$VET



Trend Overview:

  • Medium-Term Trend: The VET/USDT price has shown a strong bullish trend, trading well above the 200 SMA. This suggests sustained upward momentum and investor confidence in the current trend.

  • Short-Term Trend: Recent price action is characterized by a rapid surge, breaking multiple resistance levels and achieving new highs in the short term.

Chart Patterns:

  • VET/USDT has broken out of a prolonged consolidation phase and is now forming a bullish continuation pattern.

  • The breakout above the key resistance at $0.04146 has confirmed a strong upward momentum.

Indicators Analysis:

  1. RSI (Relative Strength Index):

    • Current RSI is at 60.33, indicating neutral to moderately bullish conditions.

    • The RSI is not yet overbought, leaving room for further upward movement, but caution is warranted for potential consolidation or retracement if the RSI approaches 70–80 levels.

  2. MACD (Moving Average Convergence Divergence):

    • The MACD line is above the signal line, with a positive histogram, confirming bullish momentum.

    • However, the histogram shows signs of flattening, indicating possible slowing momentum.

Support and Resistance Levels:

  1. Support Levels:

    • Primary Support: $0.04146 – This previous resistance level has turned into a critical support zone.

    • Secondary Support: $0.03515 – This level aligns with the 200 SMA and previous consolidation zones, offering robust support.

  2. Resistance Levels:

    • Immediate Resistance: $0.04550 – The recent high is the next challenge for bulls to sustain the upward momentum.

    • Next Target: $0.05000 – A psychological level and potential profit-taking zone.

Volume Analysis:

  • A noticeable spike in trading volume accompanied the recent breakout, validating the bullish trend.

  • Sustained high volume would support further price increases, while declining volume could signal weakening momentum.


VET/USDT exhibits a strong bullish trend supported by technical indicators and volume. The breakout above $0.04146 marks a significant move, with the potential for further gains toward $0.04550 and $0.05000. However, traders should monitor the RSI and MACD for any signs of weakening momentum or overbought conditions. Key support levels at $0.04146 and $0.03515 will play a critical role in sustaining the bullish outlook.