VeChain $VET T) Technical Analysis Update
VeChain has successfully broken out of the falling wedge pattern and is now facing the crucial 200-period moving average (MA) on the 4-hour chart.
This is a key resistance point,
and a confirmed breakout above this level could signal further bullish momentum.
Key Levels to Watch:
Immediate Resistance: 200-period MA (4-hour chart)
Potential Price Targets Post-Breakout:
$0.061
$0.069
$0.079
Next Move:
If VET clears the 200 MA with strong volume,
expect potential rallies toward the $0.061 to $0.079 range.
Watch for any signs of rejection at the 200 MA, which could result in consolidation or a pullback.
Risk Management: Always use stop-loss orders to protect against sudden market reversals. The trend remains bullish,
but confirmation is essential.
Stay tuned and trade wisely!
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