XVSUSDT Market Overview: 24-Hour Analysis as of 2025-11-04

Summary
• Price opened at $4.34 and closed at $4.26, with a 24-hour high of $4.43 and low of $4.14.
• Momentum shifted after 05:30 ET, with a sharp selloff pulling price below key support.
• Volume surged near the close, signaling heightened activity as price approached $4.14.

Venus/Tether (XVSUSDT) opened at $4.34 on 2025-11-03 at 12:00 ET and closed at $4.26 by 12:00 ET on 2025-11-04. The pair reached a high of $4.43 and a low of $4.14 during the period, with total volume of 130,025.99 and a notional turnover of approximately $546,145.42. The 24-hour session saw a bearish bias develop in the latter half, particularly after a sharp drop below $4.26, which marked a key psychological level.

Price action formed a bearish reversal pattern after a bullish consolidation phase. A strong bearish engulfing pattern appeared at the 05:30 ET candle, with open at $4.36 and close at $4.26, indicating a shift in sentiment. This was followed by a continuation of the downtrend through a series of lower highs and lower lows. Support levels emerged at $4.26, $4.20, and $4.14, with the latter showing moderate resilience but failing to hold for long.

The 20-period and 50-period moving averages on the 15-minute chart crossed below the price during the selloff, confirming the bearish momentum. The 50-period moving average at $4.30 and the 20-period at $4.32 acted as dynamic resistance. On the daily chart, the 50-period MA at $4.40, 100-period at $4.42, and 200-period at $4.43 all sat above the current price, reinforcing a long-term bearish bias.

MACD turned negative in the afternoon, with a bearish crossover and a diverging histogram. RSI dipped below 30 in the late hours of 2025-11-04, suggesting oversold conditions. However, the price failed to rebound, raising the possibility of a deeper correction. Bollinger Bands showed a moderate expansion following the selloff, with price currently resting near the lower band at $4.14, indicating heightened volatility and a continuation phase.

The volume profile increased significantly during the late-night selloff, with over 20,000 units traded at $4.23–$4.18 during the 07:30 ET candle. This high-volume bearish move coincided with a sharp drop to the 24-hour low. Turnover was also elevated during this period, confirming the bearish conviction. Fibonacci retracements showed that the $4.26 level was a 38.2% retracement of the earlier move, while $4.14 aligned with the 61.8% level, suggesting a potential target for further downside.

The price may test critical support at $4.10 in the next 24 hours, but a rebound above $4.26 could signal a short-term bottom. Investors should remain cautious, as the RSI is still in oversold territory but has not shown a clear reversal yet.

The Backtest Hypothesis aims to leverage the detected candlestick patterns (like the bearish engulfing) by triggering a sell signal on their formation. The strategy assumes an exit at the 3-day low following the signal, which could help evaluate the profitability of such a trade-off. This hypothesis aligns with the observed bearish momentum and could be integrated with the MACD and RSI signals for a multi-indicator confirmation approach.