technical breakdown for $VET /USDT

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๐Ÿงพ VeChain (VET/USDT) Summary

Current Price: $0.01907

24h Change: -7.96% ๐Ÿ”ป

Category: Layer 1 / Layer 2

Sentiment: Bearish, testing local support

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๐Ÿ“Š 24-Hour Trading Overview

Metric Value

24h High $0.02078

24h Low $0.01863

Volume (VET) 363.16M

Volume (USDT) $7.14M

๐Ÿ“‰ Price is declining sharply after rejection near $0.021 โ€” showing strong selling pressure.

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๐Ÿ“‰ Order Book Depth

Resistance Levels Support Levels

$0.02012 $0.01887

$0.01980 $0.01863 (24h low)

$0.01949 $0.01855

๐Ÿ’ฅ If $0.01855 breaks, next significant support lies near $0.0177.

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๐Ÿ“ˆ Volume & Moving Averages

Metric Value

Vol (Current) 6.08M

MA (5) 9.96M

MA (10) 11.46M

๐Ÿ”ป Volume trend is dropping, indicating fading momentum and a lack of strong buyers at current levels.

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๐Ÿ” Technical Takeaways

Indicator Status

Trend Bias Bearish

Support Zone $0.01855 โ€“ $0.01863

Resistance $0.01980 โ€“ $0.02012

Breakout Target Above $0.021 opens room to $0.0225+

Breakdown Risk Below $0.01855 could accelerate downside to $0.0177 or even $0.0169

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๐Ÿงญ Suggested Trading Plan

Strategy Detail

Support Long Consider buy near $0.0186โ€“$0.0187 (tight stop under $0.0184)

Breakout Long Above $0.0208 with increasing volume

Short Setup Below $0.0185 targeting $0.0175

Stop-Loss Zone Close below $0.0184 confirms bearish continuation

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โœ… Final Word

VET is sitting right above strong support โ€” but price action is weak and volume declining.

Watch the $0.0185 zone closely. If it holds, a short-term bounce is likely. If not, prepare for deeper retracement.

Would you like a chart visualization or to track VET against another altcoin (e.g. ALGO, XRP)?

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