VeChain/Tether (VETUSDT) Market Overview

• Price rallied from 0.02391 to 0.02427 over 24 hours, with strong volume in the final 6 hours.
• RSI indicates moderate momentum, with no signs of overbought or oversold extremes.
• Bollinger Bands show a tightening range in the early session, followed by a breakout in the afternoon.
• Volume spiked during the 05:00–07:30 ET period, correlating with the strongest price leg higher.
• No significant bearish candlestick patterns emerged in the 15-min chart.

VeChain/Tether (VETUSDT) opened at 0.02391 on 2025-09-15 at 12:00 ET, reaching a 24-hour high of 0.02427 on 2025-09-16 at 06:15 ET. The pair closed at 0.02423 as of 12:00 ET, with total volume of 120,914,766.5 and a notional turnover of approximately $2,922,063. The price action shows a clear bullish bias across the 24-hour period.

Structure & Formations

The 15-minute chart reveals a series of bullish continuation patterns, including a morning star and bullish engulfing patterns in the 05:15–05:45 ET timeframe. Key support levels emerged at 0.02403 and 0.02391, while resistance levels were clearly tested at 0.02415 and 0.02427. A strong bearish rejection at 0.02403 in the early session failed to break through, signaling strong buying interest. A consolidation phase occurred between 00:00–03:45 ET before a sharp move higher resumed.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both crossed above key support levels, reinforcing a bullish bias. Price closed above both MA lines on the final candle, indicating a continuation of the upward trend. On the daily chart, the 50/100/200-period MA lines are in a bullish configuration, with the 50 MA currently above the 100 and 200, suggesting that the overall trend remains positive.

MACD & RSI

The MACD crossed above the signal line in the 05:15–05:30 ET timeframe, signaling a bullish momentum crossover. The histogram remained positive and expanded during the afternoon and evening hours, confirming strong upward momentum. RSI rose steadily from 52 to 61 over the 24-hour period, staying within the neutral zone and avoiding overbought territory, suggesting that the rally has room to continue without immediate reversal risk.

Bollinger Bands

Bollinger Bands displayed a tight range during the first 4 hours of the session, indicating low volatility and a consolidation phase. A breakout occurred around 05:15 ET, with the price breaking above the upper band by 06:15 ET. Since the breakout, the price remained above the midline of the bands, confirming a strong upward move. The widening of the bands suggests an increase in market activity and directional clarity.

Volume & Turnover

Volume surged in the 05:15–07:45 ET window, with the highest volume candle being the one at 06:15 ET (volume: 2,860,975.0). Turnover spiked in correlation with the price action during this period, confirming the bullish breakout. Notably, the 22:45–00:45 ET window had relatively low volume and turnover, which may suggest a lack of participation from larger players during that phase. The correlation between volume and price increases suggests strong conviction in the bullish move.

Fibonacci Retracements

Fibonacci retracement levels drawn from the key swing low at 0.02391 to the swing high at 0.02427 show that the 61.8% retracement level (0.02416) was successfully retested and broken through. The current price is approaching the 78.6% retracement level (0.02424), which may act as a temporary resistance or consolidation point. On the daily chart, the 50% and 61.8% retracements align with the recent 15-minute resistance levels, suggesting continued bullish potential if the 0.02433 level is tested.

Backtest Hypothesis

A potential backtesting strategy could be built around the bullish engulfing and morning star patterns identified during the 05:15–05:45 ET window. These patterns were confirmed by rising volume and a breakout above the upper Bollinger Band. A backtest could evaluate the performance of entering a long position on the close of the second candle in these patterns, with a stop-loss below the low of the pattern and a take-profit at the 61.8% and 78.6% Fibonacci levels. This would leverage both pattern confirmation and key price-action levels to optimize risk and reward. Given the current alignment of indicators, this strategy could yield favorable results in a market with strong directional momentum.