Summary
• Price formed key support at $4.49 and tested resistance at $4.59, with mixed momentum signals.
• Volume spiked during late-night to early-morning hours, but price consolidation emerged by afternoon ET.
• RSI remained in mid-range territory, suggesting neither strong bullish nor bearish momentum.
• A bullish engulfing pattern emerged at 02:30 ET, followed by a bearish reversal at 09:15 ET, indicating indecision.
• Bollinger Bands tightened near $4.51–$4.53, suggesting potential volatility ahead.
Market Overview
Venus/Tether (XVSUSDT) opened at $4.47 on 2025-12-12 12:00 ET, reached a high of $4.60, a low of $4.47, and closed at $4.54 by 2025-12-13 12:00 ET. Total 24-hour volume was 18,912.95, and turnover was $85,735.
Structure & Formations
The pair formed a clear support level at $4.49, where multiple consolidations occurred and a doji appeared at 19:45 ET. A bearish reversal pattern followed a bullish engulfing at 02:30 ET, indicating a tug-of-war between buyers and sellers. Key resistance emerged at $4.59, with two failed attempts to break above it before a pullback.
Moving Averages
On the 5-minute chart, the price hovered above the 50-period SMA but oscillated around the 20-period line. On the daily chart, the 50-period SMA sits at $4.48, and the 200-period SMA at $4.45, suggesting a potential bias to the upside should the rally confirm.
Momentum and Volatility
MACD remained flat with no clear bullish or bearish divergence, and RSI fluctuated between 42 and 58, indicating a balanced market. Bollinger Bands narrowed during the afternoon ET, suggesting a period of consolidation could be followed by a breakout.
Volume and Turnover
Volume surged between 00:00 and 03:00 ET, coinciding with a push toward $4.60, but waned afterward as price retraced. Turnover was highest during this period, confirming the move. In contrast, afternoon and early evening trading saw reduced volume despite price movement, indicating weaker conviction.
Fibonacci Retracements
Fibonacci levels applied to the 5-minute swing from $4.47 to $4.60 showed a 61.8% retracement at $4.52 and 38.2% at $4.54, aligning with the final 24-hour close. This suggests a potential pause or correction before further movement.
Venus/Tether appears to be in a phase of consolidation, with key support and resistance levels clearly defined. A sustained move above $4.59 could attract new buyers, while a breakdown below $4.49 might trigger further short-term bearish activity. Investors should remain cautious and watch for confirmation of either scenario.
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