Market Overview for Viction/Tether (VICUSDT) on 2025-11-09

Summary

• VICUSDT opened at 0.1342, reached 0.1386, and closed at 0.1384, with a 24-hour volume of 1,023,524.17 and turnover of $137,646.92.
• A bullish breakout above key resistance at 0.1361 was confirmed by a strong 15-minute close at 0.1384.
• Volume surged during the breakout, with notable spikes in the 18:30–21:00 ET timeframe.
• RSI showed overbought conditions briefly, and MACD turned positive, reinforcing bullish momentum.
• Price remained within expanding Bollinger Bands, indicating growing volatility.

Price Action and Candlestick Patterns

Viction/Tether (VICUSDT) displayed a strong 24-hour bullish reversal, with price rising from 0.1342 to a high of 0.1386. The key resistance at 0.1361 was decisively breached, followed by a continuation pattern suggesting further upside potential. Several bullish candlestick formations appeared, including a hammer at 0.1361 and a bullish engulfing pattern at 0.1379–0.1381, signaling strong institutional buying pressure. A bearish divergence in volume appeared during the 04:00–07:00 ET consolidation phase, but this was quickly overwhelmed by renewed buying in the afternoon.

Support and Resistance Levels

Key support levels were identified at 0.1341, 0.1331, and 0.1323, with the latter appearing particularly strong during a midday pullback. Resistance levels at 0.1361, 0.1376, and 0.1386 were all tested and either broken or held. The 0.1386 level acted as a minor ceiling in the final 15-minute candle, suggesting it may consolidate before further action.

Indicators and Momentum Analysis

The 15-minute RSI crossed into overbought territory at 0.1381 and remained above 70 for a short duration, indicating strong short-term momentum. The MACD (12,26,9) turned positive at 0.1372, with a bullish crossover reinforcing the upside bias. The 20-period EMA crossed above the 50-period EMA during the 20:00–21:00 ET period, forming a golden cross on the 15-minute chart. On the daily chart, the 50-period and 200-period SMAs were closely aligned but not crossed, suggesting no major long-term trend shift yet.

Volatility and Bollinger Bands

Bollinger Bands showed a clear widening trend after 18:00 ET, indicating a surge in volatility. Price tested the upper band at 0.1386 and pulled back slightly, but remained within the band’s boundaries. The middle band, at 0.1361, acted as a key pivot point and breakout level. The 24-hour average true range (ATR) was elevated, consistent with the widening bands and increased trading activity.

Fibonacci Retracement Levels

Fibonacci levels were applied to the key swing low at 0.1323 and high at 0.1386. Price recently pulled back to the 61.8% level (0.1351) before resuming higher. The 38.2% retracement at 0.1368 appears to be the next target, with the 78.6% level at 0.1376 acting as a psychological barrier. These levels could provide support or resistance in the near term.

Backtest Hypothesis

For a potential backtest of the recent bullish pattern in VICUSDT, a practical approach would be to apply a strategy based on the detection of a Bullish Engulfing candlestick pattern. Given the strong move from 0.1361 to 0.1384 and the engulfing pattern observed at 0.1379–0.1381, the pattern could serve as a buy signal. A backtest could involve entering the market on the confirmation of the pattern, holding for 5 calendar days, and using daily close prices for performance evaluation. By identifying these patterns across the historical data (1 Jan 2022–present), we could assess the strategy's profitability and risk-reward ratio. To proceed, confirm the exact ticker symbol (e.g., “VICUSDT”) or the exchange where you track Viction, and whether I should automatically detect the pattern dates for the backtest.