Venus/Tether USDt Market Overview: XVSUSDT 24-Hour Technical Summary

• XVSUSDT opened at $6.40 on 2025-09-10 12:00 ET, touched a high of $6.44, and closed at $6.38 on 2025-09-11 12:00 ET.
• Price declined in a consolidating range, forming a bearish inside bar pattern during the overnight session.
• Average volume spiked in the 03:30–05:00 ET timeframe, indicating increased interest during a key price reversal.
• RSI hit oversold levels in the early morning before rebounding, suggesting short-term support at $6.36–$6.38.

XVSUSDT traded in a 24-hour range from $6.34 to $6.44, with a final close at $6.38 after opening at $6.40. Total volume reached 30,333.12 and notional turnover totaled $192,984. The price action showed a bearish consolidation pattern with key support at $6.36–$6.38.

Structure & Formations

The price formed a bearish inside bar at $6.38–$6.39, followed by a breakdown to $6.36, suggesting short-term bearish bias. A doji emerged around $6.36 in the early morning, indicating indecision. Support levels at $6.36 and $6.32 are key to watch for further bearish confirmation. Resistance at $6.40–$6.42 could cap short-term rallies.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bearish territory, with the 50-period line below the 20-period, signaling bearish momentum. On the daily chart, the 200-period MA sits at approximately $6.33–$6.35, aligning with the lower end of the 24-hour range, suggesting potential for further downward movement if support levels break.

MACD & RSI

The MACD line turned negative during the overnight hours and has remained bearish with bearish divergence noted in the 03:00–06:00 ET window. RSI bottomed at 30 in the early morning before recovering slightly to 48, indicating a potential short-term rebound from oversold conditions. However, RSI remains below 50, signaling continued bearish momentum.

Bollinger Bands

Price action remained within the Bollinger Bands for most of the 24-hour period, with volatility expanding during the overnight sell-off. A contraction occurred briefly before 04:00 ET, followed by a sharp break below the lower band, signaling a bearish breakout. Price is currently testing the lower band at $6.36–$6.38, with the upper band near $6.42 acting as resistance.

Volume & Turnover

Volume spiked at $6.38–$6.39, with the highest volume candle reaching $6.43–$6.42 (volume: 4,375.23). Notional turnover also surged in that window. A divergence appears between price and volume after 05:00 ET, where price continued to fall but volume declined, indicating possible exhaustion. A reversal could follow if volume picks up with a bullish bounce.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $6.34 to $6.44, the 38.2% level at $6.39 and the 61.8% at $6.37 line up with key price levels. The 61.8% level has shown strong resistance and potential support on pullbacks. On the daily chart, the 61.8% retracement level from a larger swing aligns with $6.33, where price is currently consolidating.

Backtest Hypothesis

A potential backtesting strategy could involve entering short positions upon a confirmed break of the $6.36 support level, with a stop-loss above $6.39 and a target at $6.33–$6.32. Given the recent bearish divergence in MACD and the consolidation at key Fibonacci levels, a mean-reversion or breakout strategy on the short side may offer favorable risk-reward ratios. This approach aligns with the observed price structure and technical indicators, particularly when volume confirms the move.