Analysis of Social Activity in DeFi Projects
- Solana Leads Social Activity: Solana ($SOL) dominates the DeFi space with 65.2K engaged posts and 32.7M social interactions in the last 24 hours, showcasing its strong influence and investor confidence in decentralized finance.
- Ripple Follows Closely: Ripple ($XRP) ranks second with 16.9K engaged posts and 10.3M interactions, indicating a rising level of activity and market recognition on social media platforms.
- Monad and Chainlink Perform Well: Monad ($MON) claims the third spot with 8.7K engaged posts and 1.4M interactions, while Chainlink ($LINK) follows closely with 4.4K posts and 2.2M interactions, reflecting sustained interest in these projects.
- VeChain Lags Behind: VeChain ($VET) ranks last with only 1.5K engaged posts and 1.5M interactions, indicating a relatively low market heat in the decentralized finance sector compared to its peers.
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Technical Analysis for VET
Technical Sentiment Analysis for VeChain (VET). As of , VeChain (VET) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for VET stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, VET is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
VeChain (VET) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00638 | 0.00665 | 0.00691 | 0.00718 | 0.00744 | 0.00771 | 0.00797 |
| Fibonacci | 0.00665 | 0.00685 | 0.00698 | 0.00718 | 0.00738 | 0.00751 | 0.00771 |
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