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Summary
• Price declined from $4.29 to $4.14 on a bearish 5-minute pattern and increased volume.
• RSI near oversold territory, suggesting potential short-term bounce.
• High volatility observed with a wide Bollinger Band expansion.
• Turnover surged after 20:00 ET, coinciding with a sharp pullback.
At 12:00 ET on 2025-12-21, Venus/Tether (XVSUSDT) opened at $4.28, peaked at $4.29, and closed at $4.14, with a 24-hour low of $4.12. Total trading volume reached 17,400.05, and notional turnover hit $72,205.34.
Structure & Formations
Price tested key resistance at $4.25–$4.27 multiple times, but failed to hold, leading to a breakdown below $4.20. A bearish engulfing pattern formed around 20:00 ET, followed by a large bearish candle at $4.14–$4.17. The 24-hour range saw a clear shift to the downside, with support emerging at $4.12–$4.14.
Moving Averages
The 20 and 50-period 5-minute moving averages trended downward, reinforcing the bearish momentum. Daily 50/100/200 MA levels were not provided, but the 24-hour close at $4.14 appears to have broken below critical support, indicating a possible continuation of the downtrend.
MACD & RSI
The MACD turned negative with bearish crossover, signaling sustained selling pressure. The 14-period RSI reached 29 at the 24-hour close, entering oversold territory, which may hint at a potential short-term rebound, though bearish momentum remains intact.
Bollinger Bands
Volatility spiked as Bollinger Bands widened between $4.20 and $4.28 early in the session. Price closed near the lower band at $4.14, indicating a strong bearish bias with no sign of mean reversion.
Volume & Turnover
Volume surged after 20:00 ET, with a single candle at 20:00 ET showing $2,454 volume. Notional turnover spiked in line with the price drop, confirming bearish conviction. No significant divergence was noted between price and volume.
Fibonacci Retracements
The recent 5-minute swing from $4.29 to $4.12 aligns with 61.8% Fibonacci level at $4.16, where price briefly paused. The 24-hour move may test the 38.2% retracement at $4.19–$4.20 as a potential near-term resistance.

The market appears to be consolidating below key support, with momentum indicators favoring further downside. A potential bounce from $4.12–$4.14 could occur, but bears may still control the next 24 hours unless a strong bullish reversal forms. Investors should watch for a break below $4.12 or confirmation of a reversal pattern.
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