AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Summary
• Price formed a bullish engulfing pattern near 0.000834 after a sharp rebound from support.
• Volatility expanded during the 02:45–03:00 ET window, coinciding with a large-volume reversal down.
• RSI hit 61.8% Fibonacci level at 0.000844 but failed to confirm with higher turnover, suggesting possible resistance.
• MACD crossed bearish on final 5-min close but remains near neutral, showing mixed short-term momentum.
VeThor Token/Tether (VTHOUSDT) opened at 0.000834 on 2026-01-07 at 12:00 ET, reaching a high of 0.000867 and a low of 0.000820 before closing at 0.000820 on 2026-01-08 at 12:00 ET. Total 24-hour volume was 598,434,579.0 and turnover was 498,658.12.
Structure & Formations
The price action displayed a key bullish engulfing pattern near 0.000834 following a strong rebound from a prior support level. However, a large bearish reversal candle formed after 02:45 ET, coinciding with a sharp drop in price and a spike in volume. This candleline confirmed a short-term breakdown in the 0.000844–0.000846 resistance cluster, which had previously held for several hours. The price appears to be consolidating within a range between 0.000820 and 0.000846, with 0.000820 acting as a recent floor and 0.000846 as a retested ceiling.
Moving Averages and Bollinger Bands

Momentum and Fibonacci Retracement
The RSI reached a 61.8% Fibonacci retracement level at 0.000844 but failed to hold, suggesting resistance at this level. MACD crossed into bearish territory in the final 5-minute candle, though it remains near zero, suggesting mixed momentum. The recent low at 0.000820 may act as a key psychological support level if price retests it.
Volume and Turnover
Volume spiked sharply during the large bearish candle, with over 215 million contracts traded at 03:00 ET. Turnover also surged during this period, confirming the price drop as a high-conviction move. Later in the morning, volume decreased, aligning with a period of consolidation.
Looking ahead, the path of least resistance appears to be downward, with the 0.000820–0.000822 support level likely to be tested in the next 24 hours. However, a retest of 0.000844 could trigger renewed buying interest. Traders should remain cautious of potential divergences between price and volume.
Decoding market patterns and unlocking profitable trading strategies in the crypto space
Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet