Mid-Cap Altcoins Gain Momentum Amid Market Recovery
- Market Recovery Signs: Several mid-cap altcoins are showing signs of recovery in decentralized finance, Layer-2, and infrastructure sectors, despite retail participation remaining below historical peaks, indicating an improvement in market sentiment.
- Increased Raydium Activity: Raydium has seen a significant rise in trading activity within the Solana ecosystem, boosting interest in liquidity and token swap platforms, which underscores its growing importance in decentralized trading.
- Ethena Gains Attention: Ethena continues to build momentum in the decentralized finance space, particularly driven by the rise of synthetic dollar products and associated staking activities, attracting investor interest in yield alternatives.
- Curve DAO and VeChain Recovery: Curve DAO has re-entered market discussions as stablecoin trading volumes rise, while VeChain continues to expand its applications in supply chain and enterprise sectors, indicating potential renewed focus on infrastructure projects as market confidence returns.
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Technical Analysis for VET
Technical Sentiment Analysis for VeChain (VET). As of , VeChain (VET) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 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 | 0.00426 | 0.00494 | 0.00562 | 0.00629 | 0.00697 | 0.00765 | 0.00833 |
| Fibonacci | 0.00494 | 0.00546 | 0.00578 | 0.00629 | 0.00681 | 0.00713 | 0.00765 |
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