Market Overview: VeThor Token/Tether Faces Key Support Amid Volatile 24-Hour Move

Summary
• Price drifted lower after forming a bearish engulfing pattern at 0.000876.
• RSI entered oversold territory, suggesting potential near-term reversal.
• Volume surged during the 18:00–20:00 ET selloff, confirming bearish momentum.
• Bollinger Bands widened as volatility spiked overnight.
• 20-period moving average on 5-min chart crossed below price, signaling bearish bias.

VeThor Token/Tether (VTHOUSDT) opened at 0.000877 on 2026-01-14 at 12:00 ET, hit a high of 0.000878, and a low of 0.000844, closing at 0.000867 as of 12:00 ET on 2026-01-15. Total volume was 237,674,652.0 with a notional turnover of 204,050.42.

The 24-hour price action for VTHOUSDT displayed a sharp decline from a high of 0.000878 to a low of 0.000844, driven by a significant volume spike during the selloff between 18:00 and 20:00 ET. A bearish engulfing pattern formed near 0.000876, followed by a breakdown below the 20-period 5-min moving average, reinforcing bearish momentum. RSI has entered oversold territory, which could signal short-term buying interest, though a strong bounce is not guaranteed.

Bollinger Bands expanded overnight, reflecting increased volatility, and price has spent much of the session near the lower band, indicating a distribution phase. The 50-period 5-min MA remains above price, suggesting medium-term bearish bias. On the daily timeframe, a breakdown below the 50-period MA could target 0.000850–0.000840, with 0.000844 serving as immediate support.

Looking ahead, a test of the 0.000844 support level is likely, with a possible bounce into the 0.000855–0.000860 range if buyers step in. Traders should remain cautious, as a break below 0.000844 could accelerate the downtrend.