Market Overview for VeThor Token/Tether (VTHOUSDT): 24-Hour Technical Summary

Summary
• Price action shows a bearish trend with 0.00077 as key support and 0.000773 as resistance.
• Volume and turnover diverged in late trading, hinting at uncertain momentum.
• A potential 61.8% Fibonacci retracement level at 0.000769 suggests possible short-term resistance.
• RSI remains below 50, indicating moderate bearish momentum without overbought conditions.
• Bollinger Bands show mild volatility, with price hovering near the lower band.

The VeThor Token/Tether (VTHOUSDT) pair opened at 0.00077 on December 29 at 12:00 ET and reached a high of 0.000777 before closing at 0.000767 on December 30 at 12:00 ET, with a 24-hour low of 0.000759. Total volume amounted to ~66,363,996 units, with a notional turnover of ~51,169.26 USD.

Structure & Candlestick Patterns

Price action displayed a descending channel with key support at 0.000769 and resistance at 0.000773. Notable bearish engulfing patterns emerged in the late ET hours, while doji formed near 0.000771, signaling indecision.

Volatility and Bollinger Bands

Mild volatility was observed, with the price hovering near the lower Bollinger Band for much of the session. No significant contractions or expansions were seen in the 20-period band.

Moving Averages and Momentum

On the 5-minute chart, price remained below the 20- and 50-period moving averages, reinforcing the bearish bias. MACD showed weak positive divergence in late trading, while RSI hovered near 40, indicating moderate bearish momentum without signs of overbought conditions.

Fibonacci Retracements

The 61.8% Fibonacci level at 0.000769 appears to act as a key short-term resistance. A break below the 38.2% level at 0.000763 could extend the downward move toward 0.000760.

Looking ahead, VTHOUSDT may test the 0.000769 level for a potential rebound or consolidation. Investors should be cautious of increased volatility and possible bearish continuation if support at 0.000769 fails to hold.