$VET ๐
Bollinger Bands are tightening, RSI is holding neutral-to-bullish territory, while volume is starting to pick up.
MACD is showing improving momentum โ but VET still needs a clean breakout with volume to confirm the next move.
Compression โ expansion? ๐
Watching closely. โก๏ธ
#VET #VeChain #Crypto #Altcoins
๐จ OCTOBER IS HERE โ AND $VET IS AT A VERY INTERESTING SPOT.
Historically, October has been one of BTCโs strongest months. But seasonality alone doesnโt move price.
BTC is still consolidating after Q3โs strong move.
$84.8Kโ$85K remains the key reclaim.
Now look at $VET ๐
โข RSI ~60 โ bullish, but not overheated
โข MACD still positive, momentum cooling
โข Price holding above BB midline ~$0.0084
โข Volume has cooled after Septemberโs impulse
โข ~$0.0092โ$0.0093 = breakout area
โข ~$0.0100โ$0.0101 = major BB/psychological resistance
The setup is simple:
BTC reclaims $84.8Kโ$85K
โ VET volume expands
โ $0.0092โ$0.0093 breaks
โ $0.010 becomes the next major test.
No need to chase.
Let price + volume confirm the next move. ๐ข
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๐จ $VET UPDATE
BTC got rejected around the key 84.8โ85K resistance and closed below it.
For $VET:
โข RSI ~46 โ room to move, not overbought
โข MACD still lacks bullish confirmation
โข Volume needs to expand for a real breakout
โข 0.0086โ0.0088 = key support
โข 0.0092โ0.0094 = important reclaim zone
The setup is interesting, but confirmation matters.
BTC reclaiming 84.8โ85K + VET reclaiming 0.0092โ0.0094 with rising volume would significantly strengthen the bullish case.
Until then, patience. ๐
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๐จ VET IS COOLING OFF โ BUT IS THIS ACTUALLY BEARISH?
VET is down ~8% today, but the bigger picture matters.
BTC & ETH are also pulling back, and VET is simply amplifying the move.
๐ RSI is already near oversold
๐ Volume isnโt showing major capitulation
๐ MACD is bearish short-term
๐ BTC & ETH still look more like a pullback than a confirmed trend reversal
The key zone for VET:
$0.00875โ$0.00890
If we sweep the lows and reclaim $0.009, a short-term reversal setup could become very interesting.
But if $0.00875 breaks with strong selling volume, the structure changes.
For now:
Pullback โ breakdown.
Watch BTC, ETH and VET support closely. ๐
$VET #VeChain #Crypto