VeThor Token/Tether Market Overview (VTHOUSDT) - 2025-10-11

• Price dropped sharply from $0.001496 to $0.001201 in 24 hours.
• A large bearish gap formed during early trading hours, signaling strong selling pressure.
• RSI and MACD confirmed a bearish momentum with oversold conditions.
• Volatility expanded significantly, as shown by the widening of Bollinger Bands.
• Price remains below both 20- and 50-period moving averages, reinforcing a downtrend.

VeThor Token (VTHOUSDT) opened at $0.001486 on 2025-10-10 at 12:00 ET and closed at $0.001201 on 2025-10-11 at the same time. The 24-hour range was between $0.001496 and $0.000638. Total volume traded was 832,817,524, with a notional turnover of $1,010,886 (VTHO price × USDT volume). The pair has shown a pronounced bearish bias, especially from midday onward.

Structure & Formations

The price of VTHOUSDT formed a sharp bearish channel from $0.00148 to $0.00120, with multiple large bearish candles confirming downward momentum. A key support level appears to have emerged near $0.001180–0.001185, based on repeated price rejections and volume accumulation. A bearish engulfing pattern was observed at the start of the sharp decline, followed by a long lower shadow and a bearish continuation at the 200-period moving average level. A potential reversal may be in the works if price finds support and forms a hammer or a bullish engulfing pattern near $0.001180.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are aligned lower, reinforcing the bearish trend. On the daily chart, the 50, 100, and 200-period moving averages are all trending downward. The price remains below all three, suggesting that the broader trend remains bearish. A cross above the 50-period MA could signal a short-term bounce, but a sustained close above the 200-period MA would be needed for a longer-term reversal.

MACD & RSI

The MACD turned negative and remains in bearish territory, with the histogram expanding during the sharp sell-off. The RSI dropped into oversold territory, reaching as low as ~30, which suggests a possible short-term bounce, although this may not be enough to reverse the trend without a strong volume surge. A move above 40 would signal weakening bearish momentum, but a sustained move above 50 would be a stronger indicator of a potential recovery.

Bollinger Bands

Bollinger Bands have expanded significantly during the sharp sell-off, indicating high volatility. The price has remained below the lower band for most of the session, reinforcing the bearish bias. A contraction in the bands may signal a consolidation phase, which could lead to a breakout or a continuation of the downtrend. Currently, the price appears to be trading in a wide range, suggesting a lack of directional conviction.

Volume & Turnover

Volume has spiked during key bearish moves, particularly around the $0.001445 to $0.001201 range, confirming the strength of the selling pressure. Turnover also increased sharply during the large selloff in the evening, indicating active participation. However, volume has started to moderate during the last few hours of the session, suggesting exhaustion of the bearish move. A divergence between price and volume may indicate weakening bearish momentum, but it needs to be confirmed with a follow-through in price action.

Fibonacci Retracements

Fibonacci retracement levels drawn from the recent high ($0.001496) to the low ($0.000638) indicate key levels at 38.2% (~$0.001268), 50% (~$0.001067), and 61.8% (~$0.000841). The price currently appears to be consolidating near the 38.2% retracement level, which may act as a temporary support. A break below this level could trigger further movement toward the 50% and 61.8% levels.

Backtest Hypothesis

Given the bearish momentum and oversold conditions in the RSI, a potential backtest strategy could involve a short entry near the 38.2% Fibonacci level with a stop just above the 50% retracement level. The strategy would aim to capture a continuation of the downtrend by holding the position until the MACD turns positive or the RSI crosses above 50. This approach would benefit from the alignment of moving averages and volume behavior during the selloff. The high volatility and current positioning near key Fibonacci levels make this a viable setup for a bearish continuation trade.