Technical Analysis: VET/USDT - Key Levels and Price Action 🚀
Looking at the current chart for VET/USDT on Binance, we observe an impressive upward movement, with the price increasing by +20.89% in the past 24 hours. As of now, VET is trading around $0.0386, and traders are eyeing key levels for potential opportunities. Here's a breakdown of the technical setup and three target zones to watch:
Key Levels:
Current Price: $0.0386
24h High: $0.04013
24h Low: $0.03171
Support Level (SAR): $0.03500
Target Levels: 🎯
1. Target 1 - $0.04013:
The recent 24h high at $0.04013 is the first major target. If VET continues its bullish momentum, a break above this level could lead to a further rally toward the next resistance zone. Watch for volume and price action as it approaches this point for potential continuation signals.
2. Target 2 - $0.04200:
A logical extension above the 24h high could push VET towards the $0.04200 resistance zone. This level aligns with previous highs, so traders should be cautious about a possible pullback here. A strong breakout above this could signal a new uptrend.
3. Target 3 - $0.04500:
The $0.04500 level could be a key area for profit-taking or further consolidation. If VET maintains strong bullish momentum and clears the $0.04200 zone, this could be the next significant resistance level, where price action may slow down or reverse.
Support Zone:
$0.03500 (SAR): Watch for any price retracements to this level. If VET fails to maintain above this support, it could potentially test lower zones.
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