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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.

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.
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.
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