Technical Analysis for $VET

/USDT:

Current Price: 0.05776 USDT

Trend: The price shows an upward movement with a +6.12% increase in the last 24 hours, indicating bullish momentum in the short term.

Support & Resistance:

Support Levels: 0.05377 USDT (strong support), 0.05500 USDT (minor support)

Resistance Levels: 0.05822 USDT (recent high), 0.06000 USDT (next resistance)

Trade Signal:

Action: Buy (bullish sentiment with strong volume)

Momentum: Positive, the 24h volume shows a relatively higher level of trading, confirming a steady buyer interest.

Timeframe: Short-term (15m to 4h)

Target Levels:

1. First Target: 0.05822 USDT (recent high, near-term goal)

2. Second Target: 0.06000 USDT (next key resistance)

3. Third Target: 0.06200 USDT (if the bullish trend continues)

Trade Momentum:

Momentum Indicator: Positive (+6.12% increase in 24h price), consistent buying volume suggests that the upward trend may continue in the short term. Keep an eye on price actions around 0.05800 USDT for potential breakout.

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