Summary
• Price dropped from 4.19 to 4.09, forming bearish patterns and breaking below key support levels.
• High volume surges during breakdowns indicate strong bearish conviction.
• RSI dipped into oversold territory, suggesting potential for short-term bounce.
• Bollinger Band contraction observed early, followed by a sharp expansion as volatility spiked.
• 5-minute MACD turned negative, confirming bearish momentum.
Venus/Tether (XVSUSDT) opened at 4.19 on 2025-12-22 at 12:00 ET, reaching a high of 4.19 and a low of 4.03 before closing at 4.10 on 2025-12-23 at 12:00 ET. Total volume for the 24-hour period was 57,206.73, with notional turnover of 237,510.75.
Structure & Formations
Price formed a bearish breakdown below the 4.13 support level, with a notable 5-minute bearish engulfing pattern at 05:15 ET marking the start of the trend shift. A doji near 4.09 at 12:45 ET may signal temporary equilibrium, though the broader structure remains bearish. Key resistance is now at 4.13–4.15, while the next support appears at 4.07–4.09.
Moving Averages
The 5-minute 20- and 50-period SMAs confirmed the downward trend after 05:30 ET. Daily 50/100/200 MA levels are not immediately visible in this data window, but the 5-minute structure suggests the short-term trend is aligned with the longer bearish trend.
MACD & RSI
MACD turned negative around 05:15 ET, confirming the bearish momentum. RSI dipped below 30 after 09:45 ET, reaching a low of 27, indicating potential for a short-term rebound. However, a failure to break back above 4.13 may confirm a deeper bearish continuation.
Bollinger Bands
Early in the 24-hour window, Bollinger Bands were contracting, indicating low volatility. Following the breakdown at 05:15 ET, the bands expanded significantly as price dropped toward 4.03, confirming increased volatility and bearish pressure.
Volume & Turnover
Volume spiked during the breakdowns at 05:15 and 07:45 ET, confirming the bearish moves. The highest volume spike reached 9,569.1 units at 05:15 ET, with a corresponding drop in price. No major price-turnover divergence was observed; price and volume moved in tandem during key bearish moves.
Fibonacci Retracements
On the 5-minute chart, the drop from 4.19 to 4.09 aligns with the 61.8% Fibonacci level, reinforcing the bearish structure. A short-term bounce from 4.09–4.10 may find resistance at the 38.2% level around 4.12.
Venus/Tether appears to have entered a bearish consolidation phase after a sharp breakdown from key support. While RSI may encourage a short-term bounce, the broader structure suggests a test of the next support near 4.07 could follow. Investors should monitor for a break above 4.13 as a potential reversal signal or a further breakdown below 4.09 as confirmation of bearish momentum.
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