VeChain/Tether (VETUSDT) Market Overview: Strong 24-Hour Uptrend Amid Surging Volume

• Price climbed from 0.02402 to 0.02566 with clear bullish momentum and above-average volume.
• Key resistance appears near 0.02549, with a recent breakout to 0.02568.
• RSI overbought and expanding Bollinger Bands signal heightened volatility.
• Volume peaked at 10.8M VET at 0.02549, confirming the move higher.
• A potential consolidation may follow as price nears upper Bollinger levels.

VeChain/Tether (VETUSDT) opened at 0.02402 on 2025-09-17 at 12:00 ET and closed at 0.02566 at the same time on 2025-09-18. The pair reached a high of 0.02568 and a low of 0.02391 over the 24-hour period. Total traded volume was approximately 205.7 million VET, with notional turnover reaching 5.26 million USD, highlighting strong on-chain activity.

The price action reveals a clear bullish bias with a sharp rally forming from 0.02402 to 0.02566 over the 24-hour window. Key support levels have formed around 0.02450 and 0.02402, while resistance is now in focus at 0.02549 and 0.02568. A large bullish candle on 2025-09-18 031500 (high at 0.02549) and a subsequent breakout above it suggest a possible shift in sentiment. A 20-period and 50-period moving average on the 15-minute chart are both bullish, with the 20-period above the 50-period, reinforcing the upward trend.

RSI has moved into overbought territory (above 70), signaling possible exhaustion in the short-term rally. However, the MACD remains positive and above its signal line, indicating sustained upward momentum. Bollinger Bands have expanded significantly, and the current price is near the upper band, pointing to increased volatility and a potential pullback or consolidation phase.

Volume spiked significantly at 0.02549, with 10.8 million VET traded, confirming the bullish move. The notional turnover at this level was 278,000 USD, a sharp increase from earlier in the session. This suggests strong buying pressure at the critical resistance level. However, the price failed to close above 0.02568, indicating potential short-term resistance. A divergence between price and volume at the peak may suggest a near-term correction could be in play.

Fibonacci retracement levels drawn from the key swing low of 0.02391 to the swing high of 0.02568 show the 61.8% level at around 0.02485, which has acted as a minor support/resistance level. A 38.2% retracement at 0.02463 has also been tested multiple times, indicating possible consolidation zones. On the daily timeframe, the 50-period and 200-period moving averages are still in bullish alignment.

Backtest Hypothesis

Given the recent bullish breakout above 0.02549 and confirmation via high volume, a backtesting strategy could focus on a long entry at the close of the confirming candle (0.02549), with a stop loss placed below the 0.02494 level and a target aligned with the 0.02568 resistance. This setup would aim to capture momentum on a break above a key psychological level, using RSI overbought conditions and expanding Bollinger Bands as indicators of heightened volatility. A trailing stop could be activated as price moves higher, with an exit strategy based on RSI moving below 60 or a close below the 50-period moving average.