Market Overview for VeThor Token/Tether (VTHOUSDT) on 2025-11-08

• VTHOUSDT opened at 0.001197 and closed at 0.001199, with a high of 0.001256 and low of 0.001174.
• A notable bearish reversal pattern occurred on the 15-minute chart after the 18:15 ET peak.
• High volatility persisted into the early morning, with price retracing toward key Fibonacci levels.
• Trading volume surged at 18:15 ET but declined significantly after the 22:00 ET consolidation.
• RSI suggests oversold conditions in the late hours, hinting at potential short-term buying interest.

VTHOUSDT opened at 0.001197 on 2025-11-07 12:00 ET and closed at 0.001199 at 12:00 ET on 2025-11-08. The pair reached a 24-hour high of 0.001256 and a low of 0.001174. Total volume amounted to 793,321,211.00, and notional turnover for the period was approximately $965,894. The session featured a strong intraday correction after a sharp bullish move.

Structure & Formations

The 15-minute chart shows a bearish engulfing pattern around 18:15 ET as price rejected the previous day's high and reversed sharply downward. Key support levels are found at 0.001207 and 0.001199, both aligning with Fibonacci retracement levels from the 0.001256 peak to the 0.001174 low. A consolidation phase between 22:00 and 05:00 ET suggests exhaustion of both bullish and bearish momentum.

Moving Averages

The 15-minute chart’s 20SMA and 50SMA crossed into bearish territory after 18:15 ET, confirming the reversal. On the daily chart, the 50DMA and 200DMA remain in a bearish alignment, suggesting short-term momentum favors the downside. Price may test the 50DMA at 0.001220 before the 200DMA at 0.001245 becomes relevant.

MACD & RSI

MACD turned negative after the 18:15 ET peak, confirming bearish momentum. The RSI briefly dipped below 30 in the early hours, indicating oversold conditions, but failed to trigger a strong rebound. A weak divergence in RSI during the consolidation phase suggests lack of conviction in both directions.

Bollinger Bands

Price initially traded near the upper band but collapsed within the bands after 18:15 ET, narrowing the range. The Bollinger Band contraction from 01:00 to 04:00 ET suggests a potential breakout or breakdown in the near term. Price currently trades near the lower band, indicating a risk of further downside.

Volume & Turnover

Volume surged at 18:15 ET as price reached its high, with a volume of 56,061,980.00, followed by a sharp decline during the correction. By 05:00 ET, volume had normalized, but notional turnover remained weak. The lack of volume during the rebound suggests limited buyer participation, increasing the risk of a continuation of the bearish trend.

Fibonacci Retracements

Fibonacci levels derived from the 0.001256 to 0.001174 range are critical for near-term direction. The 61.8% retracement at 0.001219 aligns with the 15-minute consolidation phase. A break below the 38.2% level at 0.001225 could accelerate the decline to 0.001207 and then 0.001199, both of which have been tested and held.

Backtest Hypothesis

A potential backtest strategy for VTHOUSDT could involve identifying bearish engulfing patterns on the 15-minute chart and entering short positions at the close of the confirmation candle. Stops could be placed above the high of the engulfing formation, while targets could align with key Fibonacci levels or the nearest support. Given the current alignment of moving averages, RSI, and volume, this pattern may offer a favorable risk-reward profile if confirmed by subsequent price action.