$VET /USDT Price Analysis
VET/USDT is showing a strong bullish rally, currently trading at $0.04729, up 9.09% in the past 24 hours. The price has surged from a low of $0.04223 to a daily high of $0.04739, supported by increasing trading volumes and positive market sentiment.
Key Levels to Watch:
Support: $0.04576 – Holding above this level will confirm continued upward momentum.
Resistance: $0.04765 – A breakout above this resistance could push VET toward new highs.
Trade Setup:
Long Entry: Around $0.04729, with confirmation of a breakout above $0.04765.
Targets:
1. $0.04850 (short-term)
2. $0.05000 (medium-term)
Risk Management:
Stop-loss: $0.04480 – Protect your position from potential pullbacks.
Market Insight:
VET is building strong upward momentum, driven by increased buyer activity. A breakout above $0.04765 could attract more buyers, leading to further price gains. However, traders should monitor $0.04576 for signs of a possible retracement, which could offer a re-entry opportunity.
