Market Overview for VeChain/Tether (VETUSDT) on 2025-10-26

• VET/USDT surges ~1.8% in 24 hours amid bullish momentum and volume spikes.
• Price breaks above prior resistance levels, testing new highs near $0.01776.
• MACD and RSI signal strong upward momentum with no immediate overbought conditions.
• Bollinger Bands expand, indicating heightened volatility and continuation bias.
• On-chain volume and turnover align with price, reinforcing bullish sentiment.

VeChain/Tether (VETUSDT) opened at $0.01724 on 2025-10-25 at 12:00 ET, reaching a high of $0.01778 before closing at $0.0178 on 2025-10-26 at 12:00 ET. The 24-hour period recorded a total volume of 48.13 million VET and a notional turnover of $841,236 (based on average price of $0.01748). The pair exhibited a bullish continuation pattern amid strong buying pressure.

Structure & Formations

Price action on VET/USDT showed a strong bullish breakout during the 24-hour period, particularly after a consolidation phase between $0.01726 and $0.01742. A series of Bullish Engulfing and Hammer patterns emerged around $0.01733–$0.01735 on the morning of 2025-10-26, confirming renewed buying interest. Key support levels at $0.01730 and $0.01726 were tested and held, while resistance at $0.01753 and $0.01768 were sequentially cleared. A recent bearish reversal at $0.01784 in the afternoon suggested short-term consolidation, but buyers reclaimed control by the close. The 24-hour candle itself is a large bullish body, indicating strong conviction.

Moving Averages

The 15-minute chart shows the 20-period MA and 50-period MA in bullish alignment, with price consistently above both. The 50-period MA at ~$0.01743 and 20-period MA at ~$0.01755 further confirm the upward bias. On the daily chart, the 50-period MA is at ~$0.01728, while the 200-period MA sits at ~$0.01714—price remains comfortably above both, suggesting a longer-term bullish trend.

MACD & RSI

The MACD line remains above the signal line on the 15-minute chart, with positive divergence and increasing histogram size indicating strengthening momentum. RSI reached a 24-hour high of 67, suggesting moderate bullish strength without overbought conditions. While not at extreme levels, the RSI trajectory implies continuation of the upward trend unless a sharp pullback occurs.

Bollinger Bands

Bollinger Bands have widened significantly during the 24-hour period, reflecting increased volatility. Price remains near the upper band during the late morning and afternoon, signaling continued bullish participation. A contraction of the bands into the evening suggested a potential pause in momentum, though buyers re-entered around $0.01776, pushing price back to the upper edge of the band.

Volume & Turnover

Trading volume spiked to over 6 million VET during the 08:30–09:45 ET window, coinciding with the breakout above $0.01753. Notional turnover mirrored this activity, peaking at $105,000 during the same period. Volume and turnover both declined during the afternoon pullback to $0.0175–$0.0176, indicating weaker bearish conviction. The overall alignment between volume and price action supports the bullish narrative.

Fibonacci Retracements

Applying Fibonacci to the recent swing from $0.01726 to $0.01776, price currently sits near the 61.8% retracement level (~$0.01760), suggesting a possible consolidation zone. A move beyond $0.01778 would target the 78.6% level (~$0.01785), while a pullback to $0.01755 aligns with the 38.2% retracement, which could act as a key support.

Backtest Hypothesis

A proposed backtest strategy aims to evaluate the profitability of trading Bullish Engulfing patterns on VET/USDT. Historical data for this pattern between 2022-01-01 and 2025-10-26 is currently unavailable due to a technical error in data storage. To proceed, the dataset must be re-downloaded in smaller intervals (e.g., yearly) or obtained from an alternative source like Binance or TradingView. If specific event dates for the Bullish Engulfing patterns are available, they can be manually inputted to initiate the backtest. Alternatively, narrowing the backtest period (e.g., from 2023-01-01 onward) may reduce file size and resolve the issue. Once the event data is retrieved, the strategy will test signal efficacy by analyzing post-event price behavior, including average returns, win rates, and drawdowns.