VeChain (VET) Gearing Up for a Massive Breakout – Key Levels Uncovered
VET
BULLISH
MOVE
VeChain (VET) is showing signs of an imminent major move as price consolidation tightens. Traders are anticipating a breakout or breakdown, with key support and resistance levels being tested. By analyzing the 4-hour, 1-hour, and 15-minute charts, we can assess where VET might be headed next.
4-Hour Chart Overview
VET has been moving between $0.024 (support) and $0.026 (resistance), forming a tight trading range. Bulls have attempted to push past $0.026, but strong selling pressure keeps price action contained. If VET breaks above this resistance, it could rally toward $0.0285. However, if $0.024 fails to hold, a decline toward $0.022 is possible. RSI sits near neutral, reflecting market indecision.
1-Hour Chart Trend Analysis
On the 1-hour timeframe, VET is showing mixed signals. MACD is near a potential bullish crossover, hinting at a possible upside move. However, the lack of strong volume suggests that a breakout still needs confirmation. If buying pressure increases, VET could push past $0.026, but another rejection could send it back toward $0.024.
15-Minute Chart Short-Term Movement
The 15-minute chart highlights rapid fluctuations, with VET bouncing off $0.0238 before attempting a recovery. The Bollinger Bands indicate a squeeze, suggesting that volatility will soon increase. A breakout above $0.026 could trigger an uptrend, while failure to hold support could invite further selling pressure.
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Key Price Levels to Watch
- Resistance: $0.026, then $0.0285
- Support: $0.024, then $0.022
VET’s Next Move – What to Expect
A confirmed breakout above $0.026 could drive bullish momentum, while a drop below $0.024 could accelerate selling pressure. Traders should monitor volume closely for confirmation.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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