Market Overview for VeThor Token/Tether (VTHOUSDT) – 2025-11-03

• VTHOUSDT traded in a tight range with bearish momentum, closing at 0.001011 after testing 0.001095 intraday.
• RSI and MACD suggest oversold conditions with weak bullish momentum, while volume remained elevated in the first half of the day.
• A key support level formed near 0.001015-0.001020, with a potential resistance cluster at 0.001055-0.001070 based on recent swing highs.
• Bollinger Bands showed a moderate expansion, with price near the midline, reflecting a sideways consolidation phase.
• Fibonacci retracements highlight 61.8% support at 0.001027, which could be key for a potential short-term bounce.

VTHOUSDT opened at 0.001049 on 2025-11-02 at 12:00 ET and reached a high of 0.001095 before closing at 0.001011 on 2025-11-03 at 12:00 ET. The pair traded as low as 0.000964 during the 24-hour period. Total traded volume was 585.86 million, with notional turnover amounting to 593.44. The price action reflected a bearish bias, with consolidation forming ahead of a potential breakout.

Structure & Formations

The 15-minute chart displayed several significant bearish formations, including a large bearish engulfing pattern near the 0.001070 level on 2025-11-02 at 23:45, signaling potential capitulation. Later in the session, a bullish harami near 0.001005 on 2025-11-03 at 05:00 suggested a temporary pause in the downtrend. Key support levels emerged at 0.001015 and 0.001005, both of which saw multiple tests and rejections over the 24-hour window. Resistance remains clustered between 0.001045 and 0.001060, with bearish pressure continuing to dominate the structure.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages both trended lower, with the 20 SMA crossing below the 50 SMA, forming a bearish crossover. On the daily chart, the 50-period moving average at 0.001053 acted as a resistance level, while the 200-period MA at 0.001065 reinforced the bearish bias. The price closed below both key averages, indicating continued bearish sentiment.

MACD & RSI

The MACD line crossed below the signal line in the early morning session, reinforcing the bearish bias. The histogram showed a moderate divergence as the downtrend stalled around the 0.001015 level. RSI dipped into oversold territory, reaching 26 by midday, suggesting potential for a short-term bounce. However, the RSI failed to form a bullish divergence, indicating that bearish momentum remains intact.

Bollinger Bands

Bollinger Bands reflected increased volatility during the morning hours, expanding as price tested the upper band at 0.001095 before retreating. By midday, the bands had contracted, indicating a period of consolidation. Price closed near the lower band, suggesting that bearish forces remain in control, and a test of the lower band’s support could provide a setup for a potential reversal or continuation.

Volume & Turnover

Volume was concentrated in the first half of the 24-hour window, particularly around 19:30 to 21:45 UTC, where turnover spiked due to a sharp pullback from 0.001093 to 0.001065. Later, volume tapered off as price moved sideways, indicating a lack of conviction on the bearish side. A divergence between rising price and declining volume was observed near 0.001030, hinting at a potential exhaustion of the short-term downtrend.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci retracement level at 0.001027 became a focal point, with price failing to break through this level twice in the morning. On the daily chart, the 61.8% level of the prior swing (0.001095 to 0.000964) came in at 0.001029, which now overlaps with key support. The inability to hold above this level may trigger a deeper pullback toward 0.001005 or even 0.000990 in the near term.

Backtest Hypothesis

Given the presence of key Fibonacci levels and bearish candlestick formations, a potential backtesting hypothesis could be constructed around a "Bullish Engulfing at 61.8% Fibonacci Support" strategy. This setup would aim to identify bullish engulfing patterns that occur at or near the 61.8% Fibonacci retracement of a recent swing, using a strict rule such as “price within ±0.5% of the 61.8% retracement level.”

For VTHOUSDT, the 61.8% support at 0.001027 has shown resistance to bearish momentum, and a bullish engulfing pattern forming at this level could serve as a high-probability entry for a short-term long position. The backtest would then evaluate the performance of such a setup over a 24-hour holding period, with the aim of identifying whether these patterns, when confirmed at key Fibonacci levels, can yield consistent returns.