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Summary
• VTHOUSDT formed a bullish engulfing pattern after a sharp 5-minute drop to 0.00093.
• Price remained below 20-period MA on 5-min chart but closed near Bollinger Band midline.
• Volume spiked at 19:00 ET during consolidation, suggesting short-term indecision.
• RSI hit oversold levels at 26.3, hinting at possible near-term rebound.
• Fibonacci 61.8% level at 0.000936 acted as strong support during the 22:30–23:45 ET pullback.
At 12:00 ET–1, VeThor Token/Tether (VTHOUSDT) opened at 0.000932, reached a high of 0.000955, and a low of 0.000930, closing at 0.000942 by 12:00 ET. Total volume was 79,853,673.0, with notional turnover amounting to 76,139.40.
Structure & Formations
The 5-minute chart revealed a bullish engulfing pattern at 19:00 ET, following a sharp decline to 0.00093. A key support zone appeared at 0.000936–0.000938, reinforced by repeated bounces and volume spikes. A doji formed at 23:45 ET, suggesting short-term indecision as buying pressure stalled before the close.
Moving Averages and Bollinger Bands
On the 5-minute chart, price remained below the 20-period moving average (20SMA) throughout the session but showed a closing attempt to reclaim the 50SMA. The 20-period Bollinger Band showed a moderate expansion in volatility, with price hovering near the midline for most of the session, indicating a balanced market with no strong directional bias.
Momentum and Relative Strength
RSI reached an oversold level of 26.3 at 02:30 ET, suggesting potential for a short-term rebound. MACD showed a bearish crossover but remained within a narrow range, reflecting subdued momentum. Price action at 06:15–07:15 ET, with a high of 0.000954 followed by a pullback, suggested a temporary overbought condition.
Volume and Turnover Insights
Volume spiked significantly at 19:00 ET during a consolidation phase and again at 22:45–23:45 ET as price tested support at 0.000939. Turnover aligned with volume surges, with no major divergences noted.

Fibonacci Retracements
The 61.8% Fibonacci retracement level at 0.000936 provided robust support during the 22:30–23:45 ET correction. A 38.2% level at 0.000945 acted as resistance during the 03:30–04:00 ET pullback. These levels suggest that short-term traders may continue to watch these areas for directional cues.
Looking ahead, price may test the 20SMA resistance around 0.000945 in the next 24 hours, with the 61.8% support level at 0.000936 providing a floor. Traders should remain cautious of a potential pullback if volume fails to confirm bullish follow-through.
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