VeChain (VET)
Current Price: ~$0.0234
24h Growth: +3.46%
Market Cap: ~$2.02 billion
24h Volume: ~$59.82 million
Circulating Supply: ~85.99 billion VET
Technical Analysis:
RSI (~60): Indicates a slight bullish trend, but not in the overbought territory yet. This suggests that there's still room for price movement without excessive upward pressure.
MACD: The MACD line has crossed above the signal line, indicating a short-term bullish signal with potential for upward movement in the near future.
Short-Term Forecast (April 20, 2025):
Support Level: $0.0225
Resistance Level: $0.0240
Trend Outlook: If buying volume continues, VET may test the $0.0240 resistance level. However, if selling pressure increases, the price could correct to the $0.0225 support. A breakout above $0.0240 could signal a more substantial rally, while a break below $0.0225 could indicate a reversal.
VeChain (VET) is currently showing a bullish short-term trend, and if buying momentum continues, it could see price targets close to $0.0240. However, caution should be maintained in case of market corrections.