CryptoLayer1

🔎 $VET /USDT – VeChain Up +1.91%, But Still Ranging... What's Next? 🔗

#VeChain ($VET ) inches upward with modest gains. While volume holds steady, bulls need a breakout above $0.0297 to shift the short-term narrative.

📊 Market Overview

📍 Current Price: ~$0.02822
📈 24h High: $0.02969
❄️ 24h Low: $0.02729
🔄 24h Vol (VET): 358.99M
💵 24h Vol (USDT): $10.23M

📉 Moving Averages

MA(7): $0.02865

MA(25): $0.02848

MA(99): $0.02807

Volume MA(5): 28.67M

Volume MA(10): 18.16M

RSI(6): 39.62 (bearish-neutral)

📈 VET Trade Setup – Tight Range, Coiled for a Break?

🔹 Bullish Scenario

Entry: $0.02820

Targets: $0.02885 → $0.02969 → $0.0309

Stop-Loss: $0.02740

🔹 Bearish Scenario

Entry: $0.02810

Targets: $0.02729 → $0.02673

Stop-Loss: $0.02870

📊 Momentum Snapshot

⚠️ Price below short-term MAs = weak momentum
📉 RSI under 40 = bearish pressure still present
🔄 Volume suggests indecision, waiting on direction

💡 Key Levels to Watch

A clean break above $0.0297 could spark a quick push toward $0.031+, but a failure to hold $0.0274 may trigger deeper retracement. Stay nimble.

📢 Watching for confirmation or fading the range?
$VET

#VET #VeChain #VETUSDT #CryptoLayer1