VeChain Confirms Bullish Structure with EVM Compatibility Upgrade
- Bullish Structure Confirmation: VeChain (VET) confirms a bullish structure on the daily chart after sweeping downside liquidity and forming higher lows, with price targets ranging from $0.00771 to $0.00895, indicating optimistic market sentiment regarding its future performance.
- Liquidity Target Analysis: The analysis highlights that liquidity remains stacked above the current price, prompting traders to monitor potential sell-side pressure areas, while a clear invalidation level is set, as a daily close below $0.006900 would weaken the bullish outlook.
- EVM Compatibility Upgrade: VeChain announces that Phase Three of its
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Technical Analysis for VET
Technical Sentiment Analysis for VeChain (VET). As of , VeChain (VET) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 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 | 0.00631 | 0.00662 | 0.00691 | 0.00722 | 0.00751 | 0.00782 | 0.00812 |
| Fibonacci | 0.00662 | 0.00685 | 0.00699 | 0.00722 | 0.00745 | 0.00759 | 0.00782 |
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