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Summary
• Price consolidates near 0.0118–0.0119 key support/resistance.
• Bearish momentum dominates with RSI near oversold levels.
• Volatility remains muted, with Bollinger Bands contracting.
• Volume spikes early but tapers off in late ET hours.
VeChain/Tether (VETUSDT) opened at 0.01194 on 2026-01-09 12:00 ET, reached a high of 0.01205, and a low of 0.01164, closing at 0.01191 by 12:00 ET on 2026-01-10. Total volume was 99,604,040.6 and turnover stood at 1,182,917.07 USD over the 24-hour window.
Structure and Candlestick Formations
Price remains in a tight 0.01164–0.01205 range, with strong resistance at 0.01194 and support at 0.01176. A bearish engulfing pattern formed on 2026-01-09 17:30 ET, followed by a long lower shadow doji at 0.01184, signaling indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs remain below price, supporting a bearish bias. Daily averages (50/100/200) suggest a wider consolidation is forming, with no clear breakout in sight.

Momentum and Overbought/Oversold Levels
RSI has drifted into oversold territory below 30, but lacks follow-through buying. MACD remains bearish with a narrowing histogram, pointing to weakening downward momentum.
Volatility and Bollinger Bands
Volatility has been low, with Bollinger Bands narrowing into a potential consolidation pattern. Price remains within the 1σ range, suggesting range-bound action is likely to continue.
Volume and Turnover
Volume peaked early in the session with a strong bearish move, then significantly declined after 06:00 ET. Turnover remains proportional to price movement, with no divergence detected.
Fibonacci Retracements
A 5-minute swing from 0.01205 to 0.01164 has price testing 61.8% (0.01181) and 38.2% (0.01191) levels. The 0.01191 mark aligns with recent closing prices, suggesting a key area to watch for potential reversals.
Forward-Looking View
If price breaks below 0.01176, a retest of 0.01164 could follow, but a rebound from current levels remains a possibility if buyers step in. Traders should remain cautious as consolidation could continue or break in either direction in the next 24 hours.
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