Market Overview: Viction/Tether (VICUSDT) 24-Hour Analysis

• Viction/Tether (VICUSDT) closed near a 24-hour low, consolidating after a bullish breakout attempt.
• Momentum shifted from positive to mixed as RSI and MACD showed weakening bullish signals.
• Volume spiked during late-night consolidation, hinting at renewed interest but failed to confirm a breakout.
• Price found temporary resistance at 0.21, with key support zones identified near 0.2065–0.2070.
• Bollinger Bands showed moderate volatility, with price hovering near the lower band at several intervals.

At 12:00 ET on 2025-09-23, Viction/Tether (VICUSDT) opened at 0.2067, reached a high of 0.2124, and fell to a low of 0.2050 before closing at 0.2103. Total volume for the 24-hour window was 1,019,240.28, and notional turnover amounted to approximately $214,497 (assuming $1 for USDT). Price formed a mixed candlestick pattern, including a bearish engulfing at 0.2102–0.2107 and a doji at 0.2109–0.2113, indicating indecision at key resistance levels.

Structure & Formations

Price action on the 15-minute chart revealed two distinct phases: a bullish attempt to break above 0.21 between 00:00 and 06:00 ET, followed by a bearish consolidation from 12:00 to 16:00 ET. Key support levels formed near 0.2065–0.2070 and 0.2080–0.2085, with a strong resistance band identified at 0.2105–0.2110. A bearish engulfing pattern at 0.2102–0.2107 and a doji at 0.2109–0.2113 suggest a potential reversal or consolidation phase. A potential continuation pattern may emerge if price can hold above 0.2103.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging near 0.2103, indicating a neutral bias. The price is currently trading just above the 20SMA, suggesting possible bullish momentum in the near term. On the daily timeframe, the 50/100/200-day moving averages are not available due to limited historical data, but short-term direction appears to be supported by the 20SMA on the 15-minute chart.

MACD & RSI

MACD remained in positive territory during the early morning hours but began to weaken as bearish pressure increased after 12:00 ET. The histogram showed a contraction in bullish momentum, suggesting a possible bearish correction. RSI reached a high of 65 near 06:00 ET, entering a neutral zone before declining into the 55–57 range by 16:00 ET. This suggests that while overbought conditions were not reached, the bullish momentum has significantly weakened. RSI may signal oversold territory if price continues to consolidate below 0.2100.

Bollinger Bands

Volatility was moderate throughout the 24-hour window, with Bollinger Bands expanding slightly after 06:00 ET. The price hovered near the lower band between 00:00 and 10:00 ET, indicating a bearish bias. It moved closer to the midline after 12:00 ET, suggesting a return to equilibrium. If volatility contracts further and the price remains within the band, it may indicate a continuation of the consolidation phase. A break above the upper band could signal renewed bullish momentum.

Volume & Turnover

Volume spiked at 06:00 and 08:00 ET, coinciding with key price tests near 0.2100 and 0.2110. Turnover spiked in line with the volume increase, indicating increased conviction during these price movements. A divergence between price and turnover was observed after 15:00 ET, when volume dropped despite price remaining near 0.2100–0.2110. This suggests weakening buyer interest and could indicate a possible pullback if the trend fails to confirm with additional volume.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 0.2067 to 0.2124, the 50% retracement level sits at 0.2095, the 61.8% at 0.2089, and the 38.2% at 0.2110. Price has found resistance at the 61.8% and 38.2% levels multiple times, suggesting they are critical areas of interest. A break below 0.2089 could signal a deeper correction toward 0.2065, while a rebound above 0.2110 may indicate a continuation of the bullish phase.

Backtest Hypothesis

A potential backtest strategy involves entering long positions when price breaks above the 0.2105–0.2110 resistance zone on the 15-minute chart, with a stop-loss placed just below the 0.2090–0.2095 support area. A take-profit target could be set near 0.2125–0.2130, aligning with the 38.2% Fibonacci retracement and recent highs. Alternatively, short positions could be entered on a confirmed breakdown below 0.2085, with a stop above 0.2100 and a target near 0.2065. This strategy leverages key resistance and support levels identified in the technical analysis, aiming to capture short-term directional bias while managing risk through clearly defined entry and exit points.