$VET Consolidation with Potential Breakout

Current Price: $0.03212 (+2.82%)

24H High: $0.03398

24H Low: $0.03117

Analysis:

VET is showing signs of consolidation, with the MA(7) at $0.03254 acting as resistance. The price briefly spiked to $0.03398 before retracing, now testing support levels near MA(25) at $0.03227. A breakout above $0.033 could spark bullish momentum, while failure to hold above $0.032 might lead to a pullback.

Key Levels:

• Support: $0.03227 (MA25), $0.03117 (24H low)

• Resistance: $0.03254 (MA7), $0.03398 (24H high)

Insights:

Volume is steady but lacks the explosive movement required for a strong breakout. Watch for increased activity near the resistance levels to confirm directional bias. A breakout could lead to a retest of the $0.03400 zone, while rejection might push VET back toward $0.03150.

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