VeChain VET Squeeze Signals Major Move: Can Bulls Push to $0.0430?
VeChain's VET token is consolidating within a tight trading range, indicating an imminent breakout. The digital asset is currently trading around $0.0246, with critical resistance at $0.0295–$0.0305 and strong support NEAR $0.0220.
Technical indicators suggest a coiled spring setup. Bollinger Bands have significantly narrowed since May, with this volatility compression typically preceding sharp price movements. A decisive weekly close above the RSI 50-line could signal bullish momentum taking control.
The $0.0305 level remains the key inflection point. A clean breakout here could propel VET toward $0.0430, while failure to hold $0.0220 support risks testing the $0.0195 floor. Market participants await a clear catalyst to break the current stalemate.
