VeChain/Tether USDt Market Overview

• VETUSDT dipped 0.4% in 24 hours with 0.02374 high and 0.02323 low
• Volatility expanded after midday ET as price tested key support at 0.0235
• Negative divergence in RSI suggests potential bearish continuation
• Volume surged to peak at 0.02374 before retreating
• Bollinger Bands show a contraction followed by a moderate expansion

VeChain/Tether USDt (VETUSDT) opened at 0.02349 on 2025-09-05 at 12:00 ET and closed at 0.02324 at 12:00 ET on 2025-09-06. The 24-hour high was 0.02375, and the low was 0.02323. Total traded volume was 61,477,478 VET, and total turnover amounted to approximately $1,449,761.

Structure & Formations

The VETUSDT pair saw a bearish reversal pattern emerge around 0.02374 and 0.02366, where a strong bullish candle was followed by a long bearish shadow. A key support level formed at 0.0235, which held briefly during the early hours of 2025-09-06 but failed as the pair fell below it in the afternoon. A doji candle appeared at 0.02332, signaling indecision and potential for a short-term bounce.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, suggesting a sideways to slightly bearish bias. On the daily chart, the 50-period MA crossed below the 100- and 200-period MAs, indicating a bearish crossover and a continuation of the downward trend. Price remains below all three, suggesting that the 200-period MA at ~0.0244 could act as resistance if the pair rallies.

MACD & RSI

The MACD showed bearish momentum with a negative histogram and a crossover below the signal line. RSI dipped into oversold territory below 30 during the afternoon of 2025-09-06, suggesting potential for a short-term bounce. However, the negative divergence in RSI (higher lows in price with lower lows in RSI) indicates underlying bearish pressure.

Bollinger Bands

Bollinger Bands reflected a tightening volatility phase around 0.0236 before a moderate expansion as price drifted lower. Price closed near the lower band of the bands, suggesting oversold conditions. A bounce from this level could see a retest of the 0.0234–0.0235 range, though a break below 0.0233 could accelerate further.

Volume & Turnover

Volume was moderate at first but spiked sharply during the afternoon of 2025-09-06 as the pair tested the 0.0235 support level. Turnover increased in line with the price drop, confirming the bearish move. A divergence in volume and price at 0.02332 suggests weakening bearish momentum.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement level from the high at 0.02374 to the low at 0.02323 sits at 0.02349. Price failed to hold this level, and the 38.2% level at 0.02355 may offer some short-term resistance. On the daily chart, the 61.8% retracement from a recent high is near 0.0244, a potential area of congestion.

Backtest Hypothesis

Given the bearish divergence in RSI and MACD, along with the failed test at key support at 0.0235, a potential short entry strategy could target a break below 0.02332 with a stop above 0.02345. The target for this short would be the next Fibonacci level at 0.02323, with risk limited to the distance from the entry to the stop. If the pair rallies above 0.02355, it could trigger a reversal strategy focusing on a long entry after a bullish confirmation candle.