$VET : A Critical Juncture on the Charts
The price action for $VET has reached a defining moment that could shape its near-term trajectory. Currently, the chart is testing the upper boundary of its established pattern, with the 200-day Exponential Moving Average (EMA200) serving as a formidable resistance level, consistently repelling upward attempts. This pivotal zone is where the battle between bulls and bears will determine the asset's next direction.
Should the bulls muster the strength to push and sustain the price above the EMA200, it could ignite a powerful shift in momentum, potentially sparking a robust uptrend. This breakout would signal a change in market sentiment, attracting additional buying interest and setting the stage for significant gains in the weeks ahead. Conversely, if the price faces another rejection at this level, bears are likely to seize control, driving the chart lower and reinforcing the prevailing downtrend. A drop below key support levels could intensify selling pressure, prolonging the bearish phase.
This critical threshold is the deciding factor in establishing the trend’s future path. A decisive break above the EMA200 would fuel bullish momentum, while a failure to hold could cement bearish dominance. The next move is expected to be swift and decisive, likely establishing the tone for the coming weeks. As of 07:16 AM PKT on September 20, 2025, traders should brace themselves for volatility and prepare for the outcome that could redefine $VET’s market stance.