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

• VICUSDT opened at 0.2041 and closed at 0.2004 after hitting a high of 0.2116 and a low of 0.1992.
• Price formed bearish engulfing and dark cloud cover patterns, signaling potential short-term bearish momentum.
• Volatility spiked during the 22:45–00:30 ET window, with a high turnover of $67,868.68.
• RSI entered oversold territory below 30, suggesting a possible bounce, but MACD showed bearish divergence.
• Volume surged after 16:00 ET, but price failed to hold above 0.2034, indicating potential bearish exhaustion.

Viction/Tether (VICUSDT) opened at 0.2041 at 12:00 ET − 1, reached a high of 0.2116, a low of 0.1992, and closed at 0.2004 by 12:00 ET. The 24-hour volume amounted to 1,854,027.08, with a turnover of $383,137.71. The pair displayed a volatile and bearish trajectory, with a sharp drop in the final hours.

Structure & Formations

Price action revealed key resistance near 0.209–0.211 and support at 0.2034–0.2042. A bearish engulfing pattern formed around 0.2085 and a dark cloud cover at 0.2096–0.2093, suggesting bearish continuation. A doji near 0.2081 at 20:15 ET indicated indecision. These patterns suggest a possible breakdown from the 0.2042 support level.

Moving Averages

On the 15-minute chart, the 20 and 50 SMA both trended lower, crossing below price during the final 4 hours. On the daily chart, the 50 SMA crossed below the 200 SMA, reinforcing a bearish bias. Price appears to have closed below the 200 SMA, which could reinforce a bearish sentiment over the next 24 hours.

MACD & RSI

MACD showed a bearish crossover in the 4–6-hour window, with the histogram narrowing as price approached 0.2004. RSI bottomed near 30, suggesting potential oversold conditions. However, MACD and RSI diverged slightly during the 0.2042–0.2081 range, indicating potential bearish exhaustion but not necessarily a reversal.

Bollinger Bands

Bollinger Bands widened significantly during the 0.209–0.2116 rally, followed by a sharp contraction as price fell to 0.2004. Price closed near the lower band, indicating possible oversold conditions. A retest of the 0.2042 level would likely trigger further bearish movement or a temporary bounce.

Volume & Turnover

Volume surged in the 16:00–19:00 ET period, coinciding with a sharp drop in price. A notable turnover spike occurred at 0.209–0.2093 (18:15–18:45 ET) with a peak of $67,868.68. Despite the high turnover, price failed to hold above 0.2034, signaling potential bearish exhaustion. Divergence between volume and price was observed in the 0.2054–0.2081 range.

Fibonacci Retracements

Applying Fibonacci to the 0.1992–0.2116 swing, the 61.8% level is at 0.2056. Price found temporary support at the 38.2% level (0.2063) but failed to retrace further. On the daily chart, the 61.8% level of the previous bearish move is near 0.1985, which could be a key target if the trend continues.

Backtest Hypothesis

A backtest strategy based on bearish engulfing patterns and divergence between RSI and MACD could prove effective for VICUSDT in the short term. Triggers for entry would include a confirmed close below 0.2042 with a bearish engulfing pattern and RSI below 30. Stop-loss should be placed at 0.2065, with a target near 0.1985 based on Fibonacci and Bollinger levels. This approach aligns with the current bearish momentum and key support levels identified in the technical analysis.