VTHOUSDT Retraces After Failed 0.000620 Breakout Despite Surging Volume

Summary
• Price tested key resistance at 0.000620 before retracting, signaling potential bearish momentum.
• Volume surged during the 17:45–18:00 ET window, but price failed to maintain gains.
• RSI dipped into oversold territory near 0.000600, suggesting potential short-term rebound.
• Bollinger Bands narrowed before 20:00 ET, hinting at a period of consolidation.
• Fibonacci retracement at 0.000607 acted as a minor support during early morning trading.

VeThor Token/Tether (VTHOUSDT) opened at 0.000609 on 2026-02-06 12:00 ET, reached a high of 0.000623, and closed at 0.000611 by 2026-02-07 12:00 ET, after touching a low of 0.000600. Total volume over the 24-hour window was 212,304,390.0 and turnover reached 12,927.794238.

Structure & Formations

Price showed multiple attempts to break above 0.000620, most notably at 17:45 and 20:45 ET, but failed to hold the level. A bearish engulfing pattern appeared at 18:15 ET as the candle opened at 0.000617 and closed at 0.000606 after reaching a high of 0.000617. Later in the night, a small bullish hammer at 0.000601 near 19:15 ET suggested a potential short-term bounce.

Moving Averages and MACD

The 20- and 50-period moving averages on the 5-min chart crossed several times, indicating choppy momentum. MACD remained negative for most of the session, with a minor bullish divergence noted around 22:00–00:30 ET.

RSI and Bollinger Bands

Relative Strength Index (RSI) hit oversold levels near 0.000600 and rebounded, suggesting short-term support. Volatility dropped sharply after 20:00 ET, reflected in tightening Bollinger Bands, but expanded again as buyers entered at key Fibonacci levels.

Volume and Turnover

Volume spiked above 28 million at 17:45 ET, coinciding with the high of 0.000623, but price failed to close above 0.000620. A later volume spike at 22:45 ET supported the move to 0.000615 but lacked follow-through. Turnover and volume aligned well during key reversal candles.

Fibonacci Retracements

The 38.2% retracement level at 0.000607 held during early morning trading and acted as a minor support. A deeper 61.8% retracement at 0.000603 was tested twice but held. Traders may watch these levels for potential continuation or reversal.

Looking ahead, the pair could test 0.000620 again if buyers step in above 0.000613. However, caution is warranted as bearish momentum remains strong, and any rally could be short-lived without follow-through volume.