Summary
• Price formed a bullish ascending triangle on the 5-min chart, breaking key resistance at $0.0875.
• Volume spiked during the final 4 hours of the 24-hour period, confirming strength in higher highs.
• RSI climbed toward overbought territory, suggesting potential short-term profit-taking pressure.
• Bollinger Bands expanded, reflecting increased volatility amid the upward breakout.
• Turnover increased 3.2x in the final hour, aligning with price momentum and confirming demand.
Viction/Tether (VICUSDT) opened at $0.0856 on 2025-12-24 at 12:00 ET, reached a high of $0.0884, and closed at $0.0879 at 12:00 ET on 2025-12-25, after hitting a low of $0.0855. Total 24-hour volume was 305,822.66, and turnover was $26,397.97.
Structure & Formations
Price action formed a bullish ascending triangle over the last 6 hours, with a clear base near $0.0871 and a neckline at $0.0875. The breakout above this level confirmed a potential continuation of upward momentum. A large bullish engulfing pattern emerged between 02:45 and 03:00 ET, further supporting the breakout. A bearish harami appeared briefly at 11:00 ET, suggesting short-term hesitation but not a reversal.
Moving Averages
On the 5-minute chart, the 20SMA crossed above the 50SMA to form a golden cross, reinforcing the bullish bias. Daily moving averages (50, 100, 200) indicate a long-term uptrend, with price staying above all three, suggesting continued support for higher levels.
MACD & RSI
MACD turned positive early in the session and maintained a bullish signal throughout, with a strong histogram peak at 03:15 ET. RSI reached 68–70 levels, entering overbought territory by 06:00 ET, indicating that profit-taking or consolidation could occur in the near term.
Bollinger Bands
Bands expanded after 04:00 ET in response to rising volatility, with price hovering near the upper band for much of the session. This pattern supports the idea that the pair is experiencing a breakout phase.
Volume & Turnover
Trading volume surged in the final 4 hours, with an hourly average of 36,000+
tokens, compared to just 12,000 in the first half. Turnover spiked sharply at 08:15 ET and again at 10:15 ET, confirming price strength during key rallies. No divergence between volume and price was observed.
Fibonacci Retracements
Applying Fibonacci retracement to the recent 5-minute swing from $0.0855 to $0.0884, price currently sits near the 61.8% level at $0.0875. If this level holds, the next target could be the 78.6% retracement at $0.0882.
Price appears to be consolidating after the breakout, and a retest of $0.0875 could provide a key buying opportunity for longs. However, traders should remain cautious of a potential pullback if RSI fails to reverse from overbought levels. Short-term volatility remains high, and a sudden volume drop could signal a pause in momentum.
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