Market Overview for Viction/Tether (VICUSDT) – 2025-10-03

• Viction/Tether (VICUSDT) traded between 0.2193 and 0.2283 over the 24-hour period, closing at 0.2262.
• A bullish reversal pattern emerged after an intraday dip, with volume confirming price action.
• RSI and MACD signaled weakening bearish momentum, while volatility expanded on Bollinger Bands.
• Price tested key Fibonacci retracement levels, showing mixed buyer and seller dominance.

Viction/Tether (VICUSDT) opened at 0.2198 at 12:00 ET–1 and closed at 0.2262 by 12:00 ET. The pair reached a high of 0.2283 and a low of 0.2193 over the 24-hour period. Total volume traded was 3,817,284.28 units, while notional turnover stood at 835,801.36 USD. The 24-hour chart displayed a mix of bearish and bullish phases, with a strong rebound from a key support zone confirming potential short-term buying interest.

Structure & Formations

The 15-minute OHLC data showed a strong bearish breakdown in the early hours, with price falling to a 24-hour low of 0.2193. However, this was followed by a bullish reversal as price rebounded, forming a bullish engulfing pattern at the 0.2221–0.2242 range. A small doji was seen near the 0.2264 level, suggesting indecision between buyers and sellers. The 0.2214–0.2254 range appears to act as a key support/resistance cluster, with volume increasing notably during the rebound.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the rebound phase, forming a golden cross that confirmed short-term bullish momentum. Daily MA data is not fully provided, but based on the 24-hour close of 0.2262, it appears to be above the 50-day and 100-day averages, suggesting the pair is currently in a medium-term uptrend.

MACD & RSI

The MACD crossed into the positive territory after the 0.2221 reversal, signaling renewed bullish momentum. The RSI moved from a bearish territory (below 30) to mid-range (around 50–55), indicating a potential overbought correction may be due. However, the RSI did not reach 70, suggesting the rally remains within normal bounds.

Bollinger Bands

Volatility increased sharply during the rebound, with the 20-period Bollinger Bands expanding from 0.2200–0.2250 to 0.2193–0.2283. Price closed near the upper band at 0.2262, indicating strong short-term buying pressure. A contraction in volatility may be expected soon, which could lead to a potential consolidation phase before a new directional move.

Volume & Turnover
Volume surged during the 18:45–20:00 ET window, with the largest single 15-minute volume spike at 673,716.23 units. This coincided with the price rebound from 0.2214 to 0.2264. Notional turnover also peaked during this period, confirming the price action. However, volume declined after the 0.2264 level, indicating some exhaustion among buyers.

Fibonacci Retracements

Applying Fibonacci to the 0.2193–0.2283 swing, price tested the 61.8% retracement level at 0.2236, before moving higher. It then stalled near the 78.6% level at 0.2264, with volume declining. A further move above 0.2264 would confirm a potential break of the 0.2264–0.2271 resistance zone, targeting 0.2283 as the next level.

Backtest Hypothesis

The backtesting strategy focuses on using a combination of RSI divergence and 20-period MA crossover to identify potential reversal points in a 15-minute timeframe. Based on today’s data, the strategy would have triggered a long entry around the 19:00–19:15 ET window, as RSI began forming a bullish divergence while the 20-period MA crossed above the 50-period MA. The target would be set at 0.2264, with a stop-loss near the 0.2236 level. The strategy appears to align with the observed price action, with confirmation from both volume and momentum indicators.