$VET is currently in a downtrend, with a price drop of -2.322% over the last 24 hours.
The 24-hour high and low range is tight, suggesting limited volatility, with prices oscillating between 0.02099 and 0.02007.
Bollinger Bands indicate a bearish sentiment, as the price approaches the lower band at 0.02008.
Support at 0.02007 is crucial; a break could lead to further declines, while resistance at 0.02068 caps any upward movement.
Macroeconomic factors like inflation and Bitcoin's undefined influence could contribute to VET's stagnation.
Traders should consider a short-term approach given the current volatility and prevailing downward trend.
Key takeaway: VET's technical indicators call for caution, emphasizing risk management in a turbulent market.
