Market Overview for Venus (XVSUSDT)

• Venus (XVSUSDT) declined 5.5% over 24 hours, hitting a low of $6.32 amid heavy afternoon selling.
• A bearish engulfing pattern formed around $6.52–6.62, followed by a large 15-minute sell-off to $6.32.
• Volume spiked to 4,482.12 on the 15-min chart, while turnover surged during the sharp afternoon selloff.
• MACD turned negative, and RSI approached oversold levels, suggesting short-term exhaustion in the downside.
• Bollinger Bands widened in the latter half of the day, signaling a period of increased volatility.

Venus (XVSUSDT) opened at $6.52 on 2025-08-24 at 12:00 ET and traded as high as $6.81 before closing at $6.35 at 12:00 ET on 2025-08-25. Total volume for the 24-hour period reached 44,821.2, with notional turnover reflecting significant afternoon selling pressure.

Structure & Formations

The price of Venus formed a bearish engulfing pattern near $6.52–6.62, followed by a sharp intraday sell-off that reached $6.32. A large red candle at 19:45 ET (2025-08-24) confirmed bearish momentum, with a high of $6.81 and a low of $6.53. A potential support level appears to have formed around $6.32–6.35, marked by consolidation and a few small bullish retracements in the final hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward, confirming the bearish bias. The price closed below both in the final candle of the 24-hour window. On the daily chart, Venus is trading below the 50, 100, and 200-day moving averages, which could indicate a continuation of the broader downtrend.

MACD & RSI

The MACD turned negative in the mid to late afternoon session, with the histogram showing bearish divergence as price made lower highs. RSI dropped to 29 near the 12:00 ET close, suggesting the asset is near oversold territory. However, this may not signal an immediate reversal without a strong bullish candle or volume confirmation.

Bollinger Bands

Bollinger Bands showed a contraction in the morning, followed by a sharp widening as the selloff accelerated after 19:00 ET (2025-08-24). The price closed near the lower band, indicating the move was driven by increased bearish volatility. A test of the lower band in the next session may offer a short-term floor or a trigger for further selling.

Volume & Turnover

Volume spiked to 21,692.12 during the large bearish candle at 19:45 ET, confirming the selloff had strong bearish conviction. Turnover also surged in the late afternoon and early evening hours. However, volume in the final 6 hours of the period was relatively light, suggesting bearish momentum may be waning.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart include 61.8% at $6.37 and 38.2% at $6.58. Price found temporary support at the 61.8% level before closing slightly lower. On the daily chart, the 61.8% retracement level for the larger swing high is around $6.35, aligning with recent consolidation.

While XVSUSDT appears to have reached a short-term trough with oversold RSI, the next 24 hours could see further consolidation or a small bounce within the $6.35–$6.50 range. Investors should remain cautious as key support at $6.32 is thin and could be broken if bearish momentum resumes.