VeChain/Tether (VETUSDT) Market Overview: Key Levels and Consolidation

• VET/USDT tested key resistance near 0.0224, failed to break through, and retraced to 0.02185.
• Momentum indicators show weakening bullish strength with RSI in overbought territory and declining MACD.
• Volatility expanded mid-session but has since contracted, with price consolidating near 0.0219–0.0220.
• 20-period MA on the 15-min chart acts as dynamic support, with price testing it multiple times.
• On-balance volume suggests divergence forming as price dips but volume fails to confirm.

VeChain/Tether (VETUSDT) opened at 0.02185 on 2025-09-26 at 12:00 ET and reached a high of 0.02247 before closing at 0.02193 as of 12:00 ET on 2025-09-27. The 24-hour trade volume amounted to approximately 97,128,878.7 VET, with a notional turnover of roughly $2,157,826. The pair spent much of the session consolidating within a range after a failed breakout attempt to the north.

Structure & Formations

Key levels of interest include support at 0.02185 and 0.0220, both of which have been tested multiple times. A notable bearish engulfing pattern formed on the 15-minute chart near the high of the session (0.02247), followed by a bearish pinbar that confirmed the rejection. A potential short-term reversal setup has developed as price has tested the 20-period moving average on the 15-minute chart repeatedly, with the 50-period line acting as a dynamic ceiling. A 61.8% Fibonacci retracement level from the recent 0.02185–0.02247 swing now sits at 0.0222, which could become a pivot point in the near term.

Moving Averages

The 20-period MA on the 15-minute chart remains just above current price levels, offering potential support. The 50-period MA is slightly higher and could act as a ceiling if bullish momentum resumes. On the daily chart, the 50/200-period MAs are in a bearish alignment, suggesting the broader trend remains neutral to bearish for VET. Price remains below both 50 and 100-period lines, reinforcing the idea that any rallies could be corrective rather than trend continuation.

MACD & RSI

The MACD line has been flattening since the failed breakout attempt, with a bearish crossover forming recently. RSI reached overbought levels above 65 during the breakout but has since retreated to the mid-50s, suggesting momentum is waning. A bearish divergence is emerging between the RSI and price as VETUSDT dips lower while RSI does not confirm the move, indicating a possible reversal is in the works.

Bollinger Bands

Volatility was at its highest mid-session with Bollinger Bands expanding to capture the 0.02247 high. Price has since consolidated into a tighter range and now sits near the middle band with a slight bearish bias. A contraction in band width suggests a possible continuation of consolidation, though a breakout cannot be ruled out if volume increases.

Volume & Turnover

On-balance volume has shown signs of divergence as price declines but volume remains relatively flat. The largest spike in volume occurred during the 0.02247 high, with a volume of 14,555,410.5 VET. Notional turnover also surged during this period to approximately $325,534, but has since declined. A bearish volume pattern is forming, with price action and volume failing to confirm each other on recent downward moves.

Fibonacci Retracements

The 61.8% Fibonacci retracement level from the swing low of 0.02185 to the swing high of 0.02247 is at 0.0222, which could act as a pivot. Price is currently near the 50% level (0.0221) and may test 0.0220 next if the bearish trend continues. Daily retracement levels from the past week remain neutral, with no clear overbought or oversold conditions emerging.

Backtest Hypothesis

A potential backtesting strategy would involve using the 20-period MA as a dynamic support zone, combined with RSI divergence and a bearish engulfing pattern for entry confirmation. A short position could be triggered when price breaks below the 0.02193 level with increasing volume. A stop-loss could be placed above the 20-period MA at 0.0220, with a target near 0.02185. This setup aligns with the current technical context, leveraging both momentum and structure to identify a high-probability short trade.