Market Overview for Venus/Tether (XVSUSDT): 24-Hour Technical Summary

• XVSUSDT edged higher over 24 hours, closing near the daily high with a bullish bias in late ET trading.
• Volatility remained moderate, with volume peaking during a sharp late-ET upswing and stabilizing afterward.
• RSI approached overbought levels, suggesting momentum may be overextended but not yet exhausted.
• A 15-minute Bullish Engulfing pattern emerged near a key support zone, offering short-term bullish potential.
• The price tested recent Fibonacci 61.8% retracement levels before bouncing, signaling potential for a breakout.

Market Snapshot

At 12:00 ET on 2025-10-18, Venus/Tether (XVSUSDT) opened at 4.87, hit a high of 5.05, and closed at 5.02, with a low of 4.93 during the period. Total volume reached 45,080.47 over the 24-hour window, with notional turnover amounting to approximately 225,402.35. The price action featured a late-ET bullish reversal and a moderate build in momentum.

Structure and Candlestick Patterns

Price action over the 15-minute chart showed a key Bullish Engulfing pattern forming at 2025-10-18 01:30:00 ET, where a large bullish candle engulfed a bearish one, signaling a potential short-term reversal. Support zones were identified at 4.93–4.95, while resistance levels at 5.02–5.05 held during a late-ET rally. A Doji at 2025-10-18 02:00:00 ET suggested indecision ahead of the breakout.

Short-Term and Long-Term Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 4.96, with the price consistently above both lines after 2025-10-18 04:30:00 ET. For daily data, the 50-period MA hovered around 4.99, with the 100-period MA at 4.95 and the 200-period MA at 4.91, indicating a gradual but firm upward trend in the broader timeframe.

Momentum and Volatility Indicators

The RSI climbed to 68–70 during the late-ET upswing, suggesting the pair may be overbought, though not yet in extreme territory. The MACD crossed above the signal line around 2025-10-18 01:45:00 ET, confirming the bullish momentum. Bollinger Bands showed a moderate expansion during the rally, with price staying within the upper band for much of the late-ET session.

Fibonacci Retracements and Key Levels

Applying Fibonacci retracements to the key 15-minute swing from 4.93 to 5.05, the 61.8% level at 5.02 acted as a strong support/resistance pivot, and the price bounced off this level before consolidating. Daily retracement levels from a key prior swing high at 5.05 to a recent low at 4.93 also highlighted 5.02 as a critical near-term target, aligning with the 15-minute structure.

Volume and Turnover Analysis

Volume surged during the late-ET rally, particularly from 2025-10-18 01:30:00 to 04:30:00 ET, with a peak of 5,708.88 in a single 15-minute window. Notional turnover increased in tandem, confirming the strength of the rally. No significant divergence was observed between volume and price, indicating strong conviction in the bullish move.

Forward-Looking View and Risk Consideration

Looking ahead, XVSUSDT appears poised to test key resistance at 5.05–5.07, with a successful breakout potentially opening the path to 5.10. However, a pullback to test 4.93–4.95 remains a risk if bullish momentum weakens. Investors should monitor the RSI for overbought signals and volume trends to confirm any further uplegs.

Backtest Hypothesis

To test the short-term potential of XVSUSDT, we propose a backtest of the Bullish Engulfing pattern on the 15-minute chart. Assuming we could successfully retrieve the historical dates when this pattern occurred, the strategy would involve entering a long position at the close of the engulfing candle and holding for 3 days. The goal is to assess how frequently this pattern has resulted in positive returns, factoring in market context like Fibonacci levels and volume confirmation. Given the recent appearance of this pattern on 2025-10-18 and its alignment with a key support zone, a 3-day hold from this signal could yield meaningful insights into its predictive power. A successful backtest would strengthen the case for using this pattern as a buy trigger in similar setups.