$VITE Is ready for pullback:

Given the recent sharp rise in VITE’s price and the technical indicators showing overbought conditions, a decline or correction could indeed be on the horizon. Here are the main signs pointing to a possible pullback:

1. RSI Levels: The current RSI (Relative Strength Index) for VITE is above 80, which traditionally signals overbought conditions. When the RSI is this high, it often suggests that buying momentum may slow down, and a price correction could follow as traders begin to take profits.

2. Stochastic RSI: In your chart, the Stochastic RSI is also near its upper limit, indicating that VITE is in an overbought state. This oscillator can sometimes signal a reversal when it is near 100, as it is in your chart.

3. Volume Trends: While VITE has experienced high trading volume recently, if volume starts to decrease, it could indicate that buying interest is waning. A drop in volume combined with high prices can be a signal that the rally is losing momentum.

4. Resistance Levels: VITE is approaching a key resistance level around $0.018. If it fails to break through this level, it may trigger selling pressure, leading to a pullback.

In summary, while there is a possibility for further gains if the resistance is broken with strong volume, the high RSI and other overbought indicators suggest that VITE could be due for a decline or consolidation phase. If it does pull back, it may find support around $0.012 to $0.014, as previous support levels in this area could stabilize the price.