Summary
•
broke above key resistance at $0.01185, forming bullish engulfing patterns in the early morning session.
• RSI reached 56, signaling moderate bullish momentum with no overbought conditions yet.
• Bollinger Bands showed a moderate expansion, with prices trading above the 20-period moving average.
• Volume surged in the 02:00–05:00 ET window, coinciding with a sharp rally.
• A 38.2% Fibonacci retracement level at $0.01178 may act as immediate support ahead of 61.8% at $0.01171.
VeChain/Tether (VETUSDT) opened at $0.01169 on 2026-01-03 12:00 ET, reached a high of $0.01222, and closed at $0.01222 as of 2026-01-04 12:00 ET, with a low of $0.01160. Total 24-hour volume was 60,914,533.3 and turnover reached $731,091.11.
Structure & Formations
The price of VETUSDT exhibited a strong bullish bias following a breakout above key resistance at $0.01185, with a bullish engulfing pattern forming at the start of the morning session. A strong move to $0.01222 confirmed a reversal from a prior consolidation phase. A doji appeared at $0.01175, suggesting indecision, but was followed by a strong upward thrust. Key support levels are now at the 38.2% Fibonacci retracement at $0.01178 and the 61.8% level at $0.01171.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart both crossed above $0.01170 by midday on 2026-01-04, reinforcing the bullish trend. The daily chart shows the 50-period and 100-period moving averages converging at $0.01178, suggesting possible consolidation ahead if momentum stalls.
MACD & RSI
The RSI reached 56, signaling moderate bullish momentum with no overbought conditions yet. The MACD crossed into positive territory after a sharp rally in the early morning, with the histogram expanding as volume surged. This suggests continued upward pressure, though caution is needed if RSI approaches 65.
Bollinger Bands
Bollinger Bands showed a moderate expansion during the early morning rally, with prices staying above the 20-period moving average throughout the session. This suggests elevated volatility and a continuation of the bullish trend.
Volume & Turnover
Trading volume spiked in the 02:00–05:00 ET window, coinciding with a sharp price rally toward $0.01204. Turnover also saw a strong increase, confirming the price action. No significant divergence between volume and price was observed, indicating a robust move.
Looking ahead, VETUSDT appears poised to test the $0.01230 level with strong momentum, though a pullback to the 38.2% Fibonacci at $0.01178 could provide a re-entry opportunity. Investors should monitor for a potential consolidation phase if resistance at $0.01225 fails to hold.
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