XVSUSDT Market Overview: Venus/Tether Daily Price Action and Volatility

• Price rose from 6.84 to 7.45, showing a strong 61.8% Fibonacci retracement on the 15-minute chart.
• Momentum accelerated in late ET hours, as confirmed by MACD crossover and RSI above 60.
• Volatility expanded during the 14:00–16:00 ET period, with Bollinger Bands widening and volume spiking.
• 7.50–7.60 appears to be a critical resistance cluster, tested and bounced on multiple 15-minute candles.
• Turnover confirmed strength with $3.4M in volume at 7.70–7.80 during the 14:00–15:00 ET range.

Venus/Tether (XVSUSDT) opened at 6.84 on 2025-10-07 at 12:00 ET and closed at 7.45 as of 2025-10-08 12:00 ET, hitting a 24-hour high of 7.98 and a low of 6.53. The total volume was 1.23M XVS, and notional turnover amounted to $8.74M, reflecting increased liquidity and momentum. The pair exhibited a clear upward bias with a strong breakout pattern.

The 15-minute chart shows a series of bullish engulfing patterns and a trend continuation pattern in the late hours of the session. Key support levels appear at 7.10, 6.90, and 6.75, with 7.50–7.60 forming a dynamic resistance cluster. A notable Doji at 7.80 on October 8 at 15:00 ET signaled consolidation after a sharp up-move. The 20-period EMA crossed above the 50-period EMA, confirming a bullish trend. However, the 50-period SMA on the daily chart remains below the current price, suggesting a mixed near-term outlook.

The RSI reached 75 during the 14:00–14:30 ET spike, suggesting overbought conditions, while the MACD showed a bullish crossover with a strong positive histogram. Bollinger Bands expanded during the 14:00–16:00 ET window, with price consistently above the 20-period MA, indicating higher volatility and a continuation of the bullish trend. The Fibonacci retracement levels showed a 61.8% level at 7.40–7.45, which aligned with the current price and acted as a strong support during consolidation.

Backtest Hypothesis: The strategy described relies on MACD crossovers, RSI overbought/oversold thresholds, and Fibonacci retracement levels to identify entries and exits. Given the current chart dynamics, a backtest would likely benefit from entries at 7.55–7.60 on a MACD bearish divergence or RSI over 75, with stops just below 7.40. Targets could be set at 7.65–7.80 based on the recent momentum and Fibonacci projections.