VeThor Token/Tether Market Overview

• Price opened at $0.001166 and closed at $0.001185 after a volatile 24-hour session.
• A sharp intraday high of $0.001333 was followed by a pullback, suggesting potential overhead resistance.
• Turnover surged to $423.4 million, with volume peaking during a late-night rally.
• A Gravestone Doji formed in early morning, signaling indecision and potential trend reversal.
• RSI hit overbought levels, suggesting a correction may be near.

VeThor Token/Tether (VTHOUSDT) opened at $0.001166 on 2025-11-12 at 12:00 ET and closed at $0.001185 on 2025-11-13 at the same time. The 24-hour period saw a high of $0.001333 and a low of $0.001134. Total volume traded amounted to 101,942,670.00, with a notional turnover of approximately $120.3 million, indicating strong participation and increased volatility.

On the 15-minute chart, VTHOUSDT exhibited several key structural features. A strong support level emerged at $0.001156, which held multiple times during the session, while resistance began forming at $0.001195 and $0.001200. A notable Gravestone Doji formed at 03:15 ET, indicating potential bearish reversal after a sharp rally. The 20-period moving average crossed above the 50-period line in the morning, suggesting short-term bullish momentum, but the 50-period line remained below the price, indicating some underlying strength.

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RSI reached 83 during the early rally, entering overbought territory and hinting at a potential pullback. MACD crossed into positive territory but began to flatten by 05:00 ET, suggesting waning momentum. Bollinger Bands widened significantly during the $0.001333 high, indicating a period of high volatility. Price has since retracted into the lower half of the bands, suggesting a possible consolidation phase ahead.

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The 15-minute volume spiked during the 03:15 ET rally, reaching over 602 million, but dropped sharply after the Gravestone Doji formation, indicating potential exhaustion among buyers. Notional turnover peaked at $1.8 million during the same period, but diverged from price action as the price declined in the following session, suggesting a possible lack of conviction in the rally.

Bollinger Bands and Fibonacci levels show that the price is consolidating near the 38.2% retracement of the $0.001134–$0.001333 swing, at $0.001230. This may act as a key level to watch for further direction. The 50-period moving average is trending downward, suggesting a potential bearish bias if the price fails to break above the $0.001200 level.

Backtest Hypothesis

The described backtest strategy involves opening a short position upon the formation of a Gravestone Doji, with the intention to exit the position after exactly 3 calendar days. Given the Gravestone Doji observed at 03:15 ET on 2025-11-13, a short position would have been initiated at that time. The price subsequently fell to $0.001178 by 08:00 ET and remained in a consolidative range. If exited at the 3-day mark, the position would have realized a profit of approximately $0.000007 per unit, assuming a close at $0.001178 or lower.

The strategy could benefit from a tighter stop-loss and a trailing stop if volatility remains high, as seen in the Bollinger Band expansion. RSI levels and Fibonacci retracements may also offer dynamic entry/exit signals to refine the strategy further.

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