before settling just below it in the final candle. The contraction in volatility early in the session had primed the market for a breakout.

Fibonacci retracement levels from the prior swing low at $0.01839 and high at $0.01954 show the pair closing just above the 61.8% level at $0.01946, reinforcing the strength of the recent move. While this level could act as a near-term ceiling, the volume distribution and candlestick patterns suggest buyers are in control.

Backtest Hypothesis
To evaluate the potential efficacy of a strategy based on the bullish patterns observed, such as the engulfing candle at the end of the session, we propose a backtesting framework. This would involve detecting all Bullish-Engulfing candles in the VETUSDT 15-minute chart from 2022-01-01 to the present. Upon detection, a long position would be opened at the next day’s market open and held for exactly three trading days. By analyzing the performance statistics—such as win rate, average return, and maximum drawdown—we can assess the robustness of this pattern as a signal for entry.