$VITE /USDT Analysis: Technical Breakdown & Targets
Current Price: $0.01280 (-6.77% on the 30m chart)
Technical Analysis:
$VITE /USDT has faced resistance at $0.01378 (24h high) and is currently retracing.
Support is evident near $0.01211 (24h low), indicating potential buying activity.
Consolidation on the 30-minute chart suggests accumulation before the next move.
3 Targets for VITE/USDT:
1. Target 1 (T1): $0.01320
Immediate resistance level.
A move above this could spark short-term bullish sentiment.
2. Target 2 (T2): $0.01378
Key resistance at the 24h high.
Breaching this could signal a trend reversal to the upside.
3. Target 3 (T3): $0.01450
Long-term target based on Fibonacci extensions and price recovery potential.
Actionable Advice:
Short-Term Traders: Consider securing partial profits at $0.01320 and adjust stop-loss to breakeven.
Long-Term Traders: Monitor for a breakout above $0.01378 for a move toward $0.01450.
Stop Loss: Set below $0.01210 to protect against further downside.