Market Overview for VeThor Token (VTHOUSDT) as of 2025-08-11 12:00 ET

• VTHOUSDT breaks key resistance at 0.002002 with a bullish engulfing pattern.
• 24-hour RSI reaches overbought territory (70+), suggesting short-term momentum could wane.
• Volatility remains elevated, with Bollinger Bands widening as price consolidates.
• Notional turnover spikes by 300% during 19:00–20:00 ET, but price drifted sideways afterward.
• 61.8% Fibonacci level at 0.001993 holds as support, but volume divergences hint at potential reversal.

24-Hour Market Overview

VeThor Token (VTHOUSDT) opened at 0.001982 on 2025-08-10 12:00 ET and closed at 0.001914 on 2025-08-11 12:00 ET, with a high of 0.002012 and low of 0.001911. The 24-hour volume was 201,689,130.0, and the notional turnover reached approximately $389,698.13 by the end of the period.

Structure & Formations

Price action on the 15-minute chart revealed a strong bullish engulfing pattern around 19:15–19:30 ET as VTHOUSDT surged past the prior swing high at 0.002002. However, bearish momentum took over in the overnight session, pulling price back below key Fibonacci retracement levels. A potential bearish pinocchio candle formed at 0.00201 on 03:30 ET, indicating hesitation among buyers. Key support levels appear at 0.001993 (61.8% retracement) and 0.001976, both of which have seen price bounce multiple times.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages have flattened, indicating a potential pause in momentum. The 20-period MA currently sits at 0.001993, while the 50-period MA is at 0.001989—both slightly above the closing price of 0.001914. On the daily chart, the 50-period MA is at 0.001987, the 100-period at 0.001979, and the 200-period at 0.001971—suggesting a bearish crossover may be forming.

MACD & RSI

The 15-minute MACD line crossed into negative territory early on 2025-08-11, confirming a bearish shift. The histogram showed a contraction in momentum after the 20:00–21:00 ET peak. RSI has remained above 70 for short periods but has fallen back into neutral territory, indicating that while short-term bullish momentum was strong, it has since dissipated. A potential overbought condition was confirmed but quickly corrected.

Bollinger Bands

Bollinger Bands expanded significantly during the bullish breakout phase (18:00–19:45 ET), with price trading above the upper band for over 90 minutes. This expansion was followed by a contraction as volatility receded. Currently, the price is sitting near the lower band, suggesting increased bearish pressure. A break below the 20-period MA and the lower band could trigger further declines.

Volume & Turnover

Volume spiked at key turning points. The most notable was during 19:15–19:45 ET, when volume reached 9.2 million contracts and turnover exceeded $1.84 million. However, volume has since declined sharply, despite continued downward price movement—suggesting a potential divergence. On the bearish leg, volume remained moderate, indicating a lack of conviction among sellers. The 389 million volume at 16:00 ET was the largest of the period, but it coincided with a sideways price action, hinting at a possible washout phase.

Fibonacci Retracements

Applying Fibonacci to the 18:00–20:00 ET swing high and low shows the 61.8% level at 0.001993 as a key area of interest. Price found support twice at this level before breaking down. On the daily chart, the 38.2% retracement level lies at 0.00195, and the 61.8% at 0.001923—both of which may become relevant in the next 24 hours.

VTHOUSDT may consolidate near current levels but faces a strong test at 0.001923 in the short term. If the 61.8% Fibonacci level at 0.001993 fails, a retest of 0.001971 could follow. Traders should remain cautious of overbought conditions and divergences in volume and RSI, which could signal an impending reversal. A bearish breakout below 0.001902 may trigger further downside risks.