Market Overview for Viction/Tether USDt (VICUSDT)

• Viction/Tether USDt (VICUSDT) posted a 24-hour high of $0.2561 and closed near $0.2465, showing positive momentum.
• Volume surged above 6 million, with the highest turnover occurring during the early morning hours (ET).
• A bullish engulfing pattern formed near $0.2425, suggesting potential short-term buying interest.
• RSI and MACD signaled a moderate overbought zone, indicating caution for short-term traders.
• Price remained within Bollinger Bands with expanding volatility, signaling increased market activity.

Viction/Tether USDt (VICUSDT) opened at $0.231 on 2025-09-09 at 12:00 ET and rose steadily throughout the day, reaching a high of $0.2561 before settling at $0.2465 by 12:00 ET on 2025-09-10. The total volume traded over the 24-hour period was approximately 7.3 million units, with a notional turnover of $1.85 million, highlighting significant on-chain activity and investor participation.

Structure & Formations

Price formed a strong bullish engulfing pattern around $0.2425–$0.2435, which could mark a potential support zone. A key resistance level emerged at $0.247, where the price stalled multiple times before retreating. A notable doji formed at $0.2465, indicating indecision and possibly a pause in the bullish momentum. The price also formed a bearish flag pattern in the late afternoon, suggesting a possible pullback could be in the cards.

Moving Averages and Momentum Indicators

The 15-minute chart shows the price currently above its 20-period and 50-period moving averages, indicating a bullish bias in the short term. The 50-period MA crossed above the 100-period MA on the daily timeframe, forming a “golden cross” and reinforcing the uptrend. The MACD remained in positive territory, with the histogram showing a recent contraction, suggesting momentum may be slowing. RSI reached an overbought level above 70, signaling a possible near-term correction.

Bollinger Bands and Volatility

Volatility expanded significantly during the morning hours, with price trading near the upper Bollinger Band at $0.2561. This suggests heightened bullish energy and increased market activity. However, as the day progressed, price moved closer to the middle band and began to consolidate. A contraction in the Bollinger Band width could signal a potential breakout or breakdown in the coming hours.

Volume and Turnover

Trading volume was highly concentrated between 04:00 and 07:00 ET, during which the price surged from $0.244 to $0.2498. Notional turnover peaked at nearly $185,000 during that period, indicating strong accumulation by buyers. Price and turnover were in alignment during the bullish push, but a divergence emerged after 10:00 ET as volume decreased despite continued price gains, hinting at weakening conviction.

Fibonacci Retracements

Applying Fibonacci levels to the key 15-minute swing high at $0.2561 and low at $0.2403, the 61.8% retracement level sits at approximately $0.2467, which has acted as a dynamic support/resistance area. A break below the 50% level at $0.2482 could signal a deeper pullback toward the 38.2% retracement at $0.2497.

Backtest Hypothesis

The backtesting strategy outlined in the provided text aims to capture momentum in trending markets by entering long positions when price crosses above its 20-period moving average on the 15-minute chart, confirmed by a bullish RSI divergence. A stop-loss is placed below the previous swing low, and a take-profit is set at the 61.8% Fibonacci retracement level. This approach aligns well with the recent price action of VICUSDT, which has shown consistent trending behavior with clear support and resistance levels. A backtest would likely evaluate the effectiveness of this strategy over similar market conditions, especially in a high-volume environment with defined range-bound and breakout patterns.