Summary
•
formed bullish engulfing patterns near 0.0963 and 0.0971 during early buying surges.
• Price tested 0.0979 as a key resistance zone, with mixed momentum and volume divergence.
• 24-hour volatility expanded, with price breaking above 0.0980 for the first time in the session.
• RSI edged toward overbought territory at the close, suggesting potential short-term consolidation.
• On-balance volume surged during the 0.0980–0.0994 rally, confirming strength in the final 90 minutes.
24-Hour Price and Volume Snapshot
At 12:00 ET−1, Viction/Tether (VICUSDT) opened at 0.0971, reached a high of 0.0994, and closed at 0.0992 by 12:00 ET today. The pair traded between 0.0963 and 0.0994, with total volume of ~1,218,607 and a notional turnover of ~119,865.
Structure and Momentum Dynamics
Price action revealed a strong push above 0.0980, supported by a bullish engulfing pattern at 0.0971 and a retest of the 0.0963 level, which acted as a short-term floor. The rally to 0.0994 was accompanied by a sharp increase in volume, particularly in the final 90 minutes, suggesting strong conviction in the upward move. The RSI edged into overbought territory, which may signal a pause or a pullback ahead.
Volatility and Key Levels
Bollinger Bands widened during the 0.0980–0.0994 advance, reflecting increased volatility. Price spent most of the session within the upper half of the bands, reinforcing bullish sentiment. Fibonacci retracement levels suggest 0.0979 and 0.0963 as potential short-term support areas on any pullback.
Volume and Turnover Correlation
Volume surged during the 0.0980–0.0994 move, with the final 5-minute candle at 0.0992 showing the highest volume of the day (~17,272). Turnover also rose sharply in this period, indicating confirmation rather than divergence. Price and volume aligned in the final stretch, suggesting a strong, albeit short-term, bullish momentum.
Looking ahead, VICUSDT appears to be consolidating near 0.0992, with the potential to test 0.1000 if buyers continue to show strength. However, a failure to hold above 0.0979 could invite bearish follow-through. Investors should monitor volume behavior and RSI divergence closely for early signs of reversal risk.
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