VeChain

Millions

Resistance

Polygon

<p>VeChain (VET) appears to be gaining its footing after an extended decline. According to trader <a href="https://twitter.com/MtukufuMtukutu/status/1748772533032169583" target="_blank" rel="nofollow">Teshkid</a>, VET has established support around $0.027, with a breakback above nearby resistance at $0.03 needed to confirm the nascent recovery attempt.</p> 
<p>Fellow trader Ali <a href="https://twitter.com/ali_charts/status/1749399449028239616" target="_blank" rel="nofollow">notes</a> that the TD Sequential indicator, which identifies overbought and oversold readings, has flashed bullish buy signals on both the daily and 3-day VET charts. These sequential bullish reversals suggest “a potential upswing” could emerge over the coming days and weeks.</p> 
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<h2 class="wp-block-heading" id="macro-trend-remains-bearish-but-signs-of-life-appear">Macro Trend Remains Bearish But Signs of Life Appear</h2> 
<p>Despite its 90% decline from all-time highs, VeChain stands out as a veteran blockchain project with extensive enterprise adoption and real-world use cases spanning supply chain tracking, medical records, and anti-counterfeiting.</p> 
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<p>While crypto markets remain in consolidation mode following last year’s punishing bear market, the buying signals developing around VET could mark the early stages of trend change.</p> 
<p>However, VET remains stuck below its descending 50-day moving average, underscoring the prevailing long-term downtrend despite building momentum indications.</p>  
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<h2 class="wp-block-heading" id="levels-to-watch-on-continuation-attempt">Levels to Watch on Continuation Attempt</h2> 
<p>If VeChain can successfully break resistance around $0.03, Teshkid highlights the next upside targets at $0.035 and $0.04 based on retracements of the recent volatile decline. Notably, the $0.04 level also approximates the 50-day moving average that often defines prevailing trend directionality.</p> 
<p>In conclusion, while only sustained VET closes above $0.04 would signal a reliable bullish shift, traders appear to be positioning themselves in anticipation of a continued recovery. The noted TD sequential buy signals and ability to establish support provide early but unconfirmed evidence of gathering upside momentum.</p> 
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<p>The post <a href="https://captainaltcoin.com/vechain-flashes-buy-signals-after-finding-support-analyst-highlights-potential-resistance-that-can-trigger-vet-price-surge/">VeChain Flashes Buy Signals After Finding Support, Analyst Highlights Potential Resistance That Can Trigger VET Price Surge</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

VeChain Flashes Buy Signals After Finding Support, Analyst Highlights Potential Resistance That Can Trigger VET Price Surge

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