Letโ€™s review #VET/USDT chart. ๐Ÿ“Š

1. Price Movement:

- Current price: $0.03432, up by +1.57% ๐Ÿš€.

- Price is moving below the MA(99) of $0.04090, indicating a bearish trend in the long term. ๐Ÿป

2. Moving Averages (MA):

- MA(7): $0.03436

- MA(25): $0.03498

- Price is slightly above the MA(7), showing a short-term bullish momentum. ๐Ÿ“ˆ

3. Volume:

- Trading volume is significant, indicating active market participation. However, recent volume appears lower, suggesting a potential consolidation phase. ๐Ÿ”„

4. MACD (Moving Average Convergence Divergence):

- DIF: -0.00074

- DEA: -0.00069

- MACD Histogram: -0.00005

- MACD is below the signal line, indicating bearish momentum, but the histogram is close to zero, hinting at a possible trend reversal. ๐Ÿ“‰โžก๏ธ๐Ÿ“ˆ

5. RSI (Relative Strength Index):

- RSI(6): 45.49

- RSI(12): 43.99

- RSI(24): 44.34

- All RSI values are below 50, showing weak momentum and no overbought or oversold conditions. Neutral signals suggest waiting for more decisive movement. โธ๏ธ

6. On-Balance Volume (OBV):

- OBV: 4,197,055,344.80002

- OBV trend shows a slight decline, indicating that the selling pressure is currently higher. ๐Ÿ“‰

7. Overall Summary:

  • - The $VET VET/USDT pair shows mixed signals. Short-term indicators suggest a slight bullish trend, while long-term indicators remain bearish. Market participants might want to wait for a more definite trend confirmation before making decisions. ๐Ÿ•ต๏ธโ€โ™‚๏ธ

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$VET