VeChain/Tether (VETUSDT) Market Overview

• VeChain/Tether (VETUSDT) edged higher over 24 hours amid rising volume and moderate RSI divergence.
• Price found key support near $0.02456 and tested resistance at $0.02497, with a bullish engulfing pattern visible near the close.
• Bollinger Bands contracted in the early morning before a sharp price rally, signaling potential volatility expansion.
• Turnover spiked near $0.02495, aligning with price strength, but volume declined slightly in the final hour.
• MACD crossed above signal line with a bearish divergence, suggesting mixed momentum ahead.

VeChain/Tether (VETUSDT) opened at $0.02459 on 2025-09-14 12:00 ET and closed at $0.02420 on 2025-09-15 12:00 ET, with a 24-hour high of $0.02497 and low of $0.02396. Total volume amounted to 110,827,308 VET, and notional turnover stood at approximately $2,684,353. The pair displayed a mixed price action, with a late-session rally followed by a pullback into consolidation.

Structure & Formations

The price chart reveals multiple key levels. Strong support appears at $0.02456, where the pair found a floor multiple times and reversed higher. A bearish divergence in the RSI at this level suggests caution. Resistance emerged at $0.02497, which the price briefly broke but failed to sustain, forming a potential bearish reversal pattern. A bullish engulfing candle appeared near $0.02495 after a significant volume spike, signaling short-term buying pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, with price crossing above both around the 04:30 ET mark. On the daily chart, the 50-period MA remains above the 100- and 200-period MAs, indicating a bullish bias in the broader trend. However, the recent pullback suggests a test of strength before a potential resumption of the uptrend.

MACD & RSI

The MACD line crossed above the signal line around 04:30 ET, signaling a bullish momentum shift, and remained above it until a bearish divergence developed near $0.02495. The RSI reached overbought territory at 76 during the rally, indicating possible exhaustion in the upward move. A pullback into the mid-50s suggests a balanced market ahead, with potential for another test of the $0.02497 resistance.

Bollinger Bands

Bollinger Bands showed a notable contraction from 00:00 to 04:30 ET, followed by a sharp expansion coinciding with the late-night rally. Price closed near the upper band at the peak of the rally, suggesting a period of high volatility. This pattern could indicate a continuation of the bullish move or a reversal if the upper band fails to hold as a resistance.

Volume & Turnover

Volume and turnover data show a sharp increase during the late-night rally, especially between 04:30 and 06:00 ET, when over $10 million in turnover occurred. The volume surge coincided with a strong move toward $0.02495 but then declined as the price pulled back. A divergence between volume and price in the final hour suggests weakening conviction among buyers.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $0.02396 to $0.02497 shows key levels at 38.2% ($0.02457) and 61.8% ($0.02468). The price found support near the 38.2% level and is now hovering around the 61.8% level. A break below $0.02468 could signal deeper retracement potential toward the 50% level at $0.02447.

Backtest Hypothesis

A potential backtest strategy involves entering a long position when price breaks the upper Bollinger Band and RSI enters overbought territory, with a stop-loss placed below the 38.2% Fibonacci level. This strategy aims to capture short-term volatility spikes while managing risk through defined exits. The recent rally and divergence in RSI provide an ideal scenario to test this approach, especially if volume confirms the move.