$VET
🔥Market Status:
The market is in an upward adjustment phase, with an ascending channel formed between November 20 to December 8.
The price peaked at 0.07999 on December 3, then pulled back to 0.0679.
👌Key Levels:
👉Support Levels:0.0650.06
👉Resistance Levels:0.070.08
👍Technical Indicators:
Bullish signals:
Golden cross formed between the short-term moving average (0.0672) and long-term moving average (0.0423).
MACD remains above the zero line, with DIF at 0.0104 and DEA at 0.00874, signaling continued upward momentum.
👇Weakening momentum:
Trading volume has declined from previous peaks to 20-30 million units, indicating reduced buying pressure.
Strong resistance at 0.08, which could cap further gains without significant volume support.
👌Recommendation:
Monitor: Keep a close watch on the 0.065 support level to gauge whether the upward trend remains intact.
👀Caution:
Be mindful of adjustment risks and the potential inability to break the 0.08 resistance level without renewed buying strength.