Market Overview for VeThor Token/Tether

Summary
• Price rose 0.59% over 24 hours, forming a bullish flag pattern amid tight consolidation.
• RSI hovered near neutral territory, suggesting balanced momentum without clear overbought conditions.
• Late-session volume surged, confirming a potential breakout attempt above 0.000863.
• Bollinger Bands showed a recent expansion, indicating a rise in volatility ahead of a key 0.000865 resistance.
• A bullish engulfing pattern formed at 0.000862–0.000863, signaling short-term bullish intent.

Market Overview

VeThor Token/Tether (VTHOUSDT) opened at 0.000846 on 2026-01-16 12:00 ET and closed at 0.000863 on 2026-01-17 12:00 ET, hitting a high of 0.000872 and a low of 0.000834. Total volume over the 24-hour window was 173,072,472.0 with a turnover of approximately 146,510.01 USDT.

Structure & Formations

Price action formed a tight consolidation pattern, followed by a bullish flag formation between 0.000842 and 0.000863. A bullish engulfing pattern emerged near 0.000862–0.000863, supporting a near-term breakout scenario. Key resistances appear at 0.000865 and 0.000870, while strong support is visible around 0.000859.

Moving Averages

On the 5-minute chart, price closed above both the 20 and 50-period moving averages, indicating positive short-term momentum. Daily averages (50, 100, 200) show a neutral to slightly bullish bias, with the 50-period line crossing above the 100-period line early in the session.

MACD & RSI

The MACD histogram showed a recent positive expansion, reinforcing the bullish bias. RSI hovered around the 55–60 range for much of the session, avoiding overbought conditions. A minor divergence appeared in late hours, but it was not strong enough to suggest a reversal.

Bollinger Bands

Bollinger Bands showed a clear expansion during the session, particularly in the final hours as price moved above the upper band briefly. This indicates increased volatility and potential for a breakout. Price has tested the lower band twice without a strong bearish follow-through.

Volume & Turnover

Volume spiked sharply in the last 6 hours of the session, especially between 02:00 and 08:00 ET, coinciding with a price push above 0.000862. Turnover mirrored the volume increase, confirming the strength of the late-session rally. No major divergence was observed between price and turnover.

Fibonacci Retracements

On the 5-minute chart, price found support at the 61.8% level of the recent bearish swing (0.000872 to 0.000842), reinforcing the validity of the current rally. On the daily chart, the 38.2% retracement level at 0.000865 may offer a key test for further upside.

Over the next 24 hours, VTHOUSDT may attempt to break above 0.000865 with a potential target at 0.000870, but risks a pullback if buyers falter near this level. Investors should remain cautious of any sharp volume spikes or bearish divergences.