🔍 VET Analysis – Support Retest or Range Breakdown? 🔍
🔗 VeChain (VET), a supply chain-focused blockchain, is trading near $0.0266. Price action is testing support after a prolonged downtrend, with momentum weak and volume fading.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.0255
- Resistance: $0.0282
- Pattern: Descending channel on 4H
- Volume: Low, consistent with consolidation
- RSI: Near 44, bearish zone
- Outlook: Bearish unless resistance breaks
📰 Market Data & News
- Current Price: $0.0266
- 24h Change: -1.6%
- No major headlines; VeChain continues to expand in enterprise logistics and carbon tracking
🔄 Scenario Breakdown
- Bullish Case: Break above $0.0282 confirms channel breakout. TP: $0.0305 / SL: $0.0255
- Bearish Case: Breakdown below $0.0255 confirms continuation. TP: $0.0238 / SL: $0.0282
📊 Sentiment Meter
📉 Bearish Bias – Weak volume, fading momentum
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
VET #TheCryptoMalik