Market Overview for VeChain/Tether (VETUSDT): 24-Hour Analysis

Summary
• Price declined to a 24-hour low of $0.01131 before rebounding, forming bullish reversal patterns.
• Strong volume surges occurred during the downtrend but failed to support price, hinting at selling pressure.
• RSI and MACD suggest oversold conditions, potentially indicating a near-term bounce.
• Bollinger Bands show tightening volatility in the final hours, possibly preceding a breakout.
• 20-period and 50-period moving averages on the 5-min chart remain bearish, despite late-session consolidation.

VeChain/Tether (VETUSDT) opened at $0.01174 on 2026-01-11 at 12:00 ET and closed at $0.01134 on 2026-01-12 at 12:00 ET, reaching a high of $0.01188 and a low of $0.01131. The 24-hour volume was approximately 82,494,032.6 units, with a notional turnover of around $945,133.56.

Structure & Formations

The price action showed bearish dominance early in the session with a strong selloff from $0.01175 to a low of $0.01131. A key bullish reversal pattern emerged at the 24-hour low as the price closed higher in the last few hours. The 0.0114–0.0115 level appears as a critical support zone, while $0.01172 acts as a key resistance.

Moving Averages

The 20- and 50-period moving averages on the 5-minute chart remained below price for most of the session, signaling short-term bearish momentum. The daily 50- and 200-period moving averages also trended lower, reinforcing the bearish bias, though the 50-period line appears to have started flattening in the final hours, hinting at possible short-term stabilization.

MACD & RSI

The RSI dipped into oversold territory below 30 during the price’s fall to $0.01131, suggesting the potential for a near-term bounce. The MACD showed negative momentum during the selloff, but the divergence between price and momentum could imply a short-term correction.

Bollinger Bands

Bollinger Bands reflected a period of volatility contraction during the late hours of the session, particularly between 08:00 and 12:00 ET, as the price consolidated within a narrow range. This may precede a breakout or breakdown depending on the next major move.

Volume & Turnover

The largest volume spikes occurred during the initial selloff, with over 14 million VET traded at 20:30 ET. Notional turnover increased during the same period, confirming the strength of the bearish move. However, volume weakened in the final 5 hours, coinciding with price consolidation, suggesting a potential balance in buying and selling pressure.

Fibonacci Retracements

Fibonacci levels from the recent high of $0.01188 to the low of $0.01131 show a 61.8% retracement at $0.01159, which coincides with a key resistance level. Price appears to have stalled at this level multiple times, suggesting it could remain a key point of contention in the near future.

The market appears to be consolidating after a sharp selloff, with bearish momentum slowing and technical indicators suggesting a potential short-term bounce. Investors should watch for a breakout above $0.01155 to confirm a reversal, though bearish risk remains elevated if the $0.0114 level breaks again. As always, market conditions could shift quickly with broader macroeconomic or crypto-specific triggers.