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VeChain (VET) Targets $0.056 Breakout as Bulls Defend Key Support
VeChain (VET) Targets $0.056 Breakout as Bulls Defend Key Support
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[TRADE_PLUGIN]VETUSDT,VETUSDT[/TRADE_PLUGIN]
VeChain VET News -
VeChain (VET) is showing signs of a potential rebound after weeks of sideways movement, with its price bouncing firmly from a crucial support level at $0.0185. While analysts observe a descending triangle pattern—typically a bearish formation—buying pressure appears to be building.
The Relative Strength Index (RSI) has climbed out of oversold conditions, indicating reduced selling momentum. Traders are now watching upside targets at $0.024, $0.027, $0.031, with a major breakout possibility at $0.056.
Market sentiment hints at a possible trend reversal as VET challenges descending resistance. Though the 50-day moving average remains a technical obstacle, the RSI recovery suggests growing bullish momentum.
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