Market Overview for VeThor Token/Tether (VTHOUSDT)

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

On the 5-minute chart, the 20- and 50-period moving averages crossed into a bearish configuration during the early morning hours, reinforcing the bearish reversal seen after 2:45 ET. The Bollinger Bands expanded significantly during the same period, signaling increased volatility. Price closed near the lower band at 12:00 ET, indicating a potential oversold condition.

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.