Summary
• XVSUSDT formed a bullish engulfing pattern near $4.65, suggesting potential short-term upside.
• Volume spiked during the $4.64–$4.67 range, supporting a potential pivot point.
• RSI remained in neutral territory, with no overbought or oversold extremes observed.
• Price traded within a narrowing Bollinger Band, indicating possible consolidation.
• Fibonacci retracement levels at 38.2% and 61.8% align with key 5-minute support levels.
Venus/Tether (XVSUSDT) opened at $4.69 on 2025-12-06 12:00 ET, reaching a high of $4.72 and a low of $4.53 before closing at $4.64 at 2025-12-07 12:00 ET. Total volume was 28,033.19, with a notional turnover of approximately $128,153.
Structure & Formations
The pair formed a bullish engulfing pattern near $4.65, suggesting a possible reversal after a dip. A long lower shadow at $4.64 on 2025-12-07 13:15 ET indicated buying pressure. A potential support zone emerged between $4.62 and $4.64, with resistance likely forming around $4.67–$4.69.
Moving Averages
Short-term 5-minute moving averages showed a flattening trend, with price hovering above the 20-period line. The daily 50-period and 200-period lines were not clearly visible over the 24-hour window, but price held above both, indicating a neutral-to-bullish bias in the near term.
MACD & RSI
MACD remained in a neutral range, with a slight bearish divergence during the $4.53–$4.61 correction. RSI stayed between 30 and 70, indicating balanced momentum with no strong overbought or oversold signals. Price appears to be consolidating ahead of a potential breakout.
Bollinger Bands
Volatility appeared to be contracting, with the Bollinger Band narrowing between $4.62 and $4.66. Price remained within the middle 60% of the band, suggesting limited directional bias and potential for a volatility expansion in the near future.
Volume & Turnover
Volume surged during the 14:15 ET to 14:30 ET timeframe as price dropped to $4.53, indicating strong selling pressure. Turnover also spiked during this phase, confirming the move. A divergence occurred between price and turnover during the 16:15–16:30 ET rally, suggesting a potential lack of conviction in the upward move.
Fibonacci Retracements
Applying Fibonacci retracements to the recent 5-minute swing from $4.72 to $4.53 showed key levels at 38.2% ($4.63) and 61.8% ($4.66) aligning with observed support and resistance zones. The 50% retracement level at $4.63 was tested multiple times, indicating potential for a short-term bounce.
Price may test the $4.66–$4.69 zone in the next 24 hours if buyers re-enter. However, a breakdown below $4.62 could accelerate downward momentum. Investors should remain cautious and watch for confirmation on volume and RSI.
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