Summary
•
consolidated near 4.35 before surging to 4.51 on elevated volume and momentum.
• Key support at 4.34–4.35 held; 4.37–4.43 acted as resistance during midday push.
• Late-session rally showed strong bullish momentum, with RSI approaching overbought territory.
• Bollinger Bands expanded significantly in the final hours, signaling heightened volatility.
• Turnover spiked sharply after 16:00 ET, confirming breakouts above prior highs.
24-Hour Price and Volume Summary
At 12:00 ET on 2026-01-02, Venus/Tether (XVSUSDT) opened at 4.31, reached a high of 4.51, and closed at 4.50. The daily low was 4.30. Total volume for the 24-hour period was 31,315.23 units, with a notional turnover of $139,539.70.
Structure and Momentum
The price of XVSUSDT remained range-bound between 4.30 and 4.36 for most of the day before breaking out decisively after 16:00 ET. A strong bullish breakout above 4.42 confirmed a shift in sentiment. The final 5-minute candles showed long upper shadows and strong closes, indicating buying pressure.
Key Levels and Patterns
The 4.34–4.35 level appeared to function as a strong support zone, with several pullbacks finding buyers. A bullish engulfing pattern emerged at 16:00 ET, following a key resistance test at 4.42. Fibonacci retracements showed a 61.8% level at 4.48, which appears to be a potential near-term resistance.
MACD and RSI Signals
The MACD crossed into positive territory in the final hours of the session, confirming the bullish breakout. RSI climbed to 68, suggesting the pair is nearing overbought territory, though it hasn't peaked yet. The divergence between price and momentum indicators remains narrow, suggesting the rally could have legs.
Volatility and Bollinger Bands
Bollinger Bands expanded sharply after the 16:00 ET breakout, signaling increased volatility. Price closed near the upper band, indicating a strong move. The expansion may continue, or a contraction phase could follow if the rally stalls.
Looking ahead, XVSUSDT appears to have momentum favoring higher prices, with a likely test of 4.48–4.50. Traders should monitor the 4.40 level for early signs of a pullback or continuation. As with all volatile assets, sudden reversals remain a risk, especially with RSI approaching overbought levels.
Comments
No comments yet