VeChain (VET) is trading at $0.02642, showing a slight -0.00023% dip from the previous close. VET's price action suggests potential trend shift.
Monthly Chart: Bottoming Out
VET has been in a downtrend since peaking at $0.08000 but found strong support at $0.02134. If this level holds, it could signal a bottom. The key resistance at $0.03369 must be broken for a confirmed reversal and further upside momentum.
Daily Chart: Early Reversal Signs
On the daily timeframe, VET is attempting a recovery, forming higher lows. Support at $0.02590 is holding, while resistance at $0.03369 remains crucial. A successful breakout would open the path toward $0.04000-$0.05000 in the coming weeks.
4-Hour Chart: Short-Term Bullish Momentum
VET’s 4-hour chart shows an emerging uptrend, with support at $0.02590 and resistance at $0.02692. A breakout above this resistance could propel VET toward $0.02850-$0.03000 in the short term.
VET is at a critical decision point. While short-term indicators favor upside movement, $0.03369 remains the key breakout level. A move beyond it would confirm a bullish reversal, while failure to hold support could trigger further downside. Traders should monitor these levels closely before making decisions.
