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$VET (VET/USDT) Technical Analysis - April 4, 2025
🔍 Market Overview
Current Price: $0.02218
24h Change: +2.54% (Minor bullish movement)
24h High: $0.02218
24h Low: $0.02073
24h Volume (VET): 397M VET
24h Volume (USDT): 8.51M USDT
📉 Trend & Momentum Analysis
1️⃣ Moving Averages (MAs)
7-day MA (Yellow): $0.02242 (Price below, weak bullish attempt)
25-day MA (Purple): $0.02460 (Price below, confirming downtrend)
99-day MA (Blue): $0.03544 (Major resistance)
🔹 Interpretation:
VET is in a strong downtrend, trading below all key moving averages.
The 7-day MA is attempting to turn up, but it needs confirmation with higher volume and price increase.
2️⃣ Support & Resistance Levels
Immediate Resistance: $0.02250 - $0.02300 (Short-term rejection zone)
Major Resistance: $0.02500 - $0.02600 (Stronger supply zone)
Support Levels: $0.02073 (Recent low, must hold)
🔹 If $0.02250 - $0.02300 is broken with volume, VET may test $0.02500 - $0.02600.
🔹 If VET drops below $0.02073, the next support is around $0.02000 or lower.
3️⃣ Volume Analysis
Volume is low compared to past highs, indicating weak buying pressure.
A volume breakout above $0.02300 would confirm a bullish move.
If volume remains low, VET could stay in a sideways range or continue its downtrend.
🛠 Trading Strategy
✔️ For Bulls (Buyers):
Buy only if price reclaims $0.02300 with volume confirmation.
If price retests $0.02073 and holds, consider a long position.
❌ For Bears (Sellers):
Short if price fails to break $0.02300.
A break below $0.02073 could push VET down to $0.02000.
🔮 Final Outlook: Bearish 🔻 with a chance of a small reversal
VET is in a downtrend, but $0.02073 is an important support.
If $0.02300 breaks, short-term bullish momentum could push the price to $0.02500 - $0.02600.
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