$VET Surges by 9.70%: Bulls Push to New Highs! 🔥
VET is making strong moves, trading at $0.02658, up 9.70%, with bullish momentum driving the price to recent highs. Here’s what’s happening:
1. Moving Averages (MA)
• The 7-hour MA (yellow line) at $0.02602 is acting as solid support, with the price staying well above this level.
• The 25-hour MA (pink line) at $0.02496 and the 99-hour MA (purple line) at $0.02595 are now providing additional layers of support as the uptrend gains traction.
2. Volume Insights
• Volume has surged as VET rallied from its 24-hour low of $0.02360, indicating significant buying pressure and market enthusiasm.
3. Key Levels to Watch
• Resistance: The 24-hour high of $0.02729 is the immediate resistance. A break above this level could propel VET to the $0.02800 zone.
• Support: Immediate support lies at $0.02602 (7-hour MA). If this level fails, the next critical support is $0.02595 (99-hour MA).
4. Trend Analysis
• VET is in a clear uptrend, with the price above all major MAs and volume supporting the rally. The next move will depend on whether buyers can sustain momentum above resistance levels.
Trading Strategy
• For Bulls: Watch for a breakout above $0.02729 with strong volume to target higher levels. Use $0.02602 as a trailing stop.
• For Bears: Look for a rejection at $0.02729 or a break below $0.02602 to target lower support levels around $0.02595.
VET is showing strength and is positioned for potential further gains—keep an eye on the key levels!
#NextMarketMoves #MemecoinWars #HaveYouBinanced #USUALonLaunchpool&Pre-Market
{spot}(VETUSDT)