$VET /USDT – Range Compression at Support Zone, Breakout Imminent?
$VET is trading at $0.02789, down 4.75% in the last 24 hours. The price is hugging the lower Bollinger Band, signaling weakening momentum and potential volatility expansion ahead.
📊 Market Snapshot
• Current Price: $0.02789
• 24h High: $0.02961
• 24h Low: $0.02740
• 24h Volume:
• VET: 219.67M
• USDT: $6.21M
Bollinger Bands (20, 2):
• Upper Band: 0.02896
• Middle Band: 0.02812
• Lower Band: 0.02728
MACD:
• DIF: -0.00036
• DEA: -0.00036
• Histogram: 0.00000 (flatline)
📈 Bullish Scenario
If VET reclaims the middle Bollinger Band:
• Entry: 0.02810 – 0.02830
• Target 1: 0.02896
• Target 2: 0.02990
• Stop-Loss: 0.02730
📉 Bearish Scenario
A breakdown below the lower band may trigger further selling:
• Entry: 0.02725
• Target 1: 0.02650
• Target 2: 0.02580
• Stop-Loss: 0.02830
Technical Analysis:
VET is ranging just above a key short-term support. MACD is flat, showing no trend strength. However, price compression around Bollinger Band support suggests an upcoming decisive move. A breakout or breakdown will offer clearer direction.
Your Move:
Watch for a reaction at $0.02725–$0.02810 range. Wait for confirmation before entering. Tighten stops due to narrow volatility.
