Market Overview for VeThor Token/Tether (VTHOUSDT) on 2025-10-23

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Thursday, Oct 23, 2025 8:45 pm ET2min read
Aime RobotAime Summary

- VTHOUSDT fell 0.000005 (0.41%) over 24 hours, closing at 0.001211 amid bearish momentum and key support tests.

- Surging volume at reversal points and RSI hitting oversold levels (below 30) signaled potential short-term rebounds.

- Technical indicators showed bearish alignment: downward-moving averages, bearish engulfing patterns, and MACD bearish crossover.

- A backtest strategy using bullish engulfing patterns at trend ends was proposed to capture rebounds from 61.8% Fibonacci support (0.001184).

• The 24-hour VTHOUSDT pair declined from 0.001216 to 0.001211, showing bearish pressure with a negative close.
• Volatility remained moderate, with Bollinger Bands indicating price tested both the upper and lower boundaries.
• RSI dipped into oversold territory by late hours, suggesting potential for a near-term rebound.
• Volume surged near key reversal points, particularly in the last 6 hours, hinting at active participation.
• A bullish engulfing pattern emerged in the early morning, but failed to sustain momentum.

The VeThor Token/Tether pair (VTHOUSDT) opened at 0.001213 on 2025-10-22 at 12:00 ET, reaching a high of 0.001226 and a low of 0.001152 before closing at 0.001211 by 12:00 ET on 2025-10-23. Total trading volume for the 24-hour window was approximately 107,873,542, with a notional turnover of roughly $130.8 million, calculated using the close price as reference.

On the 15-minute chart, the pair displayed a bearish bias, with key support levels forming at 0.001196 and 0.001178, both of which held in multiple test attempts. Resistance levels were seen at 0.001217 and 0.001222, with the latter showing partial rejection. A bearish engulfing pattern appeared in the late evening hours, confirming a short-term downtrend. The 20-period and 50-period moving averages both sloped downward, reinforcing the bearish sentiment.

The RSI indicator entered oversold territory by the early morning, with a reading dipping below 30, indicating potential for a minor bounce. The MACD crossed below the signal line, suggesting bearish momentum. Bollinger Bands showed a modest expansion, with price fluctuating near the lower band during the session, indicating low volatility.

Fibonacci retracement levels showed a 38.2% retracement at 0.001200 and 61.8% at 0.001184, both of which were tested multiple times, with the 61.8% level acting as a key support. Price action suggested traders might be watching these levels closely for potential reversals. Volume activity was notably higher during the price recovery attempts in the late hours, indicating increased participation and sentiment shifts.

The backtest hypothesis explores a simple yet data-driven approach using candlestick patterns as entry signals. The strategy triggers a long position when a Bullish Engulfing pattern appears at the end of a bearish trend, using the close price as the entry point. The position is held for exactly three trading days without using stop-loss or take-profit rules, relying solely on time-based exit. Given the 15-minute timeframe used in the preceding analysis, the presence of a Bullish Engulfing pattern in the early morning (e.g., at 04:45–05:00 ET) aligns with the strategy’s logic. The strategy’s performance is then evaluated using historical data from 2022–01–01 to 2025–10–23, with a visual report capturing equity curves, drawdowns, and trade statistics. This approach could potentially capture rebounds from oversold conditions or key support levels, making it a viable addition to the broader technical analysis presented.