Market Overview for Verge/Tether (XVGUSDT)

Summary
• Price formed a bullish engulfing pattern near key support at $0.00685.
• RSI dipped into oversold territory, suggesting potential short-term buying interest.
• Volume spiked during the breakdown attempt and subsequent rebound, signaling heightened activity.
• Price closed above the 50-period moving average, reinforcing near-term bullish momentum.
• Bollinger Bands widened in the final hours, indicating increased volatility and potential continuation.

Verge/Tether (XVGUSDT) opened at $0.007426 on 2026-01-13 12:00 ET, reached a high of $0.007600, a low of $0.006748, and closed at $0.007291 by 2026-01-14 12:00 ET. Total volume was 348,207,739.0, with a notional turnover of $2,495,197.53.

Structure & Formations

Price found strong support at $0.00685, where a bullish engulfing pattern formed. A key resistance level at $0.007314 was tested multiple times, with a breakout attempt visible in the final hours. A bearish divergence appeared on the 5-minute chart in the early morning, but it was rejected by buyers.

Moving Averages

The 50-period MA on the 5-minute chart acted as dynamic support, with price crossing above it in the final hours. On the daily chart, XVGUSDT remains below the 200-period MA, indicating a broader bearish trend despite short-term bullish momentum.

MACD & RSI

MACD lines remained negative but began to rise in the late hours, suggesting weakening bearish momentum. RSI hit oversold levels near 28 during the morning, followed by a modest rebound. However, RSI remains below 50, signaling that bullish strength is still limited.

Bollinger Bands

Volatility increased in the final 5 hours, with Bollinger Bands expanding. Price briefly traded near the upper band at $0.007600, indicating a possible breakout attempt. The lower band held at around $0.00685, reinforcing its role as support.

Volume & Turnover

Volume surged during the breakdown attempt at $0.00685 and the subsequent rebound, suggesting a key turning point in the 24-hour window. Turnover confirmed the price action with a sharp increase during this period. No major divergence was observed between price and volume in the final hours.

Fibonacci Retracements

The 61.8% Fibonacci level of the recent 5-minute swing from $0.006748 to $0.007485 was at $0.007145, which acted as a pivot point during the afternoon. Price may test the 50% retracement level at $0.007117 in the next 24 hours, which could determine the direction of the trend.

Over the next 24 hours, traders should watch for a potential rebound off the 61.8% Fibonacci level at $0.007145 and whether buying pressure can push XVGUSDT back above $0.007314. A breakdown below $0.006920 could indicate a new short-term bearish phase. Investors should remain cautious due to the mixed signals from momentum and trend indicators.