VeThor Token/Tether Market Overview – 2025-09-23

• VTHOUSDT traded in a tight range but ended higher on increased volume and moderate turnover.
• A bullish reversal pattern emerged near 0.00167 with confirmation in afternoon trading.
• Momentum improved in the final 6 hours, as RSI and MACD aligned with price.
• Volatility expanded after 0.001676, with Bollinger Bands widening as price tested upper resistance.

The VeThor Token/Tether (VTHOUSDT) pair opened at 0.001677 on 2025-09-22 at 12:00 ET and closed at 0.001674 on 2025-09-23 at 12:00 ET, with a high of 0.001684 and a low of 0.001647 over the 24-hour period. Total volume was approximately 81.8 million, and turnover (notional value) stood at $137,100. The pair has shown a modest recovery after a morning sell-off, with buyers reasserting control in the final hours.

Structure & Formations

Price action has shown a defined support cluster between 0.00167 and 0.001673, with three distinct bullish reversals including a key 0.001672–0.001674 hammer pattern in the early morning. A larger bearish engulfing pattern appeared mid-morning at 0.001673–0.001677, but was rejected as buyers pushed back into the upper half of the range. The 0.001682 level acted as a dynamic resistance, with price rebounding off it twice in the late afternoon and early evening.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish crossover late morning, aligning with price’s break above 0.001675. The 50-period line remained above the 100-period line on the daily chart, while the 200-period line offered a baseline of 0.001668—below the current price. This suggests a mildly bullish near-term bias and a neutral-to-bullish longer-term setup.

MACD & RSI

The MACD crossed into positive territory around 20:00 ET on the 15-minute chart and remained above the signal line through the session close, suggesting sustained bullish momentum. RSI bottomed at 35 in the midday sell-off and rose above 50 in the final 4 hours, aligning with the price action. Neither indicator showed signs of overbought conditions, suggesting room for further upward movement.

Bollinger Bands

Bollinger Bands displayed a moderate widening in the afternoon and evening, indicating rising volatility. Price traded between the upper and middle bands after 0.001676, with a retest of the upper band at 0.001682 failing to push through. A contraction observed between 0.001672 and 0.001674 preceded a breakout attempt, signaling a potential shift in volatility.

Volume & Turnover

Volume increased steadily after midday, with the largest bar at 21:45 ET (224500) showing 2.01 million contracts traded. Turnover mirrored volume but remained relatively moderate, with no major divergences noted. A key confirmation of price action came at 0.001677–0.001681, where high volume accompanied a rejection at resistance, reinforcing the bearish pressure in that area.

Fibonacci Retracements

Applying Fibonacci levels to the 0.001647 to 0.001684 swing, the 0.001668 (38.2%) and 0.001674 (50%) levels acted as support and pivot points. The 0.001682 level corresponds to the 61.8% retracement and has consistently rejected price, indicating strong bearish pressure. A break above 0.001682 could signal a shift in the balance of power.

Looking ahead, the 24-hour period may see renewed testing of 0.001682 as a key resistance level. If bulls manage to close above this level, it could initiate a short-term bullish phase. However, a retest of the 0.001673–0.001675 consolidation zone may bring profit-taking, so investors should remain cautious and watch for divergences in volume and momentum indicators.

Backtest Hypothesis

A potential backtesting strategy could focus on the Fibonacci 50% level at 0.001674 and the 61.8% level at 0.001682 as dynamic entry and exit points. A long entry could be triggered on a confirmed close above 0.001674, with a stop-loss placed below 0.001671. A short entry may be activated on a rejection at 0.001682, with a stop-loss above 0.001684. This strategy would aim to capture the momentum shifts observed in the pattern and RSI divergence.