CandleFocus VeChain Chart Shows Highly Bullish Signs, Analyst Breaks Down the Many Signs for a VET Pump Soon
2024-10-09
Author: Content Editor
The article discusses the current state of the cryptocurrency market, with Bitcoin stabilizing around $62,000 and attention shifting towards altcoins. The focus is on VeChain (VET), which is showing strong bullish momentum according to an analyst. VET is highlighted as being 145% away from its 2024 high and just a 58% increase away from the point of control on the Volume Range Volume Profile. The altcoin broke out of a 205-day downtrend and has maintained higher lows within an ascending broadening channel. The recent shift in money flow indicates potential gains ahead. Key support and resistance levels to watch are $0.0241 and $0.0215 respectively. Traders are advised to react to market moves rather than forcing trades as VET faces a make-or-break scenario at the upper band of a local downtrend.
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