$VITE
{spot}(VITEUSDT)
VITE/USDT is currently trading at $0.02066, showing signs of recovery from previous dips. The price is still below the 200-period MA at $0.02121, suggesting that the pair needs to break through this resistance for further upside potential.
VWAP (Volume Weighted Average Price): VWAP is sitting at $0.01993, close to the current price. A sustained move above this level could indicate bullish momentum starting to build.
RSI (Relative Strength Index): The RSI is currently at 62.71, suggesting that the price is nearing overbought territory, although there is still room for further upward movement before the market becomes overextended.
The MACD is showing positive signs, with the MACD line above the signal line, suggesting early bullish momentum. The histogram also shows positive values, reinforcing a potential bullish trend.
Resistance: The immediate resistance level to watch is around $0.02121 (200-MA). If the price breaks above this resistance, the next target could be $0.02250, followed by $0.02400.
Support: On the downside, support sits around $0.01811. A breakdown below this level could see the price retreat further towards $0.01708.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are volatile and involve risk. Always perform your own research before making any investment decisions.
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