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VET has a market cap of less than 4B. campared to xrp over 100B. Vet is working with BMW.. I think Vechain can do a 10x and be worth 0.5 dollars in the near future.
$VET As of today, VET (VeChain) has seen some volatility, with the price around $0.04626. To assess its potential, we need to consider key levels for both support and resistance.
1. **Support Level:** If VET maintains its current price, the immediate support could be near the $0.045 mark. This level has held previously and could serve as a solid base for further upward momentum.
2. **Resistance Level:** The next resistance to watch is around $0.048 to $0.050, which has been a hurdle for VET in the past.
A **profitable trading idea** could be to look for a short-term bounce from the support level ($0.045), targeting a profit in the range of $0.048 to $0.050. If the price breaks through $0.045, there may be further downside risk, so consider stop-loss strategies below that level.
Overall, VET appears to be in a consolidation phase, and timing a trade around the key levels mentioned could yield good returns if the market sentiment remains favorable.$VET
1. **Support Level:** If VET maintains its current price, the immediate support could be near the $0.045 mark. This level has held previously and could serve as a solid base for further upward momentum.
2. **Resistance Level:** The next resistance to watch is around $0.048 to $0.050, which has been a hurdle for VET in the past.
A **profitable trading idea** could be to look for a short-term bounce from the support level ($0.045), targeting a profit in the range of $0.048 to $0.050. If the price breaks through $0.045, there may be further downside risk, so consider stop-loss strategies below that level.
Overall, VET appears to be in a consolidation phase, and timing a trade around the key levels mentioned could yield good returns if the market sentiment remains favorable.$VET