🔍 VET Analysis – RSI 77, Breakout or Blowoff? 🔍
🔗 VET (VeChain) is a trending altcoin showing strong momentum with a 3.39% daily gain. Price has hit its 24h high, and RSI is deep in overbought territory, suggesting a breakout or potential exhaustion. Traders are watching for confirmation or reversal.
📈 Technical Analysis
- Short-term trend: Bullish
- Support: $0.02445
- Resistance: $0.02561
- RSI: 77.01 – overbought, signals strong momentum
- MA(5): 37.65M | MA(10): 36.11M – bullish crossover, confirms trend
- Volume: Rising, supports price action
- Outlook: Bullish if price holds above $0.0256; caution if RSI diverges
📰 Market Data & News
- Price: $0.02561 (+3.39% 24h)
- 24h High/Low: $0.02561 / $0.02445
- Volume: 225.53M VET / 5.63M USDT
- No major headlines or listings reported
🔄 Scenario Breakdown
- Bullish Case: Break above $0.0256 with RSI > 80 and volume > 250M confirms rally
- Bearish Case: Rejection at resistance and drop below $0.0244 with RSI < 70 signals short-term correction
📊 Sentiment Meter
📈 Bullish Momentum – Strong breakout setup, rising volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
Will VET extend its rally or cool off from overbought levels? Drop your take below 👇
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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
VET #TheCryptoMalik
