XVSUSDT Breaks Out — But Won’t Hold Above $3.34

Summary
• Price tested key resistance at $3.34 but reversed, suggesting bearish bias.
• High-volume breakouts occurred near $3.30–$3.34, confirming short-term bullish momentum.
• RSI overbought at 70+ during late ET rally, hinting at potential short-term profit-taking.
• Bollinger Bands widened sharply during the $3.30–$3.34 run, indicating heightened volatility.
• Volume surged on the $3.32 close, supporting the consolidation of that level as immediate support.

Venus/Tether (XVSUSDT) opened at $3.27 on 2026-02-06 12:00 ET, reaching a high of $3.34 and a low of $3.18, before closing at $3.32 on 2026-02-07 12:00 ET. Total 24-hour volume was 156,942.35 and turnover was $506,835.38.

Structure & Formations

Price action on XVSUSDT displayed a bullish breakout above the $3.30 resistance level, confirmed by a strong volume surge and a bullish engulfing pattern in the 5-minute chart around 16:15–16:30 ET. Subsequent pullbacks found support at $3.32, forming a potential base for further consolidation. The $3.34 level remains a key psychological resistance, and failure to break above it could see a test of the $3.28–$3.30 range.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are both trending upward, with the 20 MA crossing above the 50 MA, signaling a bullish crossover. On the daily chart, the 50/100/200 MA structure is mixed, with the 50 MA recently crossing above the 100 MA, suggesting potential momentum in a short-term bullish direction.

MACD & RSI

The MACD crossed into positive territory during the $3.30–$3.34 rally and remained strong with a rising histogram, supporting bullish momentum. The RSI peaked above 70 during the rally, indicating overbought conditions and a possible short-term pullback. However, the RSI has not yet diverged from price, so the rally remains intact for now.

Bollinger Bands

Volatility increased significantly during the $3.28–$3.34 move, with the Bollinger Bands expanding from a narrow contraction in the early morning. Price closed near the upper band on the $3.32 candle, indicating strength in the rally but also hinting that a correction back toward the midline could be in order if buyers stall.

Volume & Turnover

Volume spiked during the breakout above $3.30 and again at the $3.32 close, confirming institutional buying. Turnover also increased significantly during these phases, aligning with price. Divergence between volume and price was not observed, suggesting the bullish move remains valid for now.

Fibonacci Retracements

On the 5-minute chart, the $3.32 close aligns with the 61.8% Fibonacci retracement level of the earlier $3.21–$3.34 move, suggesting a key area of support. A break below this level could see price test the 38.2% retracement at $3.28, while a break above $3.34 could trigger a retest of the 78.6% level at $3.36.

The forward-looking price action may hinge on how traders respond to the $3.34 resistance level. A sustained close above this level could trigger a retest of the $3.36–$3.38 zone, while a failure to break through may lead to a pullback toward $3.30–$3.28. Investors should also monitor the RSI for signs of a bearish divergence, as this could signal a reversal in momentum.