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VeChain (VET) Faces Continued Bearish Pressure as Price Struggles in Descending Channel
VeChain (VET) Faces Continued Bearish Pressure as Price Struggles in Descending Channel
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[TRADE_PLUGIN]VETUSDT,VETUSDT[/TRADE_PLUGIN]
VeChain VET News -
VeChain’s VET token remains entrenched in a bearish trend, characterized by consistent lower highs and lows. The cryptocurrency is encountering strong resistance at $0.0262 while testing minor support around $0.0235, with technical indicators yet to signal a potential reversal.
Although Bollinger Bands suggest oversold conditions, buying interest remains notably absent. A meaningful shift in market sentiment would require a confirmed breakout above the descending channel—a scenario currently lacking the necessary volume and catalysts.
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