Market Overview: Venus/Tether (XVSUSDT) 24-Hour Movement on 2025-09-18

• Venus/Tether (XVSUSDT) rose from $6.46 to $6.96 amid a late-night surge, with over 253,000 volume traded.
• A strong bullish engulfing pattern formed between 08:00–08:15 ET, confirming upward momentum.
• RSI hit overbought territory above 70, signaling potential short-term exhaustion.
• Volatility expanded in the 24-hour period, with Bollinger Bands widening after midday.
• Turnover spiked sharply during the early morning hours, indicating strong accumulation.

The XVSUSDT pair opened at $6.46 on 2025-09-17 at 12:00 ET and reached a high of $6.98 before closing at $6.80 as of 12:00 ET on 2025-09-18. Total 24-hour volume reached 253,062.14, with a notional turnover of $1,717,699.72, indicating heightened interest and liquidity during the period. The price action reflects strong buyer participation in the overnight session, with a notable breakout above prior resistance levels.

Structure & Formations

Key support levels were identified at $6.70 and $6.52, both of which held during retracement phases. Resistance levels at $6.80 and $6.96 were tested multiple times, with the final close slightly below $6.80, suggesting consolidation. A bullish engulfing candle formed on the 15-minute chart around 08:15 ET, indicating a reversal in the short-term bearish trend. A doji candle appeared at 00:30 ET, suggesting indecision and a potential turning point in the broader downtrend before a rally began.

Moving Averages & Momentum

The 20-period and 50-period moving averages on the 15-minute chart intersected in the early hours, forming a golden cross at $6.72–$6.74, which coincided with a breakout. On the daily chart, the 50-period SMA sits at $6.68, above the 200-period SMA, indicating a moderate bullish trend. Momentum, as measured by MACD, showed a positive crossover in the morning session, with bullish divergence noted between price and RSI during the late-night surge. RSI reached overbought territory above 70, suggesting possible near-term correction.

Bollinger Bands & Volatility

Bollinger Bands widened significantly during the early morning hours, reflecting increasing volatility. Price action stayed within the upper band for much of the 24-hour period, indicating strong bullish control. A contraction in the bands occurred between 00:00–01:00 ET, signaling a potential breakout that materialized in the following hours. The close at $6.80 is just below the upper band, suggesting that the upward move may not be over but could face near-term resistance.

Volume & Turnover

Volume spiked dramatically at 08:45 ET, coinciding with the $6.98 high, where over 25,000 units were traded. This volume confirmed the price break above $6.90, suggesting strong buying interest. However, turnover started to normalize after 10:00 ET, indicating a possible topping pattern. Divergence between price and turnover was observed during the final 4 hours of the day, as price pulled back slightly while volume remained moderate, hinting at potential profit-taking.

Fibonacci Retracements

Fibonacci retracement levels applied to the major swing from $6.44 to $6.98 showed 61.8% at $6.83 and 38.2% at $6.72. The close at $6.80 suggests that the 61.8% level is a key area of resistance. A retest of the 38.2% level is likely in the next 24 hours if a pullback occurs. Daily retracements from the prior week’s swing also show the $6.80 level as a potential consolidation zone.

Backtest Hypothesis

The described backtesting strategy, which involves entering a long position when price crosses above the 50-period SMA and exits when RSI exceeds 70, aligns well with the recent price action observed in this 24-hour period. The golden cross at $6.74 was followed by a strong rally to $6.98, and the RSI did exceed 70, offering a clear exit point. A similar strategy, applied over multiple cycles, could help filter out weaker trends and capture the momentum of stronger bullish moves, particularly in high-volume environments such as the one observed on 2025-09-18.