VeThor Token/Tether (VTHOUSDT) Market Overview – 2025-10-08

• VTHOUSDT traded in a tight range near 0.0016, with a 24-hour high of 0.001618 and low of 0.001572
• A notable 15-minute bearish engulfing pattern appeared after 20:30 ET, signaling potential short-term resistance
• Volatility expanded during the 10–12 PM ET window, with volume peaking at 13.1M contracts near 2:30 PM ET
• RSI remains near neutral levels, suggesting no immediate overbought/oversold conditions
• Bollinger Bands tightened after 4 AM ET, indicating a potential breakout phase later in the day

Opening Snapshot

VeThor Token/Tether (VTHOUSDT) opened at 0.001597 on 2025-10-07 at 12:00 ET and closed at 0.001581 on 2025-10-08 at 12:00 ET, with a high of 0.001618 and low of 0.001572 across the 24-hour window. Total volume reached 134,862,268 contracts, with notional turnover at ~$217,583. Price action shows a slight bearish bias and consolidation after the midday volatility spike.

Structure & Formations

The 24-hour chart displayed a range-bound structure between 0.00158 and 0.00161, with a temporary breakout above 0.001613 failing to hold. A bearish engulfing pattern formed at 20:30 ET as price closed below the prior bar’s open after rising to 0.001618. A doji appeared at 04:45 ET, signaling indecision in the early morning. Key support levels are visible at 0.001593, 0.001586, and 0.001578, while resistance clusters at 0.001603 and 0.001611.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near 0.001604 around 04:30 ET, forming a bearish crossover. Price remained below the 50-period MA for most of the session, suggesting short-term bearish bias. Daily moving averages (50/100/200) are not immediately relevant on the 15-minute timeframe but indicate longer-term stability.

MACD & RSI

MACD remained flat throughout the day with no clear divergence, though it showed a bearish cross in the early hours. RSI lingered between 45 and 55, indicating a balanced momentum state without overbought or oversold signals. A moderate bearish momentum was visible post-17:00 ET, as price declined from 0.00161 to 0.001596.

Bollinger Bands

Bollinger Bands showed a period of contraction from 02:30 to 04:45 ET, indicating a potential consolidation phase. The midline of the bands at that time was ~0.001594, while the upper and lower bands spanned 0.001614 and 0.001573 respectively. Price broke out of the upper band briefly at 20:30 ET before retreating, suggesting a false breakout with no follow-through.

Volume & Turnover

Trading volume spiked to 13.1 million contracts at 02:30 ET, coinciding with the formation of a bearish engulfing pattern. This suggests strong bearish conviction during that period. However, price failed to maintain the break below 0.001595, indicating possible short-term rejection. Notional turnover followed a similar pattern, peaking at ~$21,785 during that 15-minute window.

Fibonacci Retracements

Applying Fibonacci levels to the 0.001618 (high) and 0.00158 (low) swing between 17:00–02:30 ET, key retracement levels were at 0.001604 (38.2%), 0.001597 (50%), and 0.00159 (61.8%). Price found support near 0.001593 and 0.001586, both of which align with Fibonacci retracement levels or extensions.

Backtest Hypothesis

Given the bearish engulfing pattern at 02:30 ET and the failure of the upper band breakout, a short strategy could be initiated with a stop loss above 0.00161. The target would be a 38.2% Fibonacci retracement at 0.001597, with an exit above 0.00159 if momentum weakens. This approach aligns with the observed volume divergence and MACD bearish crossover, suggesting a high-probability trade for the next 24–48 hours. A trailing stop below key support levels could help capture additional bearish movement if confirmed by a breakdown of 0.001586.