Summary
• Price tested 0.000802 support before forming a bullish breakout above 0.000824.
• Momentum turned positive after 19:30 ET, with RSI trending upward from oversold levels.
• Volume surged during the late ET session, confirming the breakout above key resistance.
• Bollinger Bands expanded during the final 3 hours, signaling increased volatility.
• 50-period 5-min MA crossed above 20-period line at 20:00 ET, suggesting short-term bullish momentum.
Market Overview
VeThor Token/Tether (VTHOUSDT) opened at 0.000809 on 2025-12-19 at 12:00 ET, hit a low of 0.000797 and a high of 0.000827, and closed at 0.000825 on 2025-12-20 at 12:00 ET. Total volume reached 80,833,037.0, with turnover estimated at $64,885.
Structure & Formations
The pair displayed a strong bullish trend after 19:30 ET, breaking above 0.000824 and forming a sequence of higher highs and higher lows. A key support at 0.000802 held early in the session, with a bullish engulfing pattern emerging from 19:30 to 20:00 ET. A doji formed at 03:45 ET, signaling possible exhaustion of upward momentum.
Moving Averages
On the 5-minute chart, the 50-period MA crossed above the 20-period MA at 20:00 ET, confirming a bullish bias.
On the daily chart, the 50-period MA appears to be approaching the 100-period MA, suggesting a possible convergence or divergence depending on the close.
Momentum & Volatility
The RSI trended upward from the 30-35 oversold zone to the 50–55 range by 21:00 ET, reflecting strengthening bullish momentum. Bollinger Bands expanded during the final 3 hours of the session, indicating increased volatility as the price broke out of a tight consolidation.
Volume & Turnover
Volume increased significantly after 19:30 ET, with the largest single 5-minute bar at 19:45 ET (6.529 million contracts). Turnover and volume moved in sync during the bullish breakout, confirming strong participation.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fib level at 0.000818 acted as a temporary resistance before the price broke higher. On the daily chart, the 38.2% retracement level appears to coincide with the current 50-period MA, suggesting a potential support area for the next 24 hours.
The price may continue to test the 0.000830–0.000835 level as the next resistance target. Traders should watch for a possible pullback to 0.000818–0.000820 as a potential support zone. As always, volatility remains a risk, and sudden corrections could occur if volume and momentum diverge.
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