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Summary
• Price surged to $4.79 before consolidating around $4.71–$4.75.
• Volume spiked at 15:15 ET with 14,280.22 XVS traded, confirming bullish momentum.
• RSI reached overbought levels, suggesting possible near-term pullback.
• Bollinger Bands showed expansion, indicating heightened volatility.
• Key resistance appears at $4.75–$4.79, with support at $4.69–$4.71.
Venus/Tether (XVSUSDT) opened at $4.63 on 12/7, surged to a high of $4.79, and closed at $4.71 by 12:00 ET on 12/8. The pair traded a 24-hour volume of 44,921.19 XVS and a turnover of $207,618.37.
Structure and Support/Resistance
The price formed a bullish impulse phase from $4.63 to $4.79, with key resistance clustering at $4.75–$4.79. A potential bearish consolidation pattern has emerged as price has retreated into the $4.71–$4.75 range. The 61.8% Fibonacci retracement from the recent high aligns with $4.71, offering initial support.
Momentum and Indicators
RSI reached overbought territory near 75 during the late morning surge, suggesting potential short-term pullback. MACD showed a bullish crossover and positive divergence in the 5-minute chart, confirming recent buying pressure.

Volatility and Bollinger Bands
Bollinger Bands expanded during the peak rally, signaling increased volatility. The price has since consolidated within the upper band, suggesting the market is assessing the significance of the $4.75–$4.79 level. A break above this range could extend the move higher, while a retest of the lower band at $4.69 could trigger a correction.
Volume and Turnover
Volume surged to 14,280.22 XVS at 15:15 ET, confirming the $4.75 close. Turnover matched this volume increase, reinforcing the strength of the move. However, volume has declined in the past two hours, suggesting short-term uncertainty. Divergence between volume and price during the consolidation phase hints at possible reversal setups.
Given the recent strength and overbought RSI, a retest of key support at $4.71 could occur in the next 24 hours. Investors should monitor the 20SMA and Bollinger Band position for early signs of a breakout or reversal.
Caveat
While the near-term bullish setup remains intact, sudden volume divergence or a break below $4.69 could shift the bias bearish. Position sizing should reflect the elevated volatility and potential for sharp corrections.
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