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Summary
• Price broke above 5.69, forming bullish engulfing and higher volume.
• RSI near overbought, suggesting momentum could pause or reaccelerate.
• Volatility expanded after 4:15 AM ET with a 5.64–5.76 range, matching Bollinger Band breakout.
• 5.75–5.76 appears strong resistance; 5.72–5.73 likely support.
• Turnover surged during the 12:15–14:45 ET rally, confirming bullish bias.
Venus/Tether (XVSUSDT) opened at 5.68 on 2026-01-16 at 12:00 ET, reached a high of 5.82, a low of 5.64, and closed at 5.79 at 12:00 ET. Total volume traded was 42,794.38, with notional turnover of $244,294.31.
Structure & Formations
The 24-hour chart displayed a bullish bias, with price consolidating above key support at 5.68 and breaking through 5.69 with a bullish engulfing pattern. A notable breakout occurred at 4:15 AM ET when price gapped down to 5.64 but reversed sharply, forming a hammer-like reversal. The daily close at 5.79 appears above the 20-period 5-min moving average and near the 50-period daily level, suggesting bullish continuation is likely.
Moving Averages

MACD & RSI
The MACD turned positive in the final 6 hours, confirming bullish momentum. RSI peaked near 70, signaling overbought conditions, which may pause the rally. However, the sustained bullish MACD suggests RSI may re-enter neutral territory without a reversal.
Bollinger Bands
Bollinger Bands expanded significantly during the 4:15 AM–9:00 AM ET period, with price bottoming at 5.64 near the lower band and closing above the upper band at 5.82. This suggests increased volatility and potential continuation of the bullish trend.
Volume & Turnover
Volume surged during the morning breakout (4:15–6:00 AM ET) and again in the late morning (12:15–14:45 ET), confirming the bullish price action. Turnover also spiked in those windows, showing increased participation and conviction. No significant divergence was observed between price and volume.
Fibonacci Retracements
Key Fibonacci levels for the recent 5.64–5.82 swing include 5.67 (38.2%), 5.71 (50%), and 5.76 (61.8%). Price found resistance at 5.76 and consolidated near 5.75 before closing at 5.79, suggesting a potential move toward 5.76 or 5.81 on a retest.
Price appears to have broken out of a key consolidation range and is currently consolidating near 5.75–5.79. A close above 5.76 may confirm further bullish momentum, potentially targeting 5.81. However, a drop below 5.72 could trigger a retest of 5.70–5.68 as short-term support. Investors should monitor RSI levels and volume for signs of a potential pullback.
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