$VET has experienced a slight decline of 1.705% in the past 24 hours.
The trading range was between 0.02183 and 0.02087, indicating limited volatility.
With the current overall market downtrend, sellers are dominating price action.
Bollinger Bands suggest further consolidation, with resistance at 0.02183 and support at 0.02087.
Macroeconomic factors like inflation concerns may weaken demand for risk assets, including altcoins like VET.
Bitcoin's influence remains unclear, but its stability often dictates altcoin trends.
Traders should adopt a cautious short-term approach to mitigate potential volatility.
Key takeaway: watch for breaks below support or resistance for trading cues, as volatility may create short-term opportunities.
